mangalore today
name
name
name
Tuesday, March 19
Genesis Engineersnamename

 

Hours After taking oath, Chief Minister Kamal Nath waives Farm loans


Mangalore Today News Network

Bhopal, Dec 17, 2018 : Madhya Pradesh Chief Minister waived loans for farmers in his state, two hours after he took oath. The promise of farm loan waivers was made by the Congress during the election campaign in Madhya Pradesh. This is Mr Nath’s first decision after assuming office, reported NDTV.

 

kamalnath17dec18


He signed the papers required for waiving off farm loans up to Rs. 2 lakh from nationalised and co-operative banks til March 31.

The Congress had promised to write off farm loans of up to Rs. 2 lakh and provide a "salary grant" for five years to industries offering jobs to the youth if elected to power in Madhya Pradesh.

Congress president Rahul Gandhi, who attended Mr Nath’s swearing-in, tweeted, "1 done, 2 to go." Mr Gandhi was referring to similar promises the party made in Rajasthan and Chhattisgarh.

"I want to ask the banks and economists that when you waive off loans of huge industrialists, it doesn’t bother you but when it’s about farmers, then you get a stomach ache?" Mr Nath said during a press conference soon after signing the papers.

In its election manifesto, the Congress had also promised a social security pension for farmers, who had held massive protests in the state last year, and a rebate in the registration fee of land documents, besides a financial help of Rs. 51,000 for the marriage of daughters of small cultivators.

The farm loan waiver is estimated to cost Rs. 56,000 crore to the state exchequer. Madhya Pradesh faces a debt of at least Rs. 1.6 lakh crore, according to official records. But the actual figures could be well over Rs. 1.87 lakh crore.

Kamal Nath, 72, was sworn in as the Chief Minister of Madhya Pradesh at an event attended by Rahul Gandhi and a number of opposition leaders like Andhra Pradesh Chief Minister N Chandrababu Naidu, former prime ministers HD Deve Gowda and Manmohan Singh,  Karnataka Chief Minister HD Kumaraswamy, DMK chief MK Stalin and Bihar opposition leader Tejashwi Yadav.


Write Comment | E-Mail To a Friend | Facebook | Twitter | Print
Error:NULL
Write your Comments on this Article
Your Name
Native Place / Place of Residence
Your E-mail
Your Comment
You have characters left.
Security Validation
Enter the characters in the image above