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Maharashtra to study UP model on farm loan waiver: Devendra Fadnavis

LiveMint logoLiveMint 05-04-2017 PTI

Mumbai: Maharashtra chief minister Devendra Fadnavis on Wednesday said the state government will study the Uttar Pradesh model of farm loan waiver worth Rs36,000 crore.

Speaking in the legislative assembly in Mumbai, where Shiv Sena and BJP members demanded that the state government announce a loan waiver for distressed farmers, Fadnavis said, “we will study how Uttar Pradesh will raise such a huge amount.”

The CM said he has directed the state finance secretary to study how UP goes about with the promised debt waiver. Referring to the high court directive in Tamil Nadu asking the state government to waive farm loans following a peasant protest, Fadnavis said, “decision of waiving farm loan is the prerogative of the government.”

Fadnavis also targeted the Opposition for staying away from the House proceedings saying they were roaming outside in name of ‘Sangharsh Yatra’. “But the Sena and BJP members’ sentiments regarding farm loan waiver are genuine and the state government is positive to it,” he added.

Also Read: Pressure on Fadnavis as Adityanath farm loan waiver gets Thackeray praise

Fadnavis said, “we have asked Centre for financial assistance. If we don’t get help from Centre, we are working on how a loan waiver (of Rs30,000 crore) can be granted.”

Earlier as soon as the House assembled after a three-day break and Speaker Haribhau Bagde called for the questions, Shiv Sena and BJP members were on their feet on the issue of farm loan waiver.

Shamburaje Desai (Shiv Sena) said recently two farmers committed suicide at Wadgaon in Satara district since they were debt-ridden.

“If Uttar Pradesh can make provision of Rs36,000 crore to waive off loan upto Rs1 lakh, why can’t Maharashtra. Our financial condition is better than Uttar Pradesh. UP chief minister did not wait for central government help,” he added.

Desai said Rs30,500-crore loan in Maharashtra should be waived off before the Budget session ends on 7 April. Subhash Sabne (Sena) said farmers in Parbhani are planning to go on strike from 1 June by stopping Kharif sowing..”If farmers strike and stop sowing, should we eat ‘dhatura’ (poisonous thorn apple),” he asked.

Ashish Deshmukh and Sanjay Kute (both BJP) said the state government should go for a loan waiver to ensure there is no burden on the financial condition of the state and continue the investment in agriculture sector.

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