Exclusive: Big loan waiver scheme for farmers, rs 1 lakh crore loan waiver plan

The government is all over the high number of farmers who are facing a loan waiver of up to Rs 1 lakh crore.

The Central Government is preparing to provide another major relief package to farmers. Experts point out that the Modi government can give farmers a massive loan waiver gift. It is reported that the government is going to announce a loan waiver of up to Rs 1 lakh crore for farmers. This loan waiver will be done in several phases.

Government sources suggest that the Central government is likely to announce a loan waiver of Rs 25,000 crore for farmers in the first phase. It will be a great relief for the farmers.

The country’s farmer was currently troubled by the lockdown caused by the first corona, now the locust attack from Pakistan has destroyed crops in the country on a large scale. At present, the farmers are hit by a double-digit nature.

The lockdown has led to a very low demand for fruits and vegetables, which has a direct bearing on the farmers. Prices of agricultural products have fallen by 30-40 per cent in the wholesale market. Onion and tomato growers are so bad of farmers lately. In the wholesale market, onions are running around Rs 500 per quintal, leaving the farmers unable to get the cost. Dit to tomatoes. Tomatoes are selling at Rs 10-15 a kg in retail markets in Delhi.

In view of this situation, the central government is going to take a loan waiver decision in favour of farmers.

The central government has been focusing on farmers since its inset. The target of doubling farmers’ income by 2022 is continuously being worked out.

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Earlier in the day, Aatmanirbhar Bharat Package had announced a rs 20 lakh crore relief package. A large part of this package was for farmers, farming and allied work. The package provided for additional emergency working capital funding of Rs 30,000 crore for farmers.

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