Loan waiver: loan amount missing from some certificates

Image
Press Trust of India Mumbai
Last Updated : Oct 18 2017 | 9:42 PM IST
While the BJP-led Maharashtra government today released Rs 4,000 crore under the first phase of its Rs 34,000 crore farm loan waiver scheme, some farmers have got certificates which do not mention the amount waived.
Most certificates issued today mention the amount of farm loan that is being waived. But local news channels reported some cases where the amount is missing.
Dhondiba Laxman Patil and Santan Dumin Fernandes, farmers from Mugali village in Chandgad tehsil of Kolhapur district, have received certificates which don't mention the amount waived.
State officials were not available for comment on this lapse.
The government had organised functions in every district today to distribute waiver certificates to farmers.
Ajit Navale, a leader of farmers' agitation which led to the government conceding the demand of loan waiver, criticised the decision to implement the scheme in phases.
"With a few farmers getting benefit of the loan waiver, it gives hope to others that they too would get the benefit, and such farmers then become reluctant to confront the government (over delay)....this is a well-planned strategy," Navale said.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*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

More From This Section

First Published: Oct 18 2017 | 9:42 PM IST

Next Story