Calls for farm loan waiver have gained momentum following CM Yogi Adityanath's decision to do so in Uttar Pradesh. The decision has come in for criticism from both the RBI as well as NABARD
A day after Uttar Pradesh Chief Minister Yogi Adityanath announced crop loan waiver up to Rs 1 lakh, Maharashtra Chief Minister Devendra Fadnavis today said the state government will study the UP model of farm loan waiver worth Rs 36,000 crore.
A day after Uttar Pradesh Chief Minister Yogi Adityanath waived off loans up to Rs 1 lakh of small and marginal farmers in the state, Congress vice-president Rahul Gandhi termed the move as a “partial relief” but “a step in the right decision”.
A look at how successive governments have extended crop loan waiver schemes but fell short of providing real solutions to farmers' woes
In the first Cabinet meet on Tuesday, the Yogi Adityanath-led Uttara Pradesh government waived off farm loans up to Rs 1 lakh. The move, costing Rs 30,279 crore, will benefit nearly 2.15 crore small and marginal farmers across the state.
Yogi Adityanath cabinet today decided to waive the crop loans of small and marginal farmers of up to Rs 1 lakh, totalling a staggering Rs 36,359 crore.
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