In Adityanath’s UP, loan waiver means writing off Rs 10 to Rs 500!

September 13, 2017, 11:10 am
In Adityanath’s UP, loan waiver means writing off  Rs 10 to Rs 500!
INDIA
INDIA
In Adityanath’s UP, loan waiver means writing off  Rs 10 to Rs 500!

In Adityanath’s UP, loan waiver means writing off Rs 10 to Rs 500!

There has never been a farm loan waiver like this. BJP govt in UP has now set a model for other states which are facing financial difficulties to emulate. They according to the newly laid out ‘UP model of farm loan waiver’ can announce farm loan waiver by giving a consolation of Rs 10, to Rs 500 to much of the distressed farmers. The UP govt soon after taking over the reins announced with much fanfare it loan waiver scheme

Farmers in several parts of the state were shocked to receive loan waiver certificates with amounts as low as Rs 10, Rs 215, Rs 350, and Rs 500 despite having debts around and over 50000. The much-hyped function to destitute the certificate was held with much fanfare and in the presence of ministers and BJP leaders.

The Minister for Labour and Employment Exchanges, Manohar Lal, handed over a loan waiver certificate of Rs 215.03 to Munni Lal from Umri village in Hamirpur. However, he had a debt of Rs 50,000 against which he had received a certificate of mere Rs 215.03.

Another farmer, Shanti, wife of Avadh Bihari of the same village was handed over a certificate of as little as Rs 10.37. Of the 45 farmers who were called on stage to receive the certificates from the minister on Monday, many complained of getting these ridiculous amounts in the name of loan waiver, The Tribune reported.

Yunus Khan, who had an unpaid loan of Rs 60,000, got a waiver certificate of just Rs 38.

According to the New Indian Express, only in the case of Shivpal, a farmer who had taken a loan Rs 93,000 for buying seeds and fertilisers, was the waiver of some value – Rs 20,271, though it is only a fraction of his debt and his expectation.

The ministers, however, tried to downplay the shocking apathy with excuses about presumed typing errors and faulty software.

“It might be due to some misprint in the certificate, the matter will be investigated and discrepancies will be corrected,” the minister said.

Notably, this is not the first time when loan waiver certificates of such low denominations were handed to the farmers. On 8 September, similar incidents were reported from Barabanki district, where certificates were distributed to 5,000 farmers, who had also complained of receiving waiver certificates of Rs 12 and 24.

At the first cabinet meeting of the BJP government in April, a Rs 36,359 crore proposal allowing waiver of loans for marginal and small farmers of the state was cleared.