Karnataka govt to waive loans upto Rs. 50000; big relief to farmers

Won't let assembly function till Speaker is removed: SAD

22 June, 2017

"I order the centre to waive off farmer loans taken from nationalised and commercial banks", Siddaramaiah said, shifting the focus on the Union government to do its part for farmers.

Rahul was firm on it after he came under attack from the BJP for his demand for a similar waiver by the Narendra Modi-led Centre when the Congress governmentin Karnataka had failed to emulate BJP-ruled Uttar Pradesh and Maharashtra.

The government has made a decision to form a committee to set the criteria to waive off loans.

"This will benefit 22,27,506 farmers in the state", Siddaramaiah announced to thumping applause in the legislative assembly on Wednesday. Several other conditions have been imposed by the government which will exclude farmers who have any other alternative sources of income, owning four-wheelers, those who have relatives working for the government, tax-paying farmers. "We have to respond to farmers even though it will have an impact on the State's finances". The stringent conditions laid down by the government have already upset farmers and opposition parties. And if Modi refuses, he and the BJP will be portrayed as "anti-poor" and "anti-farmer" by the Congress.

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"Various bonus priced we give on top of Minimum Support Price (MSP) when we intervene in the market, the government steps in and Karnataka is one of the very few states which gives very liberal bonus price over and above the MSP", he added.

The farmers, to some extent can heave a sigh of relief following the decision taken by Siddaramaiah government. "Is the government really serious about the hardships faced by farmers?"

This was followed by Rs 30,000 crore farm loan waiver in Maharashtra amidst large-scale protests. "Urjit Patel had asked not to go for farm loan waiver, but thousands of crores of loans by corporates were written off". The government must revise the cut-off date to 31st March 2017. We have been fighting for the farmers' cause since last two years but the government is not bothered about addressing their grievances.

Opposition BJP and JD (S) are seemingly anxious as they feel denial of loan waiver was the biggest weapon they had with them against the Congress government in the next elections.

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