Connect with us

Hi, what are you looking for?

Political Mirror

Politics

Rahul Gandhi writes to FM seeking relief to farmers on repayment of crop loans

NEW DELHI: Congress leader Rahul Gandhi on Thursday wrote to Finance Minister Nirmala Sitharaman urging her to extend the moratorium on repayment of short-term.crop loans by farmers to December 31, 2021.

Gandhi also sought waiver of all penal interest on such loans.

He highlighted that farmers across the country are facing acute financial distress due to the pandemic.

The former Congress chief said his parliamentary constituency Wayanad in Kerala is home to a significant number of small and marginal farmers growing cash crops.

He said large parts of Kerala were devastated by two consecutive years of flooding in 2018 and 2019.

“Just as the farmers were on their road to recovery, the Covid pandemic struck. This has severely heightened agrarian distress. Currently, farmers avail short-term crop loans at a concessional rate under the interest subvention scheme.

“However, factors including multiple lockdowns, disruptions in the supply chain and limited market access have severely affected farm incomes,” he said.

Gandhi said that mounting debt coupled with future economic uncertainty has affected the ability of farmers to repay their loan on time.

He said he has been receiving representations requesting for a moratorium on repayment of short-term crop loans from individuals and organisations in my constituency.

“Crores of farmers across India are similarly placed. In this backdrop, I request your kind intervention in extending the moratorium on repayment of short-term crop loans till December 31, 2021 and waive all penal interest,” Gandhi said.

Source: Press Trust of India

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

BJP

RAIPUR: Senior BJP leader and the tribal face of the party, Vishnu Deo Sai, on Wednesday took oath as the Chief Minister of Chhattisgarh,...

AAP

NEW DELHI: The AAP has called a meeting of its Political Affairs Committee on Tuesday to discuss the party’s probable candidates for the upcoming...

GOVERNMENTS

BHOPAL: Mohan Yadav, the BJP legislature party leader and MLA from Ujjain South, was sworn in as the chief minister of Madhya Pradesh here...

GOVERNMENTS

RANCHI: Jharkhand Chief Minister Champai Soren on Friday allotted portfolios to ministers, keeping key departments like home and personnel, for himself in addition to...

SP

LUCKNOW: Samajwadi Party (SP) has stepped up its electioneering ground work in Azamgarh as it eyes to wrest the Lok Sabha seat which it...