Farmers Loan Waived Off - Says Central Agriculture Minister Radha Mohan Singh

FARMERS LOAN WAIVED OFF - SAYS CENTRAL AGRICULTURE MINISTER RADHA MOHAN SINGH

Farmers Loan Waived Off - Says Central Agriculture Minister Radha Mohan Singh

Bharatiya Janata Party government, which recorded a historic victory in Uttar Pradesh Legislative Assembly elections, will forgive the farmers debt of the state. The central government will bear whatever financial burden it receives due to this debt waiver. 

Union Agriculture Minister Radha Mohan Singh on Thursday announced this while interfering in the discussion on the demands of the Agriculture Ministry's grants. Singh reacted to the remarks of Indian National Lok Dal member Dushant Chautala that he had said that BJP has announced an agricultural loan waiver in UP but the finance ministry has been referring to RBI saying that it will have negative affect

Singh said on Chautala's remarks that in some states, the government has given three percent relaxation in interest rate on agricultural loans, while the remaining four percent states, governments has already waived off. Singh said that while Uttar Pradesh is concerned, party has already said that when BJP will come to power, farmers debt will be forgiven. The center will bear whatever cost it will incur.




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