Punjab CM Amarinder Singh announces crop loan waiver for small and marginal farmers

The decision comes in the wake of similar announcement made by the Uttar Pradesh and Maharashtra state governments in order to ease the burden of the distressed and debt-ridden farmers. 

By: Express Web Desk | New Delhi | Updated: June 19, 2017 9:31 pm
Punjab, Punjab farm loan waiver, Amarinder Singh, Punjab farmers, punjab crop loan waiver, maharashtra, uttar pradesh, congress, india news, indian express Punjab CM Amarinder Singh

Punjab Chief Minister Amarinder Singh on Monday announced a total waiver of entire crop loans of 8.75 lakh small and marginal farmers, reported news agency ANI. The decision comes in the wake of similar announcement made by the Uttar Pradesh and Maharashtra state governments in order to ease the burden of the distressed and debt-ridden farmers.

The state government announced total waiver of crop loans to the tune of Rs 2 lakh of small and marginal farmers as well as a flat Rs 2 lakh relief for all marginal farmers, irrespective of the loan amount. Speaking at the Assembly, the chief minister pointed out that the move would benefit 10.25 lakh farmers, including 8.75 lakh farmers up to 5 acres. He also said that the initiative would provide double the relief announced by the states of UP and Maharashtra. “It has also been decided to raise the ex-gratia for suicide affected families to Rs 5 lakh from the existing Rs 3 lakh,” he added.

He said the decision was based on the interim report of the Expert Group headed by eminent economist T Haque, which was entrusted with the task of suggesting ways and means to help the state’s distressed farming community.

Last week, Singh, while addressing the state assembly, had reiterated his government’s commitment to fulfill all election manifesto promises, including loan waiver and ‘kurki’ (auction of mortaged land) abolition for the distressed farmers of the state.

Reiterating the state government’s commitment to provide free power to farmers, Singh appealed to all big and well-to-do farmers of the state to give up power subsidy voluntarily.

With inputs from agencies

For all the latest India News, download Indian Express App

  1. K
    karaj singh
    Jun 20, 2017 at 4:51 pm
    Amrinder singh g private bank da v maaf karoge ja sirf coprate bank da kita
    1. S
      Jun 20, 2017 at 6:18 am
      This is hilarious! The man has no money in his pocket (Punjab state exchequer) and promised lakhs to the farmers. Loan-waiving trend is making freeloaders out of the hardworking farmers. Poor farmers may benefit, but rich farmers are milking the myopic policies of the governments - BJP and Congress alike.
      1. H
        Hanish Malhotra
        Jun 20, 2017 at 6:15 am
        I think that by increasing the suicide amount from rupees 3 lack to 5 lacs it has shown that the farmers who gets each and every time free electricity/ compensation for natural calamities still not happy by waiVing of farmers loan by the government. The loan should also be waived off all small category upto 2 lac as the Congress has won the punjab from the voters of these categories also.
        1. G
          Ganesh Pandey
          Jun 20, 2017 at 5:10 am
          Capt. Amarinder Singh has the potential to be a great Prime Minister of India. If Comngress gets rid of corrupt people and does not push one family on the people of India they can win with Capt. or Antony on top.
          1. P
            Jun 20, 2017 at 4:31 am
            Well said, farmer should change every habit of ways of doing farming, getting married, buying gold , not getting addicted to cigar, alcohol etc. pay scale committee head by the central govt watch regularly update pay of government employees, pension, easy loan housing , cars etc. if big corporate getting bail out on thousands of crore of loan which is handled by well educated and wealthy fellows, why government is shying away when it comes to limited resourceful and less educated farmers ??? If it is wrong then probably bailing out big corporate is also wrong.
            1. Y
              yash sehgal
              Jun 20, 2017 at 4:18 am
              A very dangerous trend among CMs to garner votes..it wud be apocalyptic in future.. All the farmers r not small farmers n honest..rather help them through other ways to fetch them good supportive price..anyway, CMs hv nothing to lose since it's public money which they use to get votes in future..
              1. A
                Jun 19, 2017 at 11:02 pm
                Debt by farmers is not only due to crop failure or MSP but to many other factors like small holdings, out dated farming methods and loans taken out for other purposes like educating children, marriage in the family and addiction to alcohol,drugs and gambling. Waivers are not the solution but root of the problem as every few years the farmers will agitate to debt waivers for new debts. Such waivers will have a very negative effect on the economy.
                1. M
                  madhusudan Bangalore
                  Jun 19, 2017 at 10:21 pm
                  The farmer loan waiver is the wrong precedent set up by different state and Central govt and has very far reaching implications in future when there will be total financial indiscipline in this country by waiving farmer's loan of banks. This will result in the very awkward situation and financial indiscipline faced by banks as they will not get loan recovered from farmers and others which will turn this country into total financial anarchy and indiscipline. All development activities will come to halt as there is no fund left for development activities. This is a suicidal step taken by BJP and other state govt to achieve short term gain in assembly elections which has led to serious problems for rest of other states all over the country. This is a serious warning to all parties who are giving freebies to people without judging b er of serious financial consequences done by them for getting short term gain in different elections. This must be stopped by all means.
                  1. M
                    Mahesh Joshi
                    Jun 20, 2017 at 4:23 am
                    central govt has clearly said that they will not bear any loan waivers. It s the state who have to take the burden, be it bjp ruled or any other party ruled.
                  2. Load More Comments