Loan Waiver

Recently Maharashtra govt announced loan waiver for farmers, after much agitation by opposition parties and even the alliance partner in govt, Shiv Sena supported the demand for loan waiver.When the govt announced the figure of Rs 34,000 crores as loan waiver amount, it was really shocking that such a huge amount is required to bail out farmers. It is known fact that the previous govt did nothing for 15 years to up lift the farmers, they neither took  any concrete steps regarding procurement price to be given  to farmers for their produce nor did any thing to improve irrigation. But for 15 years there were many irrigation scams, the investigations of those scams are continuing .I had a big apprehension about loan waiver because with poor farmers’ loans, the loans taken by rich farmers  and many politicians who proclaimed to be farmers will also be waived off.  I am glad that Phadnavis govt , as per today’s news reports, have taken ample protection so that rich farmers do not get any benefits of loan waiver schemes.

Some of the salient features announced by Maharashtra govt are as follows:

1. The scheme will not be applicable, if a person is paying income tax on the income from non agricultural sources.
2. Only one member per family will be entitled for loan waiver. Definition of the family is Husband, wife and minor children. If husband and wife have different accounts and both have outstanding loans than wife will be entitled.
3. Pensioners who get more than Rs 15,000 per month, except army jawans, will not be eligible for waiver.
4. State and Central govt, semi govt and govt aided employees except class IV employees too will not be eligible.
5. Zilla Parishad and Municipal Corporation members will also be non eligible. But Panchayat Samiti members can avail this benefit.
6. A person who has  gross income of more than Rs 3 lakhs(from other sources) and is registered to pay service tax will also be ineligible.
7. People registered to pay VAT and Service Tax with turn over of more than Rs 10 lakhs will also be ineligible.
8. Current and former Ministers, Lok Sabha & Rajya Sabha MPs, MLAs will also be not considered for loan waiver.
9. Chairman & Deputy Chairman of Co Op Societies like milk societies, district banks or chairman of APMC will also be not eligible for scheme.

Hats off to CM Devendra Phadnavis and his team to come out with this procedural  scheme to take loan waiver benefits.

I hope Yogi Adityanath govt  in UP will also have similar scheme. Knowing the attitude of SP and BSP leaders I do not how many bogus farmers and politically connected persons must have avail bank loans in last 20 years.

I expect big agitations from the so called rich farmers and politicians who proclaimed to be farmers,on the above matter. I am keeping my fingers crossed.

What you say my friends.

Awaiting for your feed backs and comments