Centre's stimulus package to revive economy a rude shock: Mallikarjun Kharge

Congress leader Mallikarjun Kharge termed on Monday the Centre's stimulus package to revive the economy hit by COVID-19 a "rude shock" and urged it to instruct banks not to initiate insolvency and bankruptcy proceedings against farmers unable to repay loans.

He said the government should ensure that farmers don't fall into the clutches of local money lenders because the banks are hesitating to give them fresh loans.

Kharge alleged that in the name of agriculture reforms, the government was "happy to allow private traders into agricultural produce and livestock market committees (APMCs). In a statement, he also said, "In the name of land reforms, it wants industrialists selling and buying farmers' land."
He said the government needed to revive the economy by reviving supply, demand and credit cycle with its financial package. "Instead, the economic package doesn't just prove the government is insincere but has failed on all fronts."