Farm Loan  

MP CM Kamal Nath has dared Jyotiraditya Scindia to hit the streets as he had earlier threatened to do so if MP CM did not implement farm loan waiver.

Leader of opposition Gopal Bhargava also urged Speaker NP Prajapati to allow a discussion on July 11. The Speaker, however, turned down the demand and invited BJP legislators to his chamber to discuss the issue.

The Congress-JD(S) alliance partners called for a meeting to inform people about their achievements after the Karnataka government completed its one-year term. While Kumaraswamy said that farm loan waiver was one of their noted achievements, BJP quashed the chief minister's claims.

Money deposited in 14,000 accounts of farmers by the Karnataka government disappeared, much to the dismay and anger of the agriculturalists.

Money was withdrawn from at least 14,000 accounts of farmers, following which the Karnataka government has faced heavy criticism. In an attempt to rectify its mistake, the government is set to waive off loans in one go.

On June 11, several farmers in Karnataka complained that the farmer loan waiver amount reportedly disappeared from their accounts

The farmer loan waive off scheme's amount which was deposited in more than 13,000 farmers' accounts has reportedly disappeared from their accounts
 

Targeting and recovery are just two problematic aspects; solutions could lie in  direct benefit transfers
 

The Karnataka unit of BJP has alleged that the Kumaraswamy-led coalition government has diverted funds meant for development works and used it for election purposes

Sumalatha Ambareesh, who is taking on the son of the Karnataka chief minister Kumaraswamy in Mandya, alleged that a financial secretary met her husband Ambareesh and asked him to prevail upon him to recommend Kumaraswamy not to implement the farm loan waiver scheme, as, at that point in time, it was too unrealistic, owing to bankruptcy in the state treasury

 

Two categories of farmers will benefit if the loans are waived: marginal and small farmers. The average land holding of a marginal farmer in India is 2.37 acre whereas that of a small farmer in India is 8.67 acre

To send a message to its coalition partner Congress that the JD(S) may seek 12 out of 28 MP seats to contest in the Lok Sabha election, CM HD Kumaraswamy said that the JD(S) should win 12 seats to make its presence felt in Delhi. He also mentioned that, in February, the Government will announce a total farm loan waiver and come up with a new program that attempts to procure every crop that farmers grow. HDK said this at a JD(S) convention held today.

In yet another conversation with the press, Prime Minister Narendra Modi on Tuesday spoke to ANI, taking several tough questions and answering them with confidence. On the issue of farm loan waivers, the PM said the leniency was of little use to farmers who continue to face the same distress year after year.