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During recent assembly polls, the Bharatiya Janata Party (BJP) had promised to wave off agricultural loans of farmers in the first cabinet meeting after coming to power.

There are 2.15 crore small and marginal farmers in the state and their total loans add up to Rs 62,000 crores.

Uttar Pradesh Chief Minister Yogi Adityanath would take a meeting of senior bureaucrats on Monday where principal secretaries and secretary level officials of each department would give a presentation in days to come.

A new industrial policy will be in place to check emigration from the State and the government would make sure that 90% of the employees in any industrial unit were from within U.P., he said.

The Cabinet, chaired by the Chief Minister is likely to take up several key issues including a loan waiver for farmers.

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Talking to reporters, Sadhvi Prachi said: "By becoming the Chief Minister of UP, Yogi Adityanath has not only ushered in a feeling of happiness and enthusiasm among the public, but also prevented it from becoming another Pakistan". The other issues the first cabinet may take up include increased power supply to farmers and an ordinance for slaughterhouses. It is very easy to make promise but hard to implement them. Though the Cabinet has met informally thrice, Tuesday's meeting will be its first formal session.

The Yogi government, therefore, has been burning midnight oil since it was formed on March 19 on working out the modalities to implement its election promise of loan waiver for the farmers.

As the figure is huge, the Uttar Pradesh government is mulling various options, including raising loans, to honour the saffron party's commitment to waive the loans of small and marginal farmers. The spokesman said Finance Minister Rajesh Agarwal had been busy holding deliberations with senior officials of his department to honour the pre-poll promise at the earliest.

Prime Minister Narendra Modi too had said in his campaign speeches that writing off farm loans would be among the foremost tasks of the BJP government in Uttar Pradesh.

Maurya, however, declined to comment when asked if farm loan waiver would be on the agenda of the meeting. Some officers were of the opinion that the cabinet could take a decision and formulate a policy in this regard later, but the chief minister insisted that the decision was taken once the policy was clear, so that there were no hurdles.