Pudukkottai: A small tea shop owner in Pudukkottai district has been waiving off all the dues of his customers for the last eight years. These customers are the farmers of Cauvery delta districts who got affected by the devastation caused by Gaja cyclone. After Gaja cyclone hit them, these farmers and[Read More…]
Tag: Loan waiver
Government likely to announce 4 lakh crore farm loan waivers to woo farmers
New Delhi: Prime Minister Narendra Modi led National Democratic Alliance government is likely to announce loan waiver to farmers worth billions of dollars to win back rural voters ahead of Lok Sabha 2019 polls. Following the defeat in the five state assembly polls especially in Madhya Pradesh, Rajasthan and Chhattisgarh[Read More…]
Won’t be shy to expose govt if it doesn’t implement loan waiver: Uddhav Thackeray
On Sunday, Shiv Sena chief Uddhav Thackeray said that his party would not shy away from “exposing” the BJP-led Maharashtra government if it fails to execute the loan waiver scheme properly. Thackeray, whose party is also a part of the ruling coalition in the state, claimed his outfit was the[Read More…]
Tamil Naidu farmers restore unique way of protesting, beat themselves with slippers
Farmers from Tamil Naidu resumed the second phase of protest at Jantar Mantar, Delhi demanding drought relief package and loan waiver are unhappy over the massive hike in salaries of their state legislators. The farmers, while expressing their anger on Thursday, beat themselves with chappals (slippers) and shouted slogans. Leading the protest[Read More…]
Studies suggest that farmers use 30% share of loans on domestic needs
According to a recent study, farmers in Punjab who are barely managing their expenses, have been spending around 30% share of their total debt towards meeting their domestic needs, like maintaining families, repairing houses, on health, education and socio-religious purposes. Professors of Punjabi University Patiala conducted the survey which was[Read More…]
UP: Yogi government marks Rs 36,000 crore for crop loan waiver in budget
The Yogi Adityanath government budget targets 10% growth over the next five years, focusing exclusively on farmers and the rural population. The targeted growth is well above India’s projected growth – 7.2% for 2017-18, according to the IMF. The Rs 3.84 lakh crore budget – 10.9% bigger than the previous[Read More…]
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…]
Loan waiver, a fashion show now: M Venkaiah Naidu
On Thursday, the Union urban development minister M Venkaiah Naidu said that loan waiver has become a trend now and should be waived in extreme situations only. Speaking at India’s largest municipal bond programme in Mumbai, Naidu said, “Loan waiver has become fashion now. It should be waived but in[Read More…]
Karnataka govt announces crop loan waiver of Rs 50,000 per farmer
On Wednesday, the Karnataka government announced crop loan waiver of up to Rs 50,000 per farmer. The move will benefit over 22,27,506 farmers who have obtained loans from cooperative banks. “Farmers are in distress. They have been demanding loan waiver. We have to respond to farmers, even though it will[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…]
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…]
Debt-ridden farmer commits suicide in Madhya Pradesh
On Monday, a debt-ridden farmer in Sehore, home district of Madhya Pradesh CM Shivraj Singh Chouhan, allegedly committed suicide by consuming a poisonous substance. District Collector, Sudam Khad, said that the reason behind the alleged suicide of Dulchand Keer, 55, is still not clear. Police said a case was registered[Read More…]
States giving loan waivers to farmers should arrange funds on their own: Arun Jaitley
Soon after the Maharashtra government announced a loan waiver for farmers, Finance Minister Arun Jaitley has said that states that want to waive off loans should arrange funds on their own. After the widespread farmers’ agitation, the Maharashtra government announced a loan waiver and decided to form a committee to[Read More…]
Punjab govt sets up panel on farm loan waiver
Punjab state government has set up an expert group to waive loans of farmers in the state. Dr T Haque, former chairman, Commission for Agricultural Costs and Prices, has been appointed chairman of the group. The other two members of the group are Dr Pramod Kumar Joshi, Director (South Asia),[Read More…]
CM Yogi Adityanath to chair second cabinet meeting today
Uttar Pradesh Chief Minister Yogi Adityanath will head the second cabinet meeting on Tuesday, a week after the first meeting took place. CM Adityanath took a series of important decisions, including the loan waiver for farmers of the state in the first meeting. Thus, a lot is expected from the[Read More…]
‘Odisha will examine farm loan waiver’
Yogi Adityanath chairs first cabinet meeting
Modi should promise loan waiver to TN farmers: MK Stalin
DMK working president M K Stalin on Saturday visited the protesting Tamil Nadu farmers at Jantar Mantar in Delhi and said that Prime Minister Narendra Modi should waive off their loans like he promised in Uttar Pradesh during the recent Assembly election. “Just like how BJP promised farmer loan waiver to UP[Read More…]