MP’s government announces interest waiver on certain agricultural loans

Madhya Pradesh Chief Minister Shivraj Singh Chouhan has announced that the state government will deposit in banks accrued interest on agricultural loans from farmers who have defaulted on their loans due to the cancellation promise made by the previous administration of Congress.

The opposition Congress, however, said the Chouhan government should waive the entire loan and not just the interest on agricultural loans.

Chouhan made the announcement on Tuesday as he addressed the farmers gathered in Bhopal under the aegis of the Bharatiya Kisan Sangh to put forward their various demands.

Speaking on the occasion, the CM said farmers’ land will not be acquired without their consent.

Apparently referring to Congress’ promise to exempt farm loans, Chouhan said many farmers became “defaulters” because the promises were not kept by the government (then run by Congress) which did not survived only 15 months.

The state government will deposit in the banks the interest component on the unpaid loans from those farmers (who failed to repay the loan due to Congress’ promise), he said.

Reacting to the CM’s statement, the Chairman of the Media Department of the Congress of Deputies Committee, K. K. Mishra said that the BJP government had accepted in the Assembly that the previous Congress government would waive the loans of 25 lakh farmers from worth Rs 110 Crore as part of the first installment.

He said if Chouhan really wants to help the farmers, he should give up the loan and not the interest.

(This story has not been edited by the Devdiscourse team and is auto-generated from a syndicated feed.)