Farmers’ loans are not being waived, according to the government

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On Monday, the government stated that there is no plan under consideration to waive farmer loans, including those of Scheduled Caste and Scheduled Tribe farmers. Minister of State for Finance Bhagwat Karad stated in a written reply to the Lok Sabha that the Centre has not executed any farm debt waiver scheme since the ‘Agriculture Debt Waiver and Debt Relief Scheme (ADWDRS), 2008’.

“There is no proposal under consideration of the Government of India to waive off the loans of farmers including Scheduled Caste and Scheduled Tribes farmers in the country,” the minister said.

 Karad also outlined substantial steps undertaken by the government and the Reserve Bank of India to lower farmers’ debt burdens and to improve the welfare of agricultural workers, notably those from Scheduled Castes and Scheduled Tribes. He noted initiatives such as interest subvention for short-term crop loans of up to Rs 3 lakh, the RBI’s decision to increase the collateral-free agriculture loan limit from Rs 1 lakh to Rs 1.6 lakh, and direct income support of Rs 6,000 per year to farmers under Pradhan Mantri Kisan Samman Nidhi.

Story By: Norvisi Mawunyegah