Ghaziabad: Small and marginal farmers get crop loan waiver worth ₹25.6 crore

The farmers had the option of opting for a waiver worth ₹1 lakh on loans pending since March 31, 2016

noida Updated: Sep 09, 2017 23:39 IST
HT Correspondent
HT Correspondent
Hindustan Times
Noida,Noida news,Ghaziabad news
According to officials, funds worth nearly ₹25.6 crore were released and credited to the loan account of small and marginal farmers.(Sakib Ali/HT)

The Ghaziabad district administration and Uttar Pradesh minister Suresh Khanna distributed loan waiver certificates to 3,302 small and marginal farmers during an event held at Kamla Nehru Nagar on Saturday. The loan waiver scheme was one of the prime pre poll promises made by the Bharatiya Janata Party (BJP) before the assembly elections in the state.

According to officials, funds worth nearly ₹25.6 crore were released and credited to the loan account of small and marginal farmers. Farmers expressed satisfaction claiming they could not get the funds for the damaged crops under the previous regime.

“The earlier crop damage compensation was mostly given to people close to politicians. I tried to get benefit earlier but was never considered for loan relief or waiver. I had a loan of ₹86,000 pending and an amount of ₹75,000 has been credited to my account. It will now be very easy for me to repay the remaining amount as I was in dire straits financially,” said Narendra Chaudhary, a farmer from Patla village in Modi Nagar.

Another farmer, Mohammad Haneef, is battlingfinancial crunch at a time his 22 year old son is stricken with cancer.

“All the money is going for his chemotherapy and other treatment expenses. I had nearly ₹1 lakh loan pending. However, ₹96,000 has now been waived. It has come as a relief to my family. I will now be able to divert money towards my son’s treatment without worryinng about arranging money for repaying my loan,” Haneef said.

State officials said that under the scheme, the farmers were offered a loan waiver of ₹1 lakh on loans pending since March 31, 2016.

“The crop loan waiver was given to small and marginal farmers who have agricultural land of up to two hectares. The amount has been credited to their loan account,” said MP Singh, district agricultural officer.

The farmers had arrived at the venue in nearly 75 buses arranged by the administration from UP Roadways and were also distributed food and water bottles. They arrived from several villages under three tehsils of Ghaziabad, Modi Nagar and Loni.

Read I Discoms enjoy much bigger bailouts than farm loan waiver in Uttar Pradesh

“The scheme will be of immense benefit to small and marginal farmers. We have given priority to those farmers in first phase where the loan accounts were linked to Adhaar cards. The other farmers should get their accounts linked at the earliest, so that they could be benefited in the second phase,” Khanna said.

First Published: Sep 09, 2017 23:38 IST