54% say Modi govt should also waive off farm loans: BS social media polls

The UP government waived off farm loans worth Rs 36,000 cr

In keeping with its poll promises, Yogi Adityanath -led Uttar Pradesh government on Tuesday, announced its much touted farm loan waiver, estimated to benefit over 2.15 lakh small and marginal farmers in the state. The government waived off farm loans up to Rs 1 lakh. This decision is likely to cost the state exchequer Rs 36,359 crore— one of the highest-ever promised by a state. 

Of this, Rs 5,630 crore of NPAs, or non-performing assets, of 700,000 farmers will be immediately waived. This would not only enable these farmers to seek new loans, but also clean up the account books of the banks involved. According to the official data, there are 23 million farmers in UP, of whom about 92.5 per cent, or about 21.5 million, belong to the small and marginal segments. 
 

Following this decision of Adityanath, there were talks if Modi govt should also waive off farm loans? The Congress Party said that that what was being announced was far too less for the farmers of the state. Congress further said that the promise of waiving off farmers’ loans was made by Prime Minister Narendra Modi and now he is trying to get rid of it.

Business Standard conducted a poll on social media on this. The poll question was " Following the example of Yogi Adityanath govt, should the Modi govt also waive off farm loans?" 207 people responded to the poll. 54 per cent voted for 'Yes' while 46 per cent voted for 'No'. Check the poll here:

Today's @bsindia poll: Following the example of @myogiadityanath govt, should the Modi govt also waive off farm loans?

— Business Standard (@bsindia) April 5, 2017