Farm Loan Waiver

How election promises of farm loan waivers hurt India's banking sector

Many bankers are complaining about deteriorating credit culture. The villain is farm loan waivers, often a promise of political parties ahead of elections

Workers, farmer bodies to protest on Feb 16 for MSP hike, scrap labour code

The SKM is an umbrella body of various farm unions, while the joint platform of trade unions consists of the central unions and sectoral worker unions

Gujarat polls: Rahul promises farm loan waiver, LPG cylinder at Rs 500

Congress leader Rahul Gandhi on Monday promised loan waiver of up to Rs 3 lakh to farmers in Gujarat, LPG cylinder at Rs 500 instead of the current price of Rs 1,000, free electricity to farmers and up to 300 units of free power to general consumers if his party comes to power in the state. Addressing the 'Parivartan Sankalp Rally' in Ahmedabad, Gandhi made a promises for people of Gujarat, where the Assembly polls are due later this year, including creation of 10 lakh new jobs, building 3,000 English medium schools and free education to girls. "The BJP government here will waive loans of top industrialists, but have you ever heard that they have waived loans of farmers?" Gandhi asked. "I promise to waive loans of up to Rs 3 lakh of each farmer after we come to power in Gujarat, he said.

States need to reset spending, cut freebies: SBI advisor's report

'Clearly, states seem to be currently living beyond their means and it is imperative that states rationalise their spending priorities in accordance with revenue receipts,' Ghosh said

Govts should think beyond loan waivers, says VP Venkaiah Naidu

Vice President M Venkaiah Naidu on Wednesday underlined the need for "much-needed" reforms in agriculture sector to improve the status of farmers and asked the governments to think beyond loan waivers

Tamil Nadu government announces waiver of crop loans worth Rs 12,110 crore

Assembly elections are likely in April or early May in Tamil Nadu

TN govt announces loan waiver for over 1.6 mn farmers worth Rs 12,110 cr

Targeting the opposition DMK, he said the party had promised two acres of land, but failed to implement

Maharashtra budget allocates Rs 7,000 crore for farm loan waiver scheme

So far, a sum of Rs 9,035 crore has been transferred to the accounts of farmers, Pawar told the Assembly.

The price India is paying for the largesse doled out by Centre and states

Irrespective of which among the two is more extravagant, it is the country's GDP growth and its rating that take a beating

Budget 2020: Congress seeks national farm loan waiver, minimum wage scheme

Chavan said the government must tell by how much income of farmers has increased in the last five years, as part of its promise of doubling their income by 2022

Maharashtra farmers with crop loan over Rs 200,000 ineligible for waiver

This loan waiver comes over two years after the Rs 34,000 crore loan waiver announced by the then BJP-Sena government in 2017

At 43%, farm loan waiver bags lion's share in Maharashtra subsidy: CAG

Expenditure over subsidy was Rs 20,984 crore in 2016-17, which increased by 62 per cent to Rs 33,894 crore, the CAG report said

Perils of loan waivers

Waiving farm loans has led to higher NPA in agriculture

Technical flaws in Chhattisgarh's Terror Zone fetter farm loan waivers

In Bastar, farmers had outstandings of Rs 585 cr in agriculture loans of which Rs 285 cr could not be waived off

Cabinet may soon approve relief package for farmers to boost their income

Agriculture Minister Radha Mohan Singh had recently indicated that the government would announce an agriculture package before the 2019-20 Budget, to be presented on February 1

Govt will announce package to boost farmers' income soon: Minister

The minister, however, did not clarify whether the relief package would be part of the upcoming Budget on February 1 or it will be announced before that

Madhya Pradesh farmer gets Rs 13 instead of Rs 24,000 as loan waiver

The government, on the other hand, said flaws are rising due to irregularities at the stage of loan disbursal

Modi govt considering paying farmers cash instead of subsidies: Report

The govt, which has already exceeded the annual budget deficit target, has little room for spending in the current year

Confident farm income will double in FY23 from 2015-16 levels: Ashok Dalwai

In a Q&A, Chairman of the Doubling Farmers Income panel claims the goal is achievable as there is huge potential to reduce food wastage and improve prices via an efficient market structure

Will clear Rs 46,000-cr farm loan 'completely' in budget: Kumaraswamy

The farm loan waiver scheme would be implemented in one stroke with required allocation in the budget instead of completing the process in four stages as was planned earlier