No Proposal Under Consideration To Waive Farmer Loans, Parliament Told

No Proposal Under Consideration To Waive Farmer Loans, Parliament Told

No Proposal Under Consideration To Waive Farmer Loans, Parliament Told

The Minister cited numerous schemes obtainable for farmers (File)

New Delhi:

The authorities on Monday mentioned there isn’t any proposal into consideration to waive loans of farmers, together with Scheduled Caste and Scheduled Tribe farmers.

In a written reply to the Lok Sabha, Minister of State for Finance Bhagwat Karad mentioned the Center has not applied any farm mortgage waiver scheme since “Agriculture Debt Waiver and Debt Relief Scheme (ADWDRS), 2008”.

“There is not any proposal into consideration of the Government of India to waive off the loans of farmers together with Scheduled Caste and Scheduled Tribes farmers within the nation,” the Minister mentioned.

Mr Karad additionally listed main initiatives taken by the federal government and the Reserve Bank of India to cut back the debt burden of farmers and for welfare of the folks engaged in agriculture, together with these belonging to Scheduled Castes and Scheduled Tribes.

He cited schemes like curiosity subvention for short-term crop loans of as much as Rs 3 lakh, RBI’s determination to boost the restrict for collateral-free agriculture mortgage from Rs 1 lakh to Rs 1.6 lakh, and direct earnings assist of Rs 6,000 per 12 months to farmers below Pradhan Mantri Kisan Samman Nidhi.

(Except for the headline, this story has not been edited by NDTV workers and is printed from a syndicated feed.)

Leave a Reply

Your email address will not be published. Required fields are marked *