New Delhi: As a one-time measure to mitigate farmers' hardship, government has decided to waive completely the first year's deferred liability of interest on kharif loans, Prime Minister Atal Behari Vajpayee announced in Lok Sabha on December 18.

Making a suo-moto statement in Parliament, the Prime Minister said, "Such of our citizens as having availed of this facility shall be entitled to obtain an endorsement of this waiver directly from their loaning bank."

Appropriate guidelines in this regard will be issued by the Reserve Bank of India, Vajpayee said.

PTI