Business Standard

Loan waiver: Cong wants to revive scheme in which CAG punched many holes

While ADVVDRS was hailed as a key reason for UPA's return to power in 2009, the scheme itself later drew flak for its flaws, with CAG finding many of the accounts ineligible for waiver or relief

farmers, agriculture
Premium

Sanjeeb Mukherjee New Delhi
In order to help the country’s small and marginal farmers, the Congress party has promised to bring a nationwide loan waiver scheme on the lines of its 2009 programme, should the party be voted to power in the 2019 general elections. The programme being referred to is the one that was found to be riddled with a lot of discrepancies and irregularities

The Agriculture Debt Waiver and Debt Relief Scheme (ADVVDRS), announced by the Congress-led United Progressive Alliance (UPA) government of the day in 2008, was estimated to benefit around 38.8 million farmers with either debt relief or debt waivers

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in