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Noida: Farmers in UP to be issued loan waiver certificates

Farmers will get loan waiver certificates in special camps at the district, tehsil and block development headquarters

noida Updated: Jun 22, 2017 23:12 IST
Preety Acharya
Preety Acharya
Hindustan Times
Noida,Gautam Budh Nagar,Jewar
Around 92.5% of the state’s farmers fall in the small and medium categories whose loans of up to Rs.1 lakh have been waived.(Burhaan Kinu/HT File)

The state government has decided to issue loan waiver certificates to around 87 lakh farmers after the budget session in July. Chief minister Yogi Adityanath recently held a meeting with senior bureaucrats and bankers of the state in Gorakhpur where it was decided to provide these certificates.

According to sources, the decision has been taken to reduce confusion among farmers on whether their loans have been waived off or not.

Sources added that special camps will be held at the district, tehsil and block development headquarters where certificates will be handed over through local MLAs and senior government officials. “The process has already begun with collection of data on farmers and their loans. Farmers falling under the loan waiver policy will get the certificates. This initiative will reduce farmers’ harassment by banks,” said Dhirendra Singh, MLA, Jewar.

However, Gautam Budh Nagar district magistrate BN Singh said he is yet to receive an order in this regard. “Once we are informed about the loan waiver certificate distribution, we will follow the prescribed procedure,” he said.

The process of distributing certificates is supposed to start after the budget session ends in July. “Farmers have been harassed by banks following back-to-back notices, but now this problem will be resolved. A lot of farmers were confused whether or not their loans will be waived off. The CM has asked for farmers’ issues to be addressed on priority,” added Singh.

Following up on a pre-poll promise, the BJP-led government state government has decided to waive off crop loans of upto Rs 1lakh for small and marginal farmers. Around 92.5% of the state’s farmers fall in these two categories. Besides this, the cabinet also decided to write off Rs5,630crore in non-performing assets (NPAs) of 7,00,000 farmers. The twin waivers will together cost the state government Rs36,359 crore.

First Published: Jun 22, 2017 23:12 IST