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Punjab CM Amarinder Singh urges PM to waive farm loans

In another letter, Punjab CM Amarinder Singh urged PM Modi to advise the Union ministry of agriculture to effect suitable modifications in Pradhan Mantri Fasal Bima Yojna .

india Updated: Jun 06, 2019 07:51 IST
Press Trust of India
Press Trust of India
Chandigarh
Amarinder Singh,Punjab CM Amarinder Singh,farm loans
Punjab chief minister Amarinder Singh Wednesday urged Prime Minister Narendra Modi to waive off loans of distressed farmers at the national level.(File Photo)

Punjab chief minister Amarinder Singh Wednesday urged Prime Minister Narendra Modi to waive off loans of distressed farmers at the national level.

In a letter to Modi, the chief minister said that a one-time agriculture debt waiver for farmers was essential to reduce distress among the farming community and help in putting agriculture sector on a path of high growth trajectory.

“The government of India should bite the bullet once and for all,” Amarinder Singh wrote in the letter. It was widely acknowledged that most of these ‘anndaatas’ (growers) of the country were facing severe debt stress, as a result of which some of them had even taken the extreme step of ending their lives by committing suicides, the CM said. He also emphasised on the need to rectify the situation, not with slow and small measures but with carefully thought-out steps to mitigate their distress and improve their living conditions.

Though the recent initiatives of the central government, including financial assistance under PM-Kisan scheme, which provides income support of Rs 6,000 per year, and pension to farmers were praiseworthy, they may not be adequate to mitigate the prevailing economic distress on account of high indebtedness of the Punjab farmers, he said.

In another letter, the CM urged Modi to advise the Union ministry of agriculture to effect suitable modifications in Pradhan Mantri Fasal Bima Yojna .

Amarinder Singh said although the scheme was considered to be a step forward and better than the previous ones, there were several “lacunae”, which had resulted in its non-acceptance by Punjab’s farmers and its non-implementation in the state.

The CM suggested that the PMFBY should be made farm or plot based instead of area based, as was the case at present. He suggested that indemnity level at more than 90 % be allowed and be based on last year’s yield of affected and insured farmers.

First Published: Jun 05, 2019 23:35 IST