Rajasthan government to waive all farm loans
The Hindu
Nationalised banks asked to give benefit of one-time waiver
Facing charges of not carrying out full waiver of farmers’ loans after coming to power, the Congress government in Rajasthan has initiated action to get the loans disbursed by nationalised banks waived through a one-time scheme. The State government has offered to bear the farmers’ share in the waiver scheme.
The Congress has been asking the National Democratic Alliance (NDA) government at the Centre to take urgent action for waiving farmers’ loans from nationalised, commercial and land development banks coming under its purview. The ruling party in the State has pointed out that the NDA government, which was reluctant to provide relief to farmers, had written off industrialists’ loans worth ₹7.95 lakh crore in its first tenure.
Shortly after being elected to power, the Congress government had rolled out a loan waiver of ₹14,000 crore, including ₹6,000 crore announced by the previous Bharatiya Janata Party regime, by which over 20.56 lakh farmers had benefited. The waiver was enforced for the loans obtained by cultivators from cooperative banks functioning under the State government.
India train in 'Big Apple': Getting used to cooler temperatures, playing white-ball games in morning
Virat Kohli takes break, Indian cricket team prepares for T20 World Cup in New York with morning training sessions.