Maharashtra to waive off private farm loans


Posted on 14th Mar 2015 12:41 pm by mohit kumar

Mumbai, March 13 (IANS) The Maharashtra government on Friday announced plans to write off private loans availed from money-lenders by the state's farming community.

Accordingly, around 2.23 lakh farmers from the Vidarbha and Marathwada regions who have totally taken loans worth an estimated Rs.156 crore plus interest of Rs.15 crore (thus totalling Rs.171 crore) are expected to be benefitted.

"We were delayed in waiving these loans due to various reasons.. we now now decided that the money taken, not only by farmers directly, but also in the name of their wives, sons, unmarried daughters, brothers and sisters will be waived of, provided nobody from the family works with the government," Chief Minister Devendra Fadnavis said in the legislative council.

The private loans, which now the government will pay off, are one of the triggering factors for the spate of farm suicides in the state, especially in the Vidarbha-Marathwada region.

NGO Vidarbha Jan Andolan Samiti (VJAS) president Kishore Tiwari said that an announcement to waive off private loans had been made even in December 2014, but nothing has been done so far.

"The problem is that the private money-lenders do not extend loans for agriculture purposes, but in disguised forms, like house construction, marriage, etc. So it will be difficult for the government officials to identify the farmers as per their criteria," he said.

Instead, he urged the government to take immediate measures to waive off the institutional loans taken by around nine million farmers which are easy to identify.

 

0 Like 0 Dislike
Previous news Next news
Other news

Badlapur Case: FIR against school management in Badlapur case, statements of both victims and their parents also recorded

An FIR has been registered against the school management in the case of alleged harras assault of

Thieves struck even at Ajit Pawar's funeral, making off with jewelry worth Rs 30 lakh; 8,000 security personnel were deployed at the event.

Former Maharashtra Deputy Chief Minister Ajit Pawar died in a plane crash on January 28th. This t

Salman Khan Home Firing: Big revelation in Salman's home firing case, police searched many bank accounts; This thing came to light

The investigation has started into the accounts of people associated with Vicky Gupta and Sagar P

IPL 2023: Yashasvi broke the record of a fastest half-century, Rahul praised, Kohli said – best batting ever

In IPL 2023, the match was played between Kolkata Knight Riders and Rajasthan Royals on Thursday.

Interest Rates: Interest rates may increase on small savings schemes, no change for two years

Interest rates on small savings schemes (SSC) may increase by 0.5 to 0.75 percent from next month

Know why China is stunned by the G-7 conference, said- some countries cannot rule the world together

These days, there has been a lot of confusion with its member countries regarding the G-7 meeting

Video of Virat's hotel room in Australia goes viral: Kohli said - this is intruding on my privacy, do not consider the player as a thing of entertainment

Former India captain Virat Kohli has fans all over the world, who are always eager to meet him an

Won't visit India, Japanese say after robbery

Agra, March 17 (IANS) Two Japanese students who were vict

'Encroachment will not be tolerated under any circumstances, strict action should be taken against those who do this', CM Yogi gave instructions to the officials

Chief Minister Yogi Adityanath held 'Janta Darshan' at his official residence on Thursday. During

Amrit Bharat Train: Inside pictures of the new Amrit Bharat train surfaced, it is equipped with these luxury facilities

Prime Minister Narendra Modi will flag off the new Amrit Bharat train in Ayodhya today. PM Narend

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash