Yogi Adityanath Waived Off Rs. 30729 cores of farmer loans As Promised

Tuesday, 11 Apr, 2017

But BJP chief Amit Shah tweeted: "Congratulation to Yogi Adityanath and cabinet for historic decision of loan waiver of 2.15 crore small and marginal farmers".

"Especially in states like Punjab and Maharashtra and Tamil Nadu the farmer loan should be waived off". This would cost the exchequer an additional Rs 5,630 crore.

"I would like to congratulate Yogi Adityanath Government for taking such a great initiative for farmers".

State Agriculture Minister Surya Pratap Shahi has said that a proposal has been prepared for loan waiver of farmers and it will be presented before the Cabinet at its first meeting. After the farm-loan waiver now the opposition parties are set to corner Yogi government on paying dues of sugarcane farmers. That was not what was promised to the farmers.

The new chief minister's task is cut out because crop loans during the last four years in Uttar Pradesh amount to a whopping ₹2.5 lakh crore. Rural indebtedness in Punjab is estimated at Rs 80,000 crore, of which Rs 70,000 crore is the loans taken by farmers from banks.

The decision will be benefitting 2 crore 15 lakh farmers of the state.

First UP Cabinet Meeting Today, Will CM Yogi Adityanath Waiver Farm Loans?
The decisions were passed in the first cabinet meeting called by the Chief Minister after he assumed office two weeks ago. Keeping 67% of the farmers out of the waiver, said critics, was not even close to what the Prime Minister had held out.

Shiv Sena leader Sanjay Raut told ANI said the admirable step taken by the Uttar Pradesh Chief Minister should be emulated by others too.

Singh said Fiscal Responsibility and Budget Management Act mandated that no state can allow its fiscal deficit to grow beyond three per cent of its gross domestic product.

The announcement came in the first Cabinet meeting of the new Yogi Adityanath government held on Tuesday.

Srikant Sharma, the power minister who jointly addressed the news conference with Singh, said the cabinet had also chose to continue with the anti-Romeo squad. "The innocent would not be harassed and the guilty must not be spared", Sharma said.

The Cabinet chose to set up 7,000 wheat purchase centres and added a sum of Rs 10 per quintal as transportation charges, payable to farmers on the minimum support price. The members of the group would be nominated by the chief minister. He is bound by Prime Minister Narendra Modi's promise at a public rally during the election campaign.