Yogi Govt waives off Rs 36359 crore loan of farmers

Owen Stevens
April 15, 2017

About 21 million farmers will benefit from the decision that was taken during the first sitting of chief minister Yogi Adityanath's cabinet meeting on Tuesday.

To put things in perspective, the UPA Government had waived farm loans worth ₹60,000 crore across the country before the 2009 general election. "When Modi ji's government could waive off 1 lakh 40 thousand crore business man's loan then can't they do for the farmers?" he asked.

86 lakhs small and marginalized famers of the state will be benefitted with today's decision of state cabinet.

Speaking to ANI here, Samajwadi Party leader Juhi Singh said, "This is not loan waiver as only Rs 1 lakh is given to the farmers, adding that they have also formed a committee which will consider how this loan waiver will take place".

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In response, Yogi Adityanath said his government was working to create an atmosphere conducive for attracting more investments in the state. Singh said that this scheme would be limited for only crop loan and would cover all the banks - be it cooperative or nationalized.

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According to News18.com, a government directive, send to almost 158 government colleges and 331 government-aided colleges in Uttar Pradesh, has asked teachers to dress up "modestly" and "give up jeans and t-shirts". The move to conduct cabinet meetings in other parts of the state will allow the leadership to understand local issues more closely and find better solutions to the problems.

Government has also approved the proposal of construction of a multi-facility stadium at Ghazipur and 5 crore rupees will be spent on the project. The total amount waived-off, UP Health Minister Sidharth Nath Singh said, is Rs. 36,359 crore.

Seven thousand wheat-purchase centres would also be set up in the state and will be monitored by Adityanath.

"@INCIndia has always supported loan waivers for farmers in distress (sic)", Gandhi said in a series of tweets. The decision was made at the first Cabinet meeting lead by Chief Minister Adityanath in Lucknow.

The farm loan waiver race is hotting up.

Other reports by VgToday

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