Punjab CM Amarinder Singh announces partial crop loan waiver

Making the announcement during the ongoing budget session of the Assembly, Amarinder said the state government had also decided to waive off outstanding crop loans of farmers who committed suicide.

Written by Man Aman Singh Chhina | Chandigarh | Published:June 20, 2017 5:46 am
Punjab farmers, Punjab farmer debt, Punjab farm loan waiver, Punjab government on farm loan waiver, Punjab assembly ruckus, Captain Amarinder Singh Chandigarh: Punjab Chief Minister Amarinder Singh at a meeting with Home affairs and police department officials in Chandigarh on Friday. File/PTI Photo (PTI5_12_2017_000184A)

STOPPING short of the pre-poll promise of waiving farm loans entirely, Punjab Chief Minister Captain Amarinder Singh Monday announced waiver of crop loans up to Rs 2 lakh for farmers with land holdings up to five acres and a flat Rs 2 lakh relief for other marginal farmers, irrespective of their loan amounts.

Making the announcement during the ongoing budget session of the Assembly, Amarinder said the state government had also decided to waive off outstanding crop loans of farmers who committed suicide. It has also decided to raise the ex-gratia for families of farmers who committed suicide to Rs 5 lakh from Rs 3 lakh, he said.

Leader of Opposition H S Phoolka, however, expressed dissatisfaction with the “limited measure”. “Crop loan is just a small part of the loan that a farmer takes. It also entails loan taken for purchase of tractors, farm implements etc. The promise made was for complete loan waiver and not just crop loan waiver,” he said.

Speaking in the Assembly, Phoolka slammed Congress legislators for expressing happiness over the move, saying that “they did not understand its implications”.

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  1. R
    Rajesh
    Jun 20, 2017 at 1:25 pm
    Good step by CM Amrindar Singh, he is an exception in Congress. He should lead national politics to counter BJP. But currently either corrupt like Lalu, Mamta, Maya, Arvind Kejriwal are countering BJP or not able leaders like Rahul, Nitishetc are countering BJP
    Reply
    1. P
      Proud Bhakt
      Jun 20, 2017 at 12:32 pm
      Master stroke by Modi. All benami property should be confiscated and money should be used for loan mafi.
      Reply
      1. A
        akshay
        Jun 20, 2017 at 12:26 pm
        Can anyone tell us the name of the painter of the beautiful painting behind Amarinder Singh ? It depicts a scene from 18th-19th century India .
        Reply
        1. P
          Proud Bhakt
          Jun 20, 2017 at 11:35 am
          This is unacceptable . Only BJP Govts should be allowed to dole out farm loan waivers and interest SUBSIDIES , Otherwise if parties like Cong and others start to adopt this practice , it is a big Loot and waste of taxpayer and public money .
          Reply
          1. g
            guru592006
            Jun 20, 2017 at 1:20 pm
            When UP cm announced such relief Congress blamed the same calling it partial and half measure.
            Reply