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Farmer suicides: Amarinder urges Modi for one-time debt waiver

IANS  |  Chandigarh 

Expressing serious concern over the deteriorating condition of the farmers and the unabated suicides, on Thursday urged to announce a one-time debt relief to mitigate the miseries of the farming community.

In a letter to the Prime Minister, the sought immediate intervention of the Government of to avoid any socio-economic unrest in the rural areas.

"Despite repeated requests from the for a national-level debt waiver scheme for farmers, the response so far has not been encouraging," the pointed out in the letter, urging for a one-time relief to farmers.

"With continued debt stress, the number of farmers' suicides is increasing and there is a widespread resentment among them. There is a need for immediate attention to the issue by the Central government," he said in the letter.

Amarinder requested that the issue of agriculture loan waiver at national-level be considered on priority, to reduce the miseries of farmers, thereby making agricultural sector more resilient and the economy more resurgent.

said the government, on its part, had decided to provide an institutional loan waiver of Rs 2 lakh to all the marginal and small farmers, having availed loan up to Rs 2 lakh.

This, he said, would provide a relief of total debt waiver of approximately Rs 9,500 crore to 8.75 lakh farmers having about 10.21 lakh crop loan accounts.

"So far, an amount of Rs 999.67 crore has been disbursed as relief to 2.02 lakh farmers," he added.

Citing the contribution of the farmers of to the national food security campaign, said they had raised productivity and production of wheat and rice in a record time during the 'Green Revolution', saving the country from hunger and the deprivation of a large segment of its population.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, May 17 2018. 20:42 IST
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