Modi slams Cong on farm loan waiver promises, calls it pre-poll 'lollypop'

The PM was addressing a public meeting at Ghazipur district

Modi
Photo: Kamlesh Pednekar
Virendra Singh Rawat Lucknow
Last Updated : Dec 29 2018 | 3:23 PM IST
With the crucial 2019 Lok Sabha poll only a few months away, Prime Minister Narendra Modi on Saturday attacked the Congress over the party’s pre-poll loan waiver promises terming it as pre-election “lollypop” to beguile electorate for votes.

Referring to Karnataka, where the coalition of Congress and Janata Dal (Secular) is in power, Modi said “lakhs” of state farmers were promised farm loan waiver before the election, but later only 800 farmers could benefit under the scheme.

“This is how Congress, which formed the government in Karnataka by getting backdoor entry, deceives the farmers. Now, the police have been unleashed to recoup the loan,” he claimed adding actions based on short terms political goals cannot solve the country’s problems.

The PM was addressing a public meeting at Ghazipur district in the presence of union minister of state for railways and local Member of Parliament (MP) Manoj Sinha, UP governor Ram Nai, chief minister Yogi Adityanath among others.

Modi also mentioned the urea shortage and lathi-charge being faced by the farmers in Madhya Pradesh and Rajasthan to buttress his purported anti-farmer slug on Congress, which had recently wrested power from the Bharatiya Janata Party (BJP) in these states following state polls.

“The farmers in these states are now facing urea and fertiliser shortage and the black marketers are out in the open with the change of government,” he noted.

The PM made mention of the 2009 Lok Sabha, when Congress had retained power at the Centre, saying at that time, the agricultural loans totalled Rs 6 trillion pan-India, however, the Congress government only waived loans worth Rs 600 billion leaving most farmers high and dry.

“Later, the CAG report had claimed 3.5 million beneficiaries were either not eligible for the loan waiver or were not farmers in the first place. Other farmers were not given waiver certificates with the result that their loan accounts continued to add interest and they had to repay their principal loan amount with interest,” he said.

The recent spectre of loan waivers in Congress ruled states has put pressure on the Modi government to match the largesse ahead of the 2019 poll lest the farm distress add to its woes of anti-incumbency.

Recalling the achievements of his government, he said the Centre had hiked the minimum support price (MSP) of 22 important crops even as he mentioned that the work to integrate farmers with industry, food processing and warehousing for doubling the farm income was on.

Modi promised to make Purvanchal (eastern UP) as a healthcare hub in near future with new medical and health infrastructure, apart from cargo and transport infra.

He unveiled a commemorative postal stamp on Maharaj Suheldev, a pantheon of the backwards community. Later, Modi is scheduled to visit his parliamentary constituency of Varanasi.

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Next Story