Tag: loan waiver

Punjab farmer unions to corner Cong govt

Miffed over the Punjab government’s failure to provide total farm loan waiver, farmer unions in the state have decided to corner the ruling Congress in forthcoming budget session in Assembly next month. As a state wide protest was held on Wednesday by blocking state and national highways, the agitating farmers said on Thursday that they …

Continue reading "Punjab farmer unions to corner Cong govt"

February 8, 2018

Clear stand on farm loan waiver: Congress

Punjab Congress dares Shiromani Akali Dal (SAD) to come clean on their stand over waiving of farmers’ debts on Friday. Punjab Congress chief Sunil Jakhar accused the SAD for failing on loan waiver during their ten-year rule. He questioned the Akalis that what prevented them from waiving off the debts during ten-year regime in the …

Continue reading "Clear stand on farm loan waiver: Congress"

January 13, 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 …

Continue reading "‘Give total farm loan waiver’"

January 13, 2018

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 …

Continue reading "CM clears loan waiver for 1.15 lakh more farmers"

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 …

Continue reading "Punjab to launch farm debt waiver today"

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 …

Continue reading "Former RBI head warned against loan waiver promises by parties"

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 …

Continue reading "Maharashtra farm loan waiver: Congress demands probe into ‘ghost accounts’"

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 …

Continue reading "No farm loan waiver in Uttarakhand: Chief Minister"

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 …

Continue reading "BJP MP flays Maha govt over loan waiver scheme for farmers"

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 …

Continue reading "Waive the loan~II"

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 …

Continue reading "Maharashtra to frame guidelines for farmers’ loan waiver"

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 …

Continue reading "Gujarat farmers throw milk on roads to demand loan waiver"

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 …

Continue reading "Maharashtra govt waives farm loan up to Rs. 1.5 lakh"

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 …

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

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 …

Continue reading "Seeking loan waiver has become fashion: Venkaiah"

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 …

Continue reading "Loan waivers have become fashion now, says Venkaiah Naidu"

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 …

Continue reading "Govt rules out farm loan waivers; will stick to fiscal targets"

June 20, 2017