India - Farmers urge CM to waive crop loans

17.02.2017 124 views
In the wake of severe drought prevailing in 160 out of 176 taluks in the State, farmers have urged the State government to waive crop loans borrowed from cooperatives and nationalised banks. Representatives of farmers, who participated in a pre-budget meeting here on Thursday, urged Chief Minister Siddaramaiah to waive the full amount borrowed by farmers since they incurred huge loss owing to drought during kharif and rabi seasons. Crop loss The crop loss in two seasons has been estimated at Rs. 27,000 crore. Nearly 55 lakh farmers borrowed loans, including 23 lakh from cooperatives. The Chief Minister said the government was ready to waive 50% of the crop loans if the Centre agreed to waive the remaining amount. Source - http://www.thehindu.com
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