The government is now considering three options for a relief package to help farmers suffering because of low crop prices at a cost of as much as Rs 3 trillion
PM deserves credit for resisting nationwide farm loan waiver
The Kumaraswamy-led Karnataka government had announced an over Rs 450 billion loan waiver scheme in July
The possibilities are a direct payment to all landowning farmers, compensation for those who sold produce below government prices, and a loan forgiveness program.
Singh expressed apprehension that some states are not according priority to fiscal discipline, which was not the case earlier.
Loan waivers barely address the problems of small and marginal farmers. They only help the larger farmers, and their correlation with reduction in agrarian distress appears insignificant
How climate change will affect Indian farming in the future and the solutions the government should think about, on the ground
The scheme envisages Rs 101.8 billion expenditure over three years till 2020-21
For the last 2 years, credit growth in the agri sector has been lacklustre; in fact much lower than the previous years
The Congress in Madhya Pradesh has already announced that it will be waiving loans up to Rs 200,000, which will cost in excess of Rs 350 billion
Yeddyurappa further said that the party will announce on Thursday if they will continue the protest
The waiver would cost the state government Rs 80 billion
Congress president Rahul Gandhi has said his party will scrap loans of all farmers in the country if it wins the 2019 Lok Sabha elections.
Congress president Rahul Gandhi Wednesday said his party had managed to wake up the chief ministers of Assam and Gujarat to grant farm loan waivers and will rouse a sleeping Prime Minister Narendra Modi too. Gandhi's comment came a day after he said he would not let Modi sleep till a loan waiver is given to all farmers. The Congress party has managed to wake the CMs of Assam & Gujarat from their deep slumber. PM is still asleep. We will wake him up too, Gandhi said on Twitter. The Congress president has moved quickly to take credit for any potential farm loan waiver the government may plan ahead of the 2019 Lok Sabha elections. There are reports the Modi-led BJP dispensation is mulling major relief for farmers but the contours of such relief are not yet known. Gandhi has been championing the cause of farm loan waivers though he recently said in a press conference that they were not permanent solutions to the farming crisis and technological advances in agriculture in consultation
The BJD is only shedding crocodile tears in the name of protest for farmers, says BJP state president Basant Panda
We promised to waive loans in 10 days. In two states, we did it in six hours, says Gandhi
The farm loan waiver announcement has been widely hailed by farmers' representative bodies
Riding on its promise of a farm loan waiver, the Congress won 114 seats, two seats short of a majority in the 230-member House
The report pitched for an income support scheme as an alternative, saying with a lower spending of Rs 500 billion, a larger benefit can be accrued to the target groups
The report further noted that farm loan waivers, along with minimum support price (MSP) hikes, will support rural demand at a time of stress