Rajasthan to borrow 5,000 crore to waive farm loans
JAIPUR: The BJP go nment in Rajasthan, which had announced that it would start distributing loan-waiver certificates to farmers from Saturday, is struggling now to arrange for finances.
With an eye on mamum po itical gain from the loan waiver this ion year, the Vasundhara Raje go nment is all set to take a bank loan of Rs 5,000 crore. At a meeting presided over by chief minister Raje on Wednesday, the state cooperatives department was told to take a loan, for which the state go nment would provide guarantees.
Raje, during her last budget , had announced a one-time loan wavier of up to Rs 50,000 for small and marginal farmers along with a budgetary provision of Rs 2,000 crore. However, that amount is far from adequate. The burden on the state treasury due to the loan waiver to over 29 lakh farmers is expected to be close to Rs 8,000 crore.
“The state go nment had assured us to give the money in instalments of Rs 2,000 crore and has already given us the first tranche. We will now take a loan of Rs 5,000 crore from banks, for which the state will give guarantees,” said Ajay Singh Kilak, state cooperatives minister.
国家合作社部长Ajay Singh Kilak说，“邦政府已向我们保证，这笔200亿卢比将分期支付，并已给了我们第一笔款项。我们现在将从银行获得500亿卢比的贷款，国家将提供担保。”
Sources cmed that the go nment has failed to get the desired response from several banks it had approached. Nabard is not an option as it does not provide credit for loan waivers.
The cooperatives department is working overtime to arrange for the finances with the state go nment still falling short of Rs 1,000 crore. The pressure to fulfil the promise in an ion year is only adding to the challenges faced by the go nment. Giving in to that pressure, the Raje go nment has already announced to hold ca ps on May 26 and 28 at gramin sewa sehakari samitis across the state to start distribution of loan-waiver certificates to s farmers.
“On Saturday, 17,000 farmers would be handed over the certificates while on Monday, 16,500 farmers would be given the same. From June 1 onwards, ca ps would be held at village level. It may prove difficult as the go nment is not prepared,” said Kilak.
The burden on the state treasury due to the Raje govt’s loan-waiver plan to over 29 lakh farmers is expected to be Rs 8,000 crore.
Oswald Pereira-Dubai, United Arab Emira-5 hours ago
Dear BJP if you waive any more loans do it with the funds your recieves not with the tax payers money.
The Village Idiot
The Village Idiot-5 hours ago-Follow
Why is this not illegal?!!!!!
Swatant Shakti-5 hours ago-Follow
Build better water irrigation and water infrastructure!
Sachin Kumar Rath
Sachin-bhubaneswar-4 hours ago-Follow
all bjp andhe bhakt can u justify this decision. just before the ion govt is waiving loans.
Mady-5 hours ago-Follow
what the hell go nment is doing ...u can't come back in power
Presters-3 hours ago-Follow
Madamji if you had just done some good work over the years today you would not need to buy the farmers ve
Narendra Singh-4 hours ago-Follow
Its funny how some citizens now want bjp to not use taxpayers'' money to write-off farmers'' loans. They never made such demands when sonia was ruling ?
BindaasNeha-New Delhi-3 hours ago-Follow
Instead of making farming efficient, Chaupat Rajas distributing our GST tax money as if apne baap ka maal