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Modi may announce loan waivers to woo farmers after drubbing in state polls

Modi's Hindu nationalist BJP lost power to the opposition Congress in three big heartland states, where agriculture is still a mainstay

All India Kisan Sangharsh Coordination Committee (AIKSCC) members and farmers on Friday march towards Parliament from Ramlila Ground in New Delhi to press for their demands 	  PHOTO: DALIP KUMAR
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All India Kisan Sangharsh Coordination Committee (AIKSCC) members and farmers on Friday march towards Parliament from Ramlila Ground in New Delhi to press for their demands | Photo: Dalip Kumar

Reuters
Prime Minister Narendra Modi's government is likely to announce loan waivers worth billions of dollars to woo millions of farmers ahead of a general election, government sources said, after his ruling party suffered a rural drubbing in state polls.

Modi's Hindu nationalist Bharatiya Janata Party (BJP) lost power to the opposition Congress in three big heartland states, where agriculture is still a mainstay, according to vote counting on Tuesday.

To claw back support among India's 263 million farmers and their many millions of dependents, Modi's administration would soon start working out the details of a plan allocating money to write off farm