Fadnavis promises farmers biggest loan waiver in history

According to Fadnavis, 93 per cent of farmers who deserve a loan waiver are small and marginalized farmers.

Published: 06th June 2017 10:00 PM  |   Last Updated: 06th June 2017 10:00 PM   |  A+A-

Maharashtra Chief Minister Devendra Fadnavis. | PTI File Photo

Express News Service

Maharashtra chief minister Devendra Fadnavis on Tuesday promised farmers in the state a loan waiver the like of which "never before seen in the history of the state”.

Fadnavis told the media after a review meeting with Union minister for urban development M Venkaiah Naidu that the rollout would happen by Oct. 31. It is to be based on an income-tax-based platform such as the one developed by Andhra Pradesh.

With the help of an IT-based platform, it would be easier to track the multiple loans taken by a farmer which in turn would help the state government to identify the neediest ones and be more judicious in selecting the beneficiaries.

According to Fadnavis, 93 per cent of farmers who deserve a loan waiver are small and marginalized farmers.

Fadnavis said the current violent protests by farmers are being instigated by political parties. He claimed that 300 of the 307 Agriculture Produce Marketing Committees (APMCs) carried out normal business on the day of the farmer’s strike. Of the remaining seven, four had a weekly off and only three participated in the strike.

Finance minister Sudhir Mungantiwar said the state's finance department has organized meetings with banks and other stakeholders but declined to divulge details.

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