No farm loan waiver in Uttarakhand: Chief Minister

New Delhi, Nov 3: Uttarakhand Chief Minister Trivendra Singh Rawat on Friday said the state was not in a position to waive farmers' loans but plans to instead provide soft loans to them.

"We cannot afford to waive farmers loans in the state," Rawat told reporters here while addressing a press conference to highlight the work of his government in the state.

The BJP Chief Minister said as his government is already reeling under a debt of Rs 45,000 crore it has planned to give soft loans to farmers at very nominal rate of interest.

"Our government has decided to give loans to farmers at two per cent interest, which they can use for any activities," he said.