Yogi Adityanath directs banks not to recover loans from farmers

Yogi Adityanath

Fearing Madhya Pradesh-like dissension among farmers in Uttar Pradesh over inordinate delay in loan waiver, the Yogi government has directed all banks not to issue recovery notices to 86 lakh small and marginal farmers in the state.

Holding a high-level meeting in this regard on Friday, Chief Minister Yogi Adityanath has assured all banks to make funds available after passing of his maiden 2017-18 budget. The CM has directed the finance department to make budgetary provision for the same in the budget.

He has also directed to constitute a committee in each district under DMs to ensure that farmers are properly briefed about the government’s loan waiver plan and to refrain the banks from issuing recovery notices. “It will be the responsibility of every DM to ensure that loan waiver certificates are personally handed over to each farmer,” he directed.

Adityanath has also directed all DMs to ensure opening of bank accounts of 86 small and marginal farmers identified under the scheme and link their Aadhaar cards with the same.

“My government is committed to the welfare of farmers. We plan to double their income within two years. The government has already waived their loans, guaranteed a record buying of wheat and potatoes, and provide them loans to increase their agricultural produce,” he said.

Waiving loans of farmers was one of the BJP’s main election promises during recently concluded assembly polls. After taking over, Yogi in his first Cabinet meeting had announced to waive loans up to Rs 1 lakh of 86 lakhs marginal and small farmers in the state.

Since then the government has been struggling to arrange funds to the tune of Rs 36,500 crore required to waive farmers’ loans. Centre and the RBI have already turned down the request of the Yogi government to make funds and loans available. Centre’s denial to release state funds till it submits expenditure details to funds allotted earlier has shocked the CM.



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