Loan waivers

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UP Govt Starts Giving Out Loan Waivers To Farmers; Few Get Rs 10, Rs 215 Cheque Against Loans Of Rs 40,000

The Logical Indian Crew

September 12th, 2017

SHARES

Courtesy: Hindustan Times, News 18 | Image Credit: Twitter 

Farmers in Uttar Pradesh’s Hamirpur have been allegedly given loan waiver certificates of Rs Rs 10 and Rs 215 at a function which was presided by state’s labour and employment exchanges minister, Mannu Kori, reports Hindustan Times.

Shanti Devi of Umri village received a loan waiver of just Rs 10.37 against a loan of Rs 1.55 lakh whereas Munni Lal of Maudaha village was given a loan waiver certificate of Rs 215 against his loan of Rs 40,000. Out of 45 farmers who were called on stage during the function to receive the documents, many complained of getting these low-value certificates.



This farce in the name of a loan waiver has come after the Yogi Adityanath-led Uttar Pradesh government had launched the ‘Krishi Rin Mochan Yojna’ (farm loan waiver scheme) last month and had announced Rs 1 lakh as the upper ceiling for waivers. The project was planned to benefit 87 lakh farmers in the state and cost the exchequer Rs 36,000 crore.

Around 12,460 farmers, from the Hamirpur district, are supposed to get farm loan waivers in the first phase of the scheme, as promised by the UP government.

The debt waiver was aimed to benefit farmers who had suffered losses due to drought, flood etc. in Uttar Pradesh. It would also have helped others whose loans were declared Non-Performing Assets by the banks and were beyond recovery.

However, the meagre amount of money that has been meted out by the government has only whetted the problems of the farmers. They are appalled and disappointed with the functioning of the state government.

Minister Mannu Kori, who had given away the certificates, termed it as a printing mistake. “The loan waivers have been given as per rules. If there are discrepancies, we will get it inquired into and act against those responsible,” he reportedly said.

This was not a stray incident when loan waiver certificates of such low denominations were handed to the farmers. On September 8, similar incidents were reported from Barabanki district, where certificates were distributed to 5,000 farmers. Farmers in Barabanki too complained of receiving waiver certificates of Rs 12 and 24.

Opposition parties have shown their anger and disgust at the entire episode claiming that this is another example of the UP government of not fulfilling its promises.


Farmers have been protesting across the country for so many months now; farmer suicides have risen to an abominable level; Tamil Nadu farmers protesting in Jantar Mantar ate their excreta on 10 September. In spite of these horrific incidents, the authorities have made a farce out of the entire loan waiver promise. The Logical Indian severely condemns the incident and urges the concerned authorities to look into the matter immediately.

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