The party said it would welcome loan waiver for farmers in Uttar Pradesh as promised by the BJP and the new Congress government in Punjab would fulfil its promise made to the state's farmers.
"We welcome the Prime Minister's decision to waive loans of farmers of Uttar Pradesh, but at the same time he should do so for the farming community in all states," Congress leader Pratap Singh Bajwa told reporters.
Bajwa said farm loan waiver is necessary for the farmers of Punjab who have been contributing the maximum to the central pool to feed millions of Indians for the last 70 years.
The Congress' Rajya Sabha MP claimed the Centre has earned Rs 2 lakh crore by imposing taxes on petroleum products despite importing crude oil at low price and said the government can afford to use that money for farm loan waiver.
He said, "We have promised to waive Rs 67,000 crore in Punjab. We will do that in the next five years."
Asked how Punjab, which was almost bankrupt, would manage the finances, Bajwa said, "Punjab is not bankrupt. The policies of the Akali government were bankrupt because everything was going into the pockets of the most corrupt government."
"Punjab would be back on its own feet within five years. The economy is coming back and we are committed to extending this loan waiver of Rs 67,000 crore," he said.
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