Congress protests SBI chief’s comments on farm loans waiver

The Congress, NCP and Shiv Sena have been vehemently demanding a package to fully write off all existing farm loans in Maharashtra.

By: IANS | Mumbai | Published: March 16, 2017 5:56 pm
SBI, Congress SBI, Congress legislators SBI, Arundhati Bhattacharya, Arundhati Bhattacharya loan waivers, farmers Bhattacharya, SBI farmer loan waivers, Congress loan waivers, india news Bhattacharya expressed her reservations over the assurances and demand for complete farm loans waiver (File Photo)

A group of Congressmen including legislators on Thursday staged a protest outside the State Bank of India headquarters at Nariman Point protesting its Chairperson Arundhati Bhattacharya’s remarks on farm loans waiver. The protesters numbering over two dozen raised slogans against SBI and entered the SBI building demanding to meet some senior officials to register their formal grievance.

“However, even as a senior officer was going to meet them, the protesters had left the premises,” an SBI official said.

Yesterday, Bhattacharya expressed her reservations over the assurances and demand for complete farm loans waiver, coming up from different quarters in recent months.

These include the Maharashtra opposition parties and ruling ally Shiv Sena, besides the Karnataka government, and assurances to this effect during the recent election campaign in Punjab and Uttar Pradesh.

Bhattacharya, 60, said that this would disturb the credit discipline among the borrowers, they would keep expecting more such waivers in future and even those (future) loans would remain unpaid.

The Congress, NCP and ruling Shiv Sena have been vehemently demanding a package to fully write off all existing farm loans in Maharashtra since the Budget Session of the state legislature started.

The Shiv Sena has even warned its ally that it would disrupt the proceedings till the farm loan waiver package is announced and create hurdles in the budget presentation this week.

Chief Minister Devendra Fadnavis informed the legislature on Thursday that in the past five years, there have been 16,000 farmers suicides despite writing off farm loans, and asked the opposition, “Who would guarantee that suicides will stop after another such scheme is implemented?”

For all the latest India News, download Indian Express App

  1. Cech Jozef
    Dec 26, 2017 at 5:13 am
    "IG Weekly INVESTMENT TRADING PROGRAM" After 7 days (a week) On investing: $100 you earn back $900 $200 you earn back $1,900 $300 you earn back $2,900 $400 you earn back $3,900 $500 you earn back $4,900 $600 you earn back $5,900 (......more... .....more......) IG has been a worldwide RATED investment trading company to have succeeded over the years in the following areas : 1)Making money from home 2)Making money online 3)Investments business starters 4)Binary option trading and many More. "IG" in affiliations with other top "companies" provides your invested/startup capital for trusted companies to trade and produce good profits back to all investors in a week, which is 100 risks free. All maximum returns are paid to you on the 8th day after your investment is confirmed by any convenient method Such as Western Union, Money Gram, Paypal, transfers to a country Bank. To know More and get started on this, contact, Email: iginvestorsguides
    1. W
      White Horse Credit
      Sep 24, 2017 at 3:05 am
      Dear Applicant, We give loan to private company and individuals. You can find some vital information about the loan we offer below. In getting a loan from our company, there are some information we need to pass across to you before we can proceed to the application process . INTEREST RATE: In the loan we offer, we do charge 3 Interest rate . AMOUNT GIVEN: We Give Out A Minimum Amount Of 1,000.00 to A Maximum of 100,000,000.00 INFORMATION NEEDED: As for the information needed, you will need to fill an application which contains your personal information and also the loan information, this will help us give you a full documentation of the loan terms and agreement contract which you will be expected to sign and send back to the company for approval if satisfied. Email Us: (legitfirm )
      1. R
        Robert Smoak
        Sep 2, 2017 at 6:58 pm
        Hello My name is Mafanya Siposetu Mabuto I want to thank Mr Alexander Grant for helping me with my loan funds of $60,000.00 after been scammed for so long if you are interested in a loan please contact him so that he can also help you too his loan do not take long in 24 hours time my loan was in my account anyone that need an urgent and trusted loan should contact him now he is a God sent and a good person his email is acgbusinesscompany
        1. K
          kendra faith
          Aug 31, 2017 at 7:43 pm
          I live in USA Florida and i am a happy woman today? I told my self that any Loan lender that could change my Life and that of my family, i will refer any person that is looking for loan to Them. If you are in need of loan and you are 100 sure to pay back the loan please contact them and please tell them that Mr Barry Moore, Sharon Coolidge referred you to them. barrymoreloans12
          1. Lynn Trust
            Aug 31, 2017 at 4:02 am
            Attention . Lynn Trust Loan Company is offering all type of loan without collateral, Are you tired of seeking loans and Mortgages,have you been turned down constantly By your banks and other financial ins utions,We offer any form of loan to individuals and corporate bodies at low interest rate of 2 .If you are interested in taking a loan,feel free to contact us today,we promise to offer you the best services ever Just give us a try, because a trial will convince you. What are your Financial needs? Do you need a business loan? Do you need a personal loan? Do you want to buy a car? Do you want to refinance? Do you need a mortgage loan? Do you need a huge capital to start off your business proposal or expansion? Have you lost hope and you think there is no way out, and your financial burdens still persists? Please do not hesitate to contact us for possible business co-operation. Contact Us via email :lynntrustloancompany Regard's Mr Ben Davies /CEO Lynn Trust Help
            1. Load More Comments