Was referring to ‘fashion’ of parties seeking loan waiver: Venkaiah Naidu

Stating that waiver of farm loans alone was not the solution to farmers' distress, Naidu said it could be a temporarily solution, that too in distress or extreme situations. Naidu said the political parties should focus on "long-term solutions".

By: PTI | New Delhi | Published: June 22, 2017 7:29 pm
Venkaiah Naidu, farmer loan waiver, loan waiver, naidu comment Union minister M Venkaiah Naidu (Source: File)

Under attack for his remark that seeking agriculture loan waiver has become a “fashion”, Union minister M Venkaiah Naidu on Thursday clarified that he was referring to the “fashion of political parties” competing with each other to ask for debt relief. “Today, it is the fashion of political parties to ask for loan waiver. When I was talking in Mumbai (earlier today), I was referring to the approach of political parties which are competing with each other, asking for waiver of loans,” Naidu told reporters here.

Stating that waiver of farm loans alone was not the solution to farmers’ distress, Naidu said it could be a temporarily solution, that too in distress or extreme situations. Naidu said the political parties should focus on “long-term solutions” such as improving infrastructure, rural roads, assured power supply, provisions of cold storage and godowns and providing affordable and timely cheap credit to farmers, besides providing market facilities for their produce.

“We have to take care for these measures. We have not done it in so many years after Independence,” he said. Naidu said political parties should focus on bringing in structural policy changes, instead of adopting short-term measures such as loan waiver.

Listing out various initiatives, he said the Modi government had taken a number of steps to improve the situation of farmers and referred to Comprehensive Crop Insurance Scheme, Soil Health Card and Pradhan Mantri Krishi Sinchai Yojana.

Naidu said it was “surprising” that political parties which were in power for years and “did nothing” for farmers, are trying to blame this government for the farmers’ plight.

Earlier in Mumbai, Naidu had said at an event that seeking loan waivers had become a “fashion” now but it was not the final solution and should be considered in extreme situations.

The Aam Aadmi Party and the CPI(M) attacked him for his comment that seeking loan waivers had become a “fashion”. While AAP chief Arvind Kejriwal said the comment exposed his bias towards the rich, CPI(M) general secretary Sitaram Yechury asked if the government would now term farmer suicides “fashionable”.

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    1. B
      Jun 22, 2017 at 9:15 pm
      shamless heartless politician - should read : indianexpress /article/india/unable-to-buy-books-uniform-indebted-farmers-son-kills-self-4717200/
      1. madhusudan Bangalore
        Jun 22, 2017 at 8:36 pm
        None of the Indian politicians are sincere and honest in solving poverty and backwardness of poor farmers. All politicians are fooling farmers for votes and thereafter they leave farmers in the lurch. This story is repeated time again in last 70 years. SO FARMERS MUST STOP VOTING TO POLITICAL PARTIES WHO ARE FOOLING THEM AND ARE NOT SOLVING BURNING PROBLEMS IN PERMANENT MANNER. 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 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.