8 states. ₹1.9 trillion. It’s raining farm loan waivers, but are farmers really gaining?
Eight states have announced farm loan waivers worth 1.9 trillion. Rahul Gandhi has promised a nationwide farm loan waiver if the Congress is voted to power in 2019.
New Delhi: Eight state governments have given farm loan waivers worth ₹ 1.9 trillion since April last year, amid massive farmer protests and promises made ahead of the recently concluded assembly elections in five states. It all began with Prime Minister Narendra Modi promising debt relief to farmers ahead of the Uttar Pradesh elections in February 2017.