Tag: Farm loan

10 p.c. hike in farm loan target for FY22

Announcing a series of benefits to the Agriculture sector, finance minister Nirmala Sitharaman said that the Union Government was committed to the welfare of farmers.

February 2, 2021

Farm loan hoardings crediting only Sena in Aurangabad; NCP, Congress upset: Report

This is a decision of the alliance government and the move to put up hoardings of a single party is "not done", Congress city president Namdevrao Pawar said.

December 26, 2019

Form national panel on farm loan: Punjab CM to PM Modi

Punjab Chief Minister Amarinder Singh on Sunday urged Prime Minister Narendra Modi to constitute a Committee of the Union government and some CMs to formulate a blueprint of a National Debt Waiver Scheme for farmers in consultation with states. While underlining the importance of the Swaminathan Committee report to be accepted in totality, the CM,...

June 17, 2018

How much does he know? Arun Jaitley on Rahul Gandhi’s Mandsaur speech

On Gandhi's accusation that Prime Minister Narendra Modi has waived the loans of Rs 2.5 lakh crores of the 15 top industrialists, Jaitley said this is factually and completely false.

June 6, 2018

‘Give total farm loan waiver’

The Shiromani Akali Dal (SAD) and Bharatiya Janata Party (BJP) on Friday demanded complete loan waiver for all farmers including labourers and Dalits. A SAD-BJP delegation urged Punjab governor VP Singh Badnore to direct the Congress led state government to implement a complete Rs 90,000 Crore farm loan waiver for all farmers. The delegation also...

January 13, 2018

Loan waiver a costly deal for Punjab banks

Punjab government promise for farm loan waiver is apparently costing banks in the state dear as their non-performing assets (NPAs) under agriculture sector have increased by `603 crore during the last quarter. As  per the latest figures with the State Level Bankers Committee (SLBC), which is set to hold its 141st  meeting on Monday,   `88,122...

November 19, 2017

Farm loan defaulters feel heat as easy loans become unavailable

Having defaulted on re-payment of bank loans in hope of total farm loan waiver by Punjab government, farmers in the state are apparently facing a cash crunch for meeting their big requirements like higher education and social functions, including marriage. As many farmers have reportedly defaulted in paying the instalments against their bank loans, commercial banks...

July 20, 2017

Capt Amarinder seeks one-time settlement for Rs. 6,000 crore farm loans

Punjab Chief Minister Captain Amarinder Singh on Thursday sought Central government's intervention for  one-time settlement of the Rs. 6,000 crore loans taken by the state’s farmers from the national and private banks. Such a settlement will benefit 4.5 lakh of the state’s beleaguered farmers, the CM told Union finance minister Arun Jaitely at a meeting in New...

July 20, 2017

CM Amarinder has cheated Punjab farmers on loan waiver, says Akali Dal

A day after Punjab chief minister (CM) Captain Amarinder Singh received "Fakhr-e-Quam"  (pride of the community) title from  arhatiyas (grain commission agents), the Shiromani Akali Dal (SAD) on Wednesday said the CM should have got gratitude of farmers of the state by implementing a complete loan waiver. Member of Parliament and SAD leader Prem Singh Chandumajra said...

July 5, 2017

Naidu dubs loan waiver ‘fashion’; clarifies after opposition hits out

Union Information and Broadcasting Minister M Venkaiah Naidu on Thursday said loan waiver these days had become a "fashion", but later clarified his remarks were "misinterpreted" after attack from opposition parties. Speaking at India's largest municipal bond programme in Mumbai, Naidu said: "If there is a need of money we shall give loan… the banks...

June 22, 2017

Loan waiver is not a permanent solution: BJP farmers’ cell

Loan waiver is not a permanent solution for the problems faced by farmers, feels the chief of the Bharatiya Janata Party's farmers' cell, Virendra Singh "Mast", who says only a fair price for their produce can mitigate the situation. He is also of the view that the M.S. Swaminathan Commission's recommendations are not feasible as...

June 18, 2017

Another farmer commits suicide in Madhya Pradesh yet again

Yet another debt-ridden farmer has committed suicide in Madhya Pradesh's Balaghat district on Wednesday, the police said. Forty-year-old Ramesh, a resident of Ballarpur village, took his life by consuming poison. He had an outstanding debt of Rs.2 lakh and owned about one-acre land.  Labarra area police station chief Kamal Singh said: "His family is alleging...

June 14, 2017

‘Farm loan waivers disrupt credit discipline’

Farm loan waivers are "populist actions" and lead to disruption of credit discipline among borrowers, says a report as Maharashtra became the latest in the list of states writing off farmers' loans. Uttar Pradesh and Punjab had announced such measures recently. According to Kotak Institutional Equities, frequent occurrence of such populist actions may lead to...

June 12, 2017

Farm loan waiver a relief, not a solution: Sainath

Veteran journalist P Sainath on 11 June described farm loan waiver as a relief but not a solution to agrarian crisis and accused the Modi government of not fulfilling its poll promise of implementing MS Swaminathan's recommendations. "It is very important to understand that the protests across the country by the farmers is not about loans...

June 12, 2017

Farm loan waivers to be 2 pc of GDP by 2019 polls: BofAML

Farm loan waivers will amount to 2 per cent of GDP by 2019 polls as other states may follow BJP's Maharashtra and UP governments, says a Bank of America Merrill Lynch report. "We expect almost all States to write off about $0 billion of farm loans in the run up to the 2019 general elections...

June 5, 2017

Farm loan interest period extended by 60 days

In a step aimed at providing relief to farmers hit by demonetisation, the Centre on Tuesday gave 60 days more for availing of prompt repayment incentive of 3 per cent to those farmers whose crop loan due dates fall between November 1 and December 31 of this year. Under the interest subvention scheme, farmers get the short-term...

December 20, 2016