Tag: loan waiver
17 Results
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CM clears loan waiver for 1.15 lakh more farmers
Three days after the launch of Punjab government’s much awaited farm loan waiver scheme, Punjab Chief Minister (CM) Amarinder Singh on Wednesday cleared 1.15 lakh more cases for debt waiver amounting to Rs 580 Crore, to be disbursed to farmers across the state before January 31. Earlier on Sunday, the CM had launched the waiver …
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January 10, 2018 -
Punjab to launch farm debt waiver today
Punjab government’s much awaited farm loan waiver scheme will be launched on Sunday with over 46,000 farmers in five districts set to receive first installment of the debt relief scheme. Punjab Chief Minister (CM) Amarinder Singh will on Sunday formally launch the farm debt waiver scheme from Mansa district. The other districts being covered under …
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January 6, 2018 -
Former RBI head warned against loan waiver promises by parties
An ex-Governor of the Reserve Bank of India (RBI) had pointed to the risks in the practice of political parties promising loan waivers during poll campaigns to the Election Commission, Parliament was informed on Friday. In a written reply submitted to the Lok Sabha during Question Hour, Finance Minister Arun Jaitley said that as a …
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January 6, 2018 -
Maharashtra farm loan waiver: Congress demands probe into ‘ghost accounts’
Terming it a scam, the Congress on Tuesday asked whether Maharashtra Chief Minister Devendra Fadnavis will order an impartial judicial probe into the 22 lakh “ghost accounts” as claimed by his government, out of 89 lakh beneficiaries meant for farm loan waiver. “The Maharashtra Chief Minister and his government has claimed that about 22 lakh …
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December 6, 2017 -
No farm loan waiver in Uttarakhand: Chief Minister
Uttarakhand Chief Minister Trivendra Singh Rawat on Friday said the state was not in a position to waive farmers’ loans but plans to instead provide soft loans to them. “We cannot afford to waive farmers loans in the state,” Rawat told reporters here while addressing a press conference to highlight the work of his government …
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November 3, 2017 -
BJP MP flays Maha govt over loan waiver scheme for farmers
The BJP’s Lok Sabha member, Nana Patole, has criticised the party-led government in Maharashtra over the tardy implementation of the loan waiver scheme for farmers. Saying that farmers’ suicides are still on the rise despite the announcement of the debt write-off, Patole, Lok Sabha member from Bhandara Gondia seat, said the government is “insensitive” towards …
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August 18, 2017 -
Waive the loan~II
It is highly probable that bank finance is monopolized by the 15 per cent owners with 56 per cent of cultivable land and who control bank boards. The majority are members of state Assemblies or Parliament or even lesser political mortals. Interestingly according to an ICRIER study non-institutional sources of agricultural credit accounted for 36 …
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July 28, 2017 -
Maharashtra to frame guidelines for farmers’ loan waiver
The Maharashtra government is planning to come up with a fresh set of guidelines for an effective implementation of the loan waiver scheme for farmers, an official has said. Chief Minister Devendra Fadnavis had last month announced the "historic" loan waiver of Rs 34,022 crore for farmers and subsequently laid down the eligibility criteria for …
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July 13, 2017 -
Gujarat farmers throw milk on roads to demand loan waiver
Farmers in different parts of Gujarat on Wednesday spilled thousands of litres of milk onto the roads to press for their demand for waiver of their agriculture loans and threatened to repeat this for two days. The protest was supported by members of Kshatriya Thakor Sena headed by OBC Ekta Manch leader Alpesh Thakore, who …
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July 5, 2017 -
Maharashtra govt waives farm loan up to Rs. 1.5 lakh
Giving a relief to farmers, the Maharashrta government on Saturday announced to waive all loans up to Rs.1.5 lakh. “Maharashtra government decided loan waiver of Rs. 34,000 crore. We are waiving loans up to Rs.1.5 lakh completely,” state chief minister Devendra Fadnavis said. “For those farmers who have been paying back their loans regularly, we …
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June 24, 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 …
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June 22, 2017 -
Seeking loan waiver has become fashion: Venkaiah
Union Urban Development Minister Venkaiah Naidu on Thursday said seeking loan waiver has become a "fashion" now but it is not the final solution and should be considered in extreme situations. Farmers in Maharashtra, Madhya Pradesh, Haryana, Rajasthan, Punjab, Uttar Pradesh and Odisha recently protested over various issues concerning them, including the demand for waiving off …
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June 22, 2017 -
Loan waivers have become fashion now, says Venkaiah Naidu
With a number of states announcing farm loan waivers, Union Minister Venkaiah Naidu on Thursday said loan waiver has become a fashion now and it should be waived in extreme situations only. "Loan waiver has become fashion now. It should be waived but in extreme situations only. It's not a final solution. You have to …
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June 22, 2017 -
Govt rules out farm loan waivers; will stick to fiscal targets
Finance Minister Arun Jaitley on Tuesday ruled out any waiver of farm loan and said the Centre will adhere to fiscal targets. The remark came as Punjab became the third state after Uttar Pradesh and Maharashtra to announce waiver of loans given to farmers. Replying to questions from reporters, Jaitley said the Centre is not …
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June 20, 2017 -
Only needy farmers to benefit from state loan waiver: Maharashtra CM
The Maharashtra government will ensure with the help of a digital platform that only needy farmers benefit from its loan waiver scheme, Chief Minister Devendra Fadnavis has said. Fadnavis said his dispensation took the decision in view of "the big scam" which occurred in Maharashtra after the then UPA government at the Centre wrote off …
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June 18, 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 …
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June 18, 2017 -
Rajasthan farmers launch indefinite stir
Hundreds of Bhartiya Kisan Sangh farmers, demanding loan waiver, among other things, launched an indefinite 'mahapadav' (sit-in) at eight cities in Rajasthan on Thursday. "Farmers in hundreds are sitting across the state at divisional headquarters in Jaipur, Jodhpur, Udaipur, Ajmer, Kota, Bikaner, Bharatpur and Sikar. We want the government to listen and do something for welfare …
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June 15, 2017