Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 148]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]
LATEST NEWS UPDATES | BJP's Karnataka pledge may trigger loan waiver demand in other states -Sayantan Bera

BJP's Karnataka pledge may trigger loan waiver demand in other states -Sayantan Bera

Share this article Share this article
published Published on May 7, 2018   modified Modified on May 7, 2018
-Livemint.com

Loan waiver promises fell short of farmers’ expectations in states like Uttar Pradesh, Maharashtra and Punjab

New Delhi:
The Bharatiya Janta Party’s (BJP’s) poll promise in Karnataka to waive off farm loans is likely to intensify demands for a similar waiver in other states such as Madhya Pradesh, Chhattisgarh and Rajasthan which go to polls this year.

In February last year, Prime Minister Narendra Modi had promised to waive off farm loans in the very first cabinet meeting if voted to power in Uttar Pradesh, similar to the promise made on 4 May in BJP’s election manifesto for the Karnataka elections. BJP won the Uttar Pradesh polls with a thumping majority. However, the promise the party had made to waive off farm loans intensified protests by farmers across India for similar waivers.

Following protests by farmers across the state, the Maharashtra government was forced to announce a Rs34,022 crore loan waiver scheme in June 2017. This was followed by Punjab and a partial waiver of cooperative loans by the Karnataka government the same month.

“The promise of a crop loan waiver is the easiest path taken by political parties to win elections, but past experience shows that delivery often falls short of promises made,” said Ashok Gulati, agriculture chair professor at the Delhi-based Indian Council for Research on International Economic Relations.

The recent experience has not been rosy. Compared to what the Maharashtra government announced, till the end of March 2018, farmers received just Rs14,500 crore in their loan accounts. Uttar Pradesh, which announced a Rs36,359 crore package in April last year, has disbursed about Rs21,000 crore so far.

Please click here to read more.

Livemint.com, 7 May, 2018, https://www.livemint.com/Politics/PGcq2J3QUSM8paOdMMRhiM/BJPs-Karnataka-pledge-may-trigger-loan-waiver-demand-in-oth.html


Related Articles

 

Write Comments

Your email address will not be published. Required fields are marked *

*

Video Archives

Archives

share on Facebook
Twitter
RSS
Feedback
Read Later

Contact Form

Please enter security code
      Close