Maharashtra Chief Minister Devendra Fadnavis has said, the state government will study the Uttar Pradesh model of farm loan waiver. Speaking in the Legislative Assembly today, where Shiv Sena and BJP members demanded that the state government announce a loan waiver for distressed farmers, Mr Fadnavis said, he has directed the State Finance Secretary to study how UP goes about with the promised debt waiver.
Referring to the High Court directive in Tamil Nadu asking the state government to waive farm loans following a peasant protest, Mr Fadnavis said, decision of waiving farm loan is the prerogative of the government.
The Chief Minister also targeted the Opposition for staying away from the House proceedings saying they were roaming outside in name of Sangharsh Yatra.
UP Govt forms committee to implement farm loan waiver decision
The Uttar Pradesh government has set up a six-member committee to implement its decision of waving off farmers’ agricultural loan. The committee will be headed by Chief Secretary Rahul Bhatnagar.
It has been asked to coordinate with Nationalized Banks, Government, Cooperative, and Rural Banks from where farmers have taken agro loans till March last year and formulate the strategy to implement the government’s decision.
The committee has also been asked to prepare a working plan to arrange financial support to the banks.
The Yogi Adityanath cabinet, in its first meeting yesterday, had decided to wave off farmer’s agricultural loan up to 1 lakh rupees. About 86 lakhs small and marginalized farmers of the state will be benefited from the decision.