‘Loan waiver has become fashion’, says Venkaiah Naidu

Reacting sharply to Venkaiah Naidu's comment on loan waiver, CPI(M) General Secretary Sitaram Yechury said the comments were disrespectful towards the farmer community. "Calling loan waiver fashionable is a disrespect to our anndaata," he told media.

By: Express Web Desk | New Delhi | Published:June 22, 2017 12:59 pm
venkaiah naidu, farm loan waiver, loan waiver, farmer protest, farmer agitation, mandsaur, maharashtra farmer protest, india news, indian express news “We have to take care of farmers,” Venkaiah Naidu added while speaking at the BSE office in Mumbai. (Source: PTI Photo/File)

A day after Karnataka decided to waive farmer loans, Union Minister for Urban Development M Venkaiah Naidu said loan waivers has become fashion. “Loan waiver has become fashion now. Loan should be waived but in extreme situations only as it’s not final solution,” Naidu was quoted as saying by news agency ANI in Mumbai. “We have to take care of farmers,” he added while speaking at the BSE office in Mumbai.

“See what happened to Air India, government has no business to be in business. It needs to focus on healthcare, administration, education and basic amenities,” Naidu said in his address while launching Pune’s municipal bond program.

Reacting sharply to Naidu’s comment, CPI(M) General Secretary Sitaram Yechury said the comments were disrespectful towards the farmer community. “36-40,000 farmers have committed suicide in last three years. Calling loan waiver fashionable is a disrespect to our anndaata,” he was quoted as saying by ANI.

Karnataka CM Siddaramaiah urged PM Narendra Modi on Wednesday to waive farm loans taken from commercial and nationalised banks as well. He said loans amounting to Rs 8,165 crore will be waived through the state government’s move, helping over 22.27 lakh farmers. UP, Maharashtra and Punjab have also announced farm loan waivers.

Farmers in different parts of the country have been demanding fair crop prices and loan waivers. So far the governments of Punjab, Uttar Pradesh, Maharashtra and Madhya Pradesh have decided to waive farmer loans in their state.

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  1. A
    Anumakonda Jagadeesh
    Jun 23, 2017 at 8:06 am
    The Yogi Adityanath-led government in Uttar Pradesh approved waiver of farm loans up to Rs 1 lakh, fulfilling a major election promise made by the Bharatiya Janata Party (BJP). According to state government sources, the decision will benefit 2.25 crore farmers and is likely to cost the state exchequer Rs 36,000 crore. During the election campaign, Prime Minister Narendra Modi had promised that writing off farm loans would be among the foremost task of the BJP government in Uttar Pradesh. HOW ABOUT THIS? Dr.A.Jagadeesh Nellore(AP)
    Reply
    1. L
      Lovely
      Jun 22, 2017 at 8:26 pm
      The problem with farm loan waiver is that those who can pay are not paying.
      Reply
      1. L
        Lovely
        Jun 22, 2017 at 8:20 pm
        Naidu is 100 percent right. This waiver business was started by VP Singh. It was later on copied by various govts . Now tax payers will pay the price.
        Reply
        1. D
          dk
          Jun 22, 2017 at 8:17 pm
          And daily one new rules involving Aadhar is not a fashion. It is passion
          Reply
          1. K
            ksp
            Jun 22, 2017 at 5:49 pm
            There can be no disagreement that loan waiver has become a fashionable and compe ive trend. But who started this trend, is a different matter. Fashion per se is superfluous and luxurious which then catches a trend. In the recent memory it started with the inducement to voters in UP and as a consequence spread out to other parts of the country. Our dear politicians are clearly responsible for hastening this dangerous trend. We need to appreciate that the reasons for farming distress in different states are attributable to different causes. Instead of working for alleviating the farming class from such root causes our politicians are taking the easier and shorter route of loan waiver. Assuaging emotions on the surface rather than being practical and rooting out the factors causing distress.
            Reply
            1. A
              A Kumar
              Jun 22, 2017 at 5:03 pm
              The fashion is started by BJP in am attempt to win UP Election. then Maharashtra also wants to have loan waiver on farmer, again a BJP state. MP IS ALSO LOOKING FORWARD.
              Reply
              1. K
                kamal
                Jun 22, 2017 at 6:40 pm
                The fashion time has come RSS has also changed its dress. Modi ji has changed his jumle.... so naidu sees farmers reminder to BJP as fashion ....saawan ke andhe ko haraa hi haraa nazar aata hai
                Reply
              2. S
                Shahzad
                Jun 22, 2017 at 3:32 pm
                Third class comment from third rated politician - how much money you have made Mr. Venkaiah Naidu
                Reply
                1. R
                  Ramesh
                  Jun 22, 2017 at 3:25 pm
                  Government is preparing to waive Rs.51,000 Crore loan of Air India. Ambani's Rs.21,000 crore loan and Videocon's 12,000 crore loan are in red. Rs.1,50,000 crores of Public Sector Banks' loans have become NPA and will be eventually written off. If farmers asks for waiver of loan, he is ridiculed by ministers and media. They are silent about bad loans to corporates .
                  Reply
                  1. K
                    kamal
                    Jun 22, 2017 at 6:42 pm
                    NO SIR FARMER IS NOT ASKING FOR ANY THING ...FARMER IS JUST REMINDING BJP OF ITS PROMISE MADE SURING ELECTION SPEECHES BY OUR MODI MAHAN
                    Reply
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