Gehlot told the media that the waiver will cost the exchequer Rs 18,000 crore.
Rajasthan government is likely to release a formal order declaring the farm loan waiver by the evening.
Right after the announcement, Congress President Rahul Gandhi proudly tweeted, “It’s done!”
Rajasthan, Madhya Pradesh & Chhattisgarh have waived farm loans.
We asked for 10 days.
We did it in 2.
— Rahul Gandhi (@RahulGandhi) December 19, 2018
Deputy CM Sachin Pilot also tweeted, “As promised by Congress President Rahul Gandhi, our government has announced loan waivers for farmers.” He wrote, “Congress does what it says.”
कांग्रेस अध्यक्ष श्री राहुल गांधी जी द्वारा किए गए वादे के अनुसार हमारी सरकार ने किसानों के कर्ज माफ करने की घोषणा कर दी है – कांग्रेस जो कहती है वह करती है!
— Sachin Pilot (@SachinPilot) December 19, 2018
Addressing the media, Gehlot said that the previous government[BJP] announced a loan waiver up to Rs 50,000. He added that to fulfill the promise, Rs 8000 crore were required to be provisioned, but BJP released only Rs 2000 crore, thereby not keeping its promises.
He further informed that it left a burden of Rs 6000 crore on the present Congress-led government in Rajasthan.
Gehlot further claimed, “Still we decided that… we will waive all short-term loans taken from cooperative banks.”
He also promised that loans up to Rs 2 lakh will be waived for eligible farmers who couldn’t repay the loans taken from nationalized, commercial or other banks. Also, the waiver is for defaulters till November 30, 2018.
Underling the farmer suicides under BJP reign, Gehlot said, “Farmer suicides happened for the first time in Rajasthan.”
Rajasthan thus becomes the fourth state to waive farm loans after Congress-led Madhya Pradesh, Chhattisgarh, and BJP-led Assam.