MP govt announces interest waiver on select farm loans

NewsDrum Desk
22 Nov 2022

Bhopal, Nov 22 (PTI) Madhya Pradesh Chief Minister Shivraj Singh Chouhan on Tuesday announced the state government will deposit in banks the interest accrued on farm loans of cultivators who didn't repay their loans due to the write off promise made by the previous Congress administration.


The opposition Congress, however, said the Chouhan government should waive the entire loan and not just interest component on farm loans.

Chouhan made the announcement while addressing farmers gathered in Bhopal under the aegis of the Bharatiya Kisan Sangh to press for their various demands.

Speaking on the occasion, the CM said the land of farmers will not be acquired without their consent.


Apparently referring to the Congress promise of farm loan waiver, Chouhan said many cultivators became "defaulters" as promises were not fulfilled by the government (then led by Congress) that survived only for 15 month.

The state government will deposit in banks the interest component on the unpaid loans of such farmers (who didn't repay loan due to Congress promise), he said.

Reacting to the CM's statement, MP Congress Committee (MPCC) Media Department chairman KK Mishra said the BJP government had accepted in the Assembly that the previous Congress government had waived loans of 25 lakh farmers worth Rs 110 crore under the first instalment.

He said if Chouhan really wants to help farmers, he should waive the loan and not the interest. PTI ADU RSY RSY