Uttar Pradesh waives farm loans, to shut some illegal abattoirs

Cheryl Sanders
April 5, 2017

Senior Samajwadi Party leader Shivpal Singh Yadav, who was sidelined in the party and government by nephew Akhilesh Yadav, met Uttar Pradesh Chief Minister Yogi Adityanath on Wednesday, fuelling speculation.

Even as the BJP's Uttar Pradesh government on Tuesday approved waiver of farm loans up to Rs 1 lakh thus fulfilling a major election promise, the Congress government in Punjab, which too had made a similar commitment, is still working on the details. The loan waiver will apply to all banks, including cooperative banks.

Rahul Gandhi said that though this is only "partial relief" but a step in the "right direction".

Promising to clear the dues of sugarcane farmers within 14 days, Adityanath announced five-six new sugar mills will be opened in the state over the next six months.

They have carried with them skulls - that they claim belong to their colleagues who committed suicide after failing to cope with the distress - dead snakes and live rats that they say are their only sustenance in the wake of the drought, the worst in the last 140 years.

In the run-up to Uttar Pradesh assembly polls, Prime Minister Narendra Modi had promised to waive the loan in first cabinet meeting in case BJP government is elected.

"The Central Govt must have a national response to the widespread distress and not discriminate among states", he tweeted. The Cabinet also approved the setting up of a sports stadium in Ghazipur. He said urban development minister Suresh Khanna will inspect the works soon.

Talking to media persons after cabinet meeting, Power Minister Srikant Sharma said that cabinet has chose to purchase 80 lakhs metric tons wheat during the current season and 5000 purchase centers will be opened for the objective. Above 36 crore rupees of financial burden will be on the public exchequer to meet out the decision ofwaving off the agro loans.

Bankers are already grappling with bad loans worth over Rs 9.5 lakh crore on their books mainly because of loan defaults by several large corporate houses. It would visit other states and study their industrial policies.

Apart from the loan waiver, the government will also form a three-member committee under deputy CM Keshav Prasad Maurya to look into the crisis faced by potato farmers.

Yogi Adityanath's decision is in line with the BJP's vision document "Sankalp Patra" released ahead of the Assembly elections.

Other reports by iNewsToday