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Farmers threaten stir for waiver of all farm loans

Press Trust of India  |  Bengaluru 

A farmers' organisation has threatened to stage an agitation here on Monday seeking waiver of all farm loans to the tune of Rs 1.20 crore.

"If the demand is not met, there would be a mega stir at Haveri on July 21," Rajya Raitha Sangha said in a press release.

"The Chief Minister, who had promised to waive all the farm loans, has imposed many conditions and agreed to give relief only for the crop loan.

We demand that government write off all the farm loans and give the farmers price for their crops as recommended by Dr in his report," he said.

Later, talking to PTI, he said the government has not considered the plight of big farmers who took huge loans.

"Is the government aware of the plight of big farmers who grow huge quantity of crops taking loans from banks, and suddenly the prices crash.

The government cannot reduce the scope of the scheme by putting in number of conditions. It has to waive Rs 1.20 crore," he added.

In the maiden budget of the JDS-coalition government, presented in the assembly on July 5, the government has earmarked Rs 34,000 crore for the farm loan waiver, a key pre-poll promise of H D Kumaraswamy.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, July 07 2018. 21:55 IST