Loans waived by Congress govt in MP, but here are the ‘conditions apply’ that farmers should see

While the Congress party seems to demonise the Modi government and drum up support for itself by indulging in farm loan waiver rhetoric, the reality of the situation seems to be very different for the farmers.

With Kamal Nath being sworn in as the Chief Minister of Madhya Pradesh, his first decision was reported to be to waive off farmer loans.

This is being widely hailed as a tall promise delivered by Rahul Gandhi, moments after his chosen man being sworn in as the Chief Minister.

However, the loan-waiver comes with terms and conditions that not too many farmers might be aware of.

- Advertisement - - Article resumes -

The following glaring problems are being ignored by most of the media when they hail the newly formed Congress government for living up to their promise.

Upper ceiling of loan waiver

The order that has been signed by Kamal Nath sanctioning the so-called farmer loan waiver in Madhya Pradesh mentions that the upper ceiling for the outstanding amount to be waived off is Rs. 2 lakhs. Which means that any farmer who has racked up a repayment amount of more than 2 lakhs gets hardly any benefit from the state at all.

Only the outstanding till 31 March 2018 to be waived off

The order signed by Kamal Nath says that only the outstanding amount till March 31st 2018 would be waived off by the state government. This poses another problem for several farmers. Congress and Rahul Gandhi’s rhetoric had suggested that all farmer loans would be waived off.

In the run-up to Madhya Pradesh Assembly Elections, last month it was reported that several farmers had stopped repaying their loans owing to Rahul Gandhi’s promise of full loan waiver to the farmers. Times of India had reported that loan repayment had dropped by 10% due to Rahul’s promise.

However, with the order stating a cut-off date going months back from the date promise was made, several farmers who had banked on Rahul Gandhi’s promise would be left high and dry.

Only short-term loans

The order clearly mentions that only short terms loans would be waived off. Short term loans to farmers are those which are given for seasonal crops and hence, loans such as those taken for digging wells, buying irrigation equipment, animals, etc. that usually come under medium to long-term loans, are not to be waived off.

Eligibility?

The loan waiver sanction signed by Congress says that only those farmers who are “eligible” would be able to avail of the benefits. Other than the restrictions already mentioned, one has got to wonder if there are other surprises and restrictions in store that would effectively leave out many more farmers from the blanket promise that was made by Congress and Rahul Gandhi.

In the Assembly Election results of 11th December 2018, the incumbent BJP government in the state was defeated and Congress came to power. Loan waiver promise is supposed to have helped the Congress party, which kept repeating that the BJP government was a ‘suit boot ki sarkar’ and that only Congress would do what is needed to benefit the farmers.

Even during the Karnataka elections, Congress had promised full farmer loan waiver. After the Congress-JDS government came in power, for the longest time, the loans of farmers were not waived off.

When they were, it then emerged that it was mere lip-service by the coalition government. It emerged that the farmers were still getting recovery notices from banks for the loans they had availed. The government had also admitted that out of the Rs. 44,000 crore farmer loan waiver, only a paltry 800 farmers had benefited.

While the Congress party seems to demonise the Modi government and drum up support for itself by indulging in farm loan waiver rhetoric, the reality of the situation seems to be very different for the farmers.


Share This Post and Support:
We need your support to survive in the media industry. Please consider paying us for the content we produce:

To know more about these payments, please click here.


Most read articles recently

NC Lok Sabha candidate Akbar Lone begins a rally with ‘Pakistan Zindabad’, says will abuse anyone who abuses Pakistan

Akbar Lone, NC Lok Sabha candidate for Baramulla, said that the country across is a Muslim country and abusing Pakistan would mean he is abusing himself

Actor R Madhavan offers support to PM Modi to urge voters to cast votes in elections, gets trolled by ‘liberals’

Because of their sheer bitterness for Modi, these cynics are in no mood to spare anyone who comes out in support of Modi
Owner of AAP propaganda blog agitated when Sushma Swaraj stands up for two underage Hindu girls

AAP propaganda site owner gets angry after India expresses concerns over atrocities against Hindus in Pakistan

Sushma Swaraj's move to seek details of the Incident had agitated quite a few people in Pakistan, including their Information and Broadcasting minister Ch Fawad Hussain, who saw it as an intervention in Pakistan's internal matters.

Where is the money? Rahul Gandhi’s promise is going to cost a whopping Rs 3.60 lakh crore a year, 13% of union budget

Minimum Income Guarantee Scheme of Congress party ensures monthly income of Rs 12,000 for 20% of India's population
Malala has maintained a conspicuous silence over atrocities on Hindu girls in her country

Nobel Peace Prize winner Malala’s silence on abduction and forceful conversion of two Hindu girls is deafening

Malala, who often preaches the world about feminist adventures and jumps in to display her intellect over human rights issues especially against women across the world seems to have not found her voice to condemn the bigotry of Pakistanis as she could face severe backlash within her own country.

After ‘Modi removed your name from voter list’, AAP allegedly calls up people pretending to be radio channel

'Who will you vote for?' People speculate if Aam Aadmi Party call centre is up to new trick again

Uttar Pradesh: Congress leader Rashid Alvi withdraws candidature from Amroha because ‘he did not want to lose’

According to some reports Rashid Alvi was reluctant to contest from the Amroha seat against the strong candidates of the BJP and the BSP.
Chandrababu Naidu govt accused of misusing temple funds, allocates Rs 5 crores for mosque repairs and Iftaar parties

Chandrababu Naidu calls PM Modi a ‘demon’, JDS MLA wants to ‘crush jaws’ of Modi supporters: Politics in India reaches a new low

Crush the jaws of those who come and shout 'Modi, Modi': JDS MLA Shivaling Gowda said while addressing a public gathering
Pakistani Hindus plight

Why can’t Pakistani Hindus go to Europe or America as refugees if Syrians and Rohingyas can?

Countries like Canada and Sweden welcome refugees who are persecuted, but why do Pakistan Hindus fail to get this helping hand?

Latest articles

Connect with us

149,152FansLike
120,737FollowersFollow
31,509SubscribersSubscribe

Don't miss these


Share This Post and Support: