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Maharashtra government announces loan waiver

Updated: June 11th, 2017, 22:34 IST
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Mumbai, June 11: The Maharashtra government Sunday announced a loan waiver for farmers and decided to form a committee to decide the criteria of debt relief, after which cultivators called off their protests.

“The government has decided to waive farmers’ loans. The loans of farmers with small land holdings stand waived from Sunday itself,” Revenue Minister Chandrakant Patil said. Patil, who headed a high-powered committee set up by Chief Minister Devendra Fadnavis, was speaking to reporters after holding discussions with farmer leaders here Sunday. Farmer leader and Lok Sabha member Raju Shetti, who participated in the talks, said he was happy that their demands had been met. “Our issues have been resolved. We have decided to temporarily call off our agitation, including the dharna protests scheduled for Monday and day after. However, if no satisfactory decision is taken (on the criterion for loan waiver) by July 25, we will restart our stir,” Shetti said. It has been decided that farmers who are dependent only on farm produce will get the benefits of the waiver. Another farmer leader, Raghunathdada Patil, said the minister had assured them that “all loans” of farmers will be waived. “The atmosphere now is like Diwali celebrations. 100 per cent of our demands have been accepted,” he said. The ministers’ group has decided to restart fresh loan disbursal to farmers from Saturday, Raghunathdada said. “We are calling off the road and rail roko protests scheduled for Monday and June 13,” independent MLA Bachu Kadu said.
“However, if the decision taken Sunday is not implemented before July 24, the farmers will resume their agitation,” Kadu said. The revenue minister, asked if his announcement on farmers getting new loans from Sunday meant that the old ones would be restructured, said, “It is a simple banking  question.” 

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