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Commotions with CMs agriculture loan waive off
Posted on: 28/May/2016 4:35:14 PM
It was announced that the pending agricultural loans of micro and small scale farmers worth Rs 5,780 crore with co-operative banks will be waived off. However, sources from the co-operative banks have now stated that a sum of Rs 2 crore will only be cancelled and not the remaining amount.
Chief Minister J. Jayalalitha signature in this scheme right on the very first day of taking position. This will impose a charge of Rs 5780 on the government of Tamil Nadu. This is merely eyewash, say opposing parties including PMK.
Now, the co-operative banks have announced that a sum of Rs 2 crore can only be waived off by the state government. Sources from these banks say farmers who have less than 2 acres of land are micro scale farmers and those with land above 2 acres are small scale farmers. Those who have got more than 5 acres of land are large scale farmers. The scheme announced by the Tamil Nadu government is also applicable for large scale farmers.
The sum of Rs 5,780 is the total amount of all pending debts by farmers. However, the average of larger scale farmers is higher than those of small and micro scale farmers.
For instance, the pending debts in Ramanathapuram is Rs 160 crore. It is RS 102 crore in Sivagangai. However, in both the districts, the total sum of debts by micro and small scale farmers is Rs 75 and Rs 62 crore respectively. Summing up the debts of such micro and small scale farmers across the state, the total due falls to be Rs 2 crore. The rest of the debts will not be waived off.
Farmers are however unaware of this. This being the case, without having enough understanding about government’s announcement, opposition parties have started requesting for waiving off debts with public sector banks.
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