Madhya Pradesh Farm Loan Waiver : Cabinet extends cutoff date from March to Dec 12, 2018

Must Read

President Ram Nath Kovind appoints new governor for Kerala, Telangana, Himachal Pradesh and Maharashtra

President Ram Nath Kovind appointed new governors for Maharashtra, Kerala, Telangana, Rajasthan, and Himachal Pradesh on Sunday. https://twitter.com/ANI/status/1168037199767457792 Former Union Minister Kalraj...

NRC list for Assam released; Fear looms as 19 lakh people face exclusion

NRC (National Register of Citizens) for Assam has been published at 10 am today. The final list excludes over...

Lateral Entry Era Begins as Union govt. appoints 9 professionals to Joint Secretary posts

The government has appointed its first batch of private professionals to the post of Joint Secretary in various ministries....
talharashid
Part-time Traveler| Full-time Political Enthusiast | Foodie | Strong Believer of Freedom of Speech and Expressions!

The Madhya Pradesh cabinet on Saturday gives nod to a farm loan waiver scheme that aims to waive farm loan worth Rs 2 lakh for each farmer in the state. Kamal Nath led Congress government also extended the cut off date for farm loan waiver from March 31, 2018, to December 12, 2018.

With this, Farmers who had taken loan till December 12, 2018, will now be eligible under Farm Loan Waiver Scheme of the State government. Earlier while assuming Chief Ministerial Kamal Nath spelled out details of the scheme by saying that only loan amount outstanding as on March 31, 2018, will be eligible for the waiver.

According to reports, two farmers in Madhya Pradesh committed suicide when they came to know that they are not eligible for the Farm Loan waiver under the new government’s farm loan waiver scheme. The Suicides of farmers triggered controversy with BJP accusing Congress of playing with Farmers for electoral gain.

Former Chief Minister Shivraj Singh Chouhan had also criticized the Congress government for setting a cut-off date for the loan waiver.

The new cutoff date came as a relief for to thousands of farmers in the state. The loan waiver in Madhya Pradesh is expected to cost the state exchequer around ₹35,000-₹38,000 crore and benefit close to 34 lakh farmers of the state. The decision comes at a time when the ruling party has attacked Congress over its loan waiver promises. Agrarian crisis and farm loan waiver were important pre-poll promises of the Rahul Gandhi-led party in the recently held assembly polls in three key states – Madhya Pradesh, Rajasthan, and Chhattisgarh.

The Farmers in Madhya Pradesh had reportedly stopped repaying their loans on the backdrop of Congress pre-poll promise of Farm Loan Waiver.

Senior Congress Leader Kamal Nath who took oath as the Chief Minister of Madhya Pradesh on December 17 sign the farmers’ loan waiver file immediately after assuming the office.

Similarly, Bhupesh Baghel led government in Chhattisgarh and Ashok Gehlot led in Rajasthan has waived farm loans soon taking the charge.

ALSO READ: Assam approves ₹600 crore farm loan waiver

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

Drashti Dhami and Sanaya Irani are ultimate buddies, Check out photos

Drashti Dhami and Sanaya Irani are one of the closet buddies in film industry. Both have worked and stayed...

Japan PM Shinzo Abe to meet Iran’s President Hassan Rouhani

Following the rising tensions in the Middle-East after an attack on the oil facilities in Saudi Arabia. Japanese Prime Minister Shinzo Abe is set...

Spain rejects US extradition request for Venezuela’s top spy Hugo Carvajal

Spain's top court has denied an extradition request by the United States and has ordered the release of Venezuela's former spy chief, Hugo Carvajal. Carvajal...

Borderlands 3 cloud-save hotfix coming soon

Borderlands 3 made its first appearance at E3 2019 during Microsoft’s press conference on June 9. After months of anticipation, Borderlands 3 finally released on PC, PS4 and Xbox One on September 13th. But it seems like...

Radhika Apte makes a Classy appearance at IIFA Rocks 2019

Radhika Apte is an Indian film actress, who is popularly known for her intellectual roles and passionate acting in the movies. She has worked...
- Advertisement -

More Articles Like This