Hours after swearing-in as Chief Minister of Madhya Pradesh on Monday, Kamal Nath waived off farm loans up to Rs 2 lakh as promised by Congress president Rahul Gandhi ahead of assembly polls. Welcoming and appreciating CM’s effort, today, a large group of farmers gathered to meet Kamal Nath. Farmers[Read More…]
Tag: farmers loan
Only 10% farmer benefit from loan waiver: NITI Aayog
Government think-tank NITI Aayog said that even as states like Maharashtra, Uttar Pradesh and Karnataka announced loan waiver to farmers, it barely helps just 10% of those in need. According to Hindustan Times reports, pitching for “targeted relief rather than blanket loan waivers”, Prof Ramesh Chand, a member at the[Read More…]
Punjab: Capt Amarinder Singh declares loan waiver for farmers
On Monday, Punjab chief minister Capt Amarinder Singh declared a loan waiver for a section of the farming sector of the state. The loan respite includes a total waiver of crop loans of up to Rs 2 lakh for all small and marginal farmers who own up to 5 acres,[Read More…]
Maharashtra: Loan waiver to exclude those getting income from other sources
The loan waiver scheme implemented by the Maharashtra government will be exclusively for agriculturists whose only source of income is from farming. According to a Government Resolution (GR), dated June 14, those getting income from other jobs, even if they own farms, will be out of the ambit of the[Read More…]
Farmers continue to get short-term loan at 7% interest
The government on Wednesday extended the subsidy to banks for fiscal 2017-18, farmers will continue to get a short-term loan of up to Rs 3 lakh at a subsidised interest rate of 7%, and prompt repayers will get it at 4%. In the Cabinet meeting on Wednesday headed by PM[Read More…]
Puducherry farmers to get free power
TN farmers run naked near Prime Minister’s office
Farmers from Tamil Nadu, who have been protesting in Delhi, took off their clothes and rolled through the roads near Prime Minister’s Office in Delhi on Monday. Police later arrested them. Farmers resorted to this mode of protest after they were denied appointment to meet Prime Minister. On Monday morning,[Read More…]
Farmer loan waivers is state subject: Arun Jaitley in Rajya Sabha
Finance minister Arun Jaitley on Wednesday ruled out farm loan waivers by the Centre but said states can utilise their own resources in this regard. He clarified that the Centre will not adopt a selective approach by helping one state and not the others. “This issue (loan waiver) has cropped[Read More…]