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LATEST NEWS UPDATES | Punjab farmers find no solace in farm loan waiver -Sayantan Bera

Punjab farmers find no solace in farm loan waiver -Sayantan Bera

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published Published on Dec 24, 2018   modified Modified on Dec 24, 2018
-Livemint.com

The farm loan waiver terms make little sense in Punjab where average landholding is over three times the national average

Patiala/ New Delhi:
All that Jagdeep Singh wants is a few hours of peaceful sleep. The 24-year-old from Sangatpura village in Punjab’s Patiala district had no clue that the morning of 11 December would change his life forever. At six in the morning that day, he woke up to the sudden death of his 45-year-old father, a farmer and village head, who drank pesticide while his mother was getting the tea ready. The father had run up a debt of ?40 lakh following several years of losses in farming and dairy businesses, and a failed attempt to find Singh a job in Dubai, which cost nearly ?14 lakh.

Singh, who holds a master’s degree in history, returned from Dubai after a 11-month wait to find a driver’s job and took to farming. He now gets up at four in the morning. The nights go by worrying how the family land mortgaged to banks can be freed. After a hard day’s work tending to the cattle and the wheat crop, his eyes swell up by evening. Singh repeatedly grasps his hair while speaking. “I am hoping my (younger) brother will find a job… but that may not be enough to pay back the arthiya (commission agents in wholesale markets who advance credit to farmers).”

Since April last year, eight state governments, including Punjab, have announced a staggering ?1.9 trillion in farm loan waivers. However, no relief has reached the Singh family so far. In June 2017, the newly elected Punjab government led by Amarinder Singh of the Congress approved a farm loan waiver package estimated to cost ?10,000 crore. However, a year and a half later, just a fraction of farmers has benefited because of the strict conditions put up by the state.

Exactly a week after the death of Singh’s father, on 18 December, Congress president Rahul Gandhi upped the ante against Prime Minister Narendra Modi. Gandhi said he would not let Modi sleep till the centre announced a nationwide farm loan waiver. Gandhi cited the example of newly-elected state governments led by the Congress in Madhya Pradesh and Chhattisgarh, which signed on farm loan waiver schemes within hours of taking charge, in line with the party’s pre-poll promise, and said that the Congress would announce a national farm loan waiver scheme if the party were voted to power in the 2019 Lok Sabha elections.

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Livemint.com, 24 December, 2018, https://www.livemint.com/Politics/8SzF3qtBCbJWo6DboaXRNK/Punjab-farmers-find-no-solace-in-farm-loan-waiver.html


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