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Rajasthan farm loan waiver to cost state Rs 70,000 crore

Jaipur : The Congress promise of waiving farm loan waiver could cost the exchequer about Rs 70,000 crore in Rajasthan, the state finance department has estimated.

Congress president Rahul Gandhi had promised that farm loans will be waived within 10 days of coming to power in the election-bound states. Of the three states Congress won, Madhya Pradesh and Chhattisgarh have already announced the waiver of short term loans.

In Rajasthan, the newly formed government headed by Ashok Gehlot is still discussing the waiver with the finance department presenting different scenarios.