BJP govt in Uttar Pradesh will waive farm loans: Radha Mohan Singh
- PNB fraud: ICAI obtains statement from senior bank official
- Andhra Pradesh govt signs 77 MoUs worth Rs31,546 crore at Partnership Summit
- Kia Motors to roll out first car from Anantapur plant by 2019
- Govt revokes passports of Nirav Modi and Mehul Choksi
- Warren Buffett warns investors that safe-looking bonds can be risky
New Delhi: The Bharatiya Janata Party (BJP) government in Uttar Pradesh will waive off loans of small and marginal farmers as has been promised in party’s state election manifesto for the recent assembly polls, agriculture minister Radha Mohan Singh said.
He said the centre will welcome if more states come forward to waive such loans. “During the election campaign in Uttar Pradesh, BJP had promised farm loan waiver in its state unit manifesto if it will come to power in the state,” he said intervening in a debate in the Lok Sabha.
He said there are many other states where if the centre provides 3% interest subvention, the state government gives 4% loan so as to sanction the loan at zero interest rate.
“Similarly if any state waives off small and marginal farmers’ loans, we should welcome it,” he said. “I want to clarify that BJP has mentioned this in its state unit election manifesto, not in the manifesto for the Lok Sabha elections,” Singh said.