Lucknow: Uttar Pradesh in is Over 11,700 farmers received relief for outstanding debt amount ranging from Re 1 to Rs 500.under the state government's farm loan waiver scheme.

The Uttar Pradesh government on Thursday said outstanding loans of 11.93 lakh small and marginal farmers were waived in the first phase of implementation of the debt waiver scheme.

Loan amounts ranging from Re 1 to Rs 100 of as many as 4,814 farmers have been waived, an official release. As many as 6,895 farmers received benefit for loans of Rs 100 to Rs 500.

The number of farmers who have been given redemption in the Rs 500 to Rs 1000 bracket are 5,553, the release said. As many as 41,690 farmers have benefited from waiver of loans between Rs 1,000 to Rs 10,000.

For loans of Rs 10,000 and above, the number of eligible farmers is 11,27,890, it added.

The state government has announced a Rs 32,000 crore scheme to waive farm loans of up to Rs 1 lakh by lending institution as on or before 31 March, 2016.

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