Cabinet waives off Special Term loans and Accrued Interest to Punjab

for Cabinet | Date - 28-12-2006


The Cabinet on 28.12.2006 approved the proposal of Ministry of Home Affairs for waiving the special term loans and accrued interest given by the Central Government to the Government of Punjab for combating terrorism during the period of militancy from 1984-85 to 1993-94. This proposal was cleared by the Cabinet in the backdrop of the fact that Punjab had to take on the brunt of militancy. The total amount waived is in the order of about Rs. 5000 crores.
(Release ID :23702)

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