The Congress in Madhya Pradesh has been under fire from the BJP for not fully delivering on its loan waiver promise, an issue that apparently cost the Congress in the Lok Sabha polls in the state where it won only one out of the 29 seats.
CM Kamal Nath in an open letter to farmers on Friday said Rs 7000 crore worth loans of over 20 lakh farmers in the state had been waived off so far in Phase One. He, however, blamed the BJP for leaving behind empty coffers.
“I can understand the worry of the farmers who have been waiting for their loans to be waived off. I appeal to you to keep patience. There are some difficulties emerging in the loan waiver process that had led to the delay. We will fulfill our promise of loan waiver of up to Rs 2 lakh for all farmers,” Nath said in his open letter.
So far, the state government has waived off bad loans (NPAs) of up to Rs 2 lakh and up to Rs 50,000 for active loans. Nath said this was done in Phase 1 for the “neediest” farmers despite the new government inheriting empty coffers from the previous BJP government and lots of dues payable to farmers under other schemes.
He said scrutiny of 48 lakh applications received from 37 lakh farmers for loan waiver showed some farmers took loans from multiple banks on the same piece of land and that needs to be scrutinized with all the banks as the government would waive only one such loan per farmer. This is still to be completed for nationalised banks but Nath said this scrutiny is complete in terms of co-operative banks and regional rural banks in the state.
“Hence loans taken from the co-operative banks and regional rural banks will be waived off in the second phase,” Nath said. He said the priority will be given to waiving loans taken from co-operative banks, then regional rural banks and then nationalised banks. “A proper arrangement has been made for waiving off loans so that there is no confusion or doubt,” Nath said.
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1 Comment on this Story
Ashim Mandal462 days ago
poll promises of these politicians is taking a toll of the economy. First doll out free promises , then cry no coffer, then tax industry and middle class. So destroy the bank and loan paying culture of india and more hardship for people who pay taxes.In between do some corruption and when caught cry political vandalism