Odisha soon will think of waiving agricultural loans of farmers: CM Naveen Patnaik
 Source : News Bharati English  Date : 06-Apr-2017

Bhubaneswar, April 6: After taking the examples from Uttar Pradesh and West Bengal government, now the Odisha government will explore the proposal to waive agricultural loans of farmers in the state. Chief Minister Naveen Patnaik said that the government will examine and think about waiving the farmers’ loan after reviewing meeting.
In Odisha more than Rs 19,000 crore farm loan is due from nearly 34 lakh farmers, an officer said. Out of this Rs 12,000 crore is owed to different cooperative banks and nearly Rs 7,000 crore to commercial banks. In Odisha, nearly 62% people of the total population depend on agriculture. According to the National Crime Records Bureau report, over 1895 farmers committed suicide in the state between 2005 and 2014.

“We’ll certainly examine the proposal for waiving farm loan,” Patnaik told reporters after a review meeting of party functionaries. Agriculture Minister Pradeep Maharathy said “the state government has been contemplating waiving farm loans. The matter will be decided soon.”

The issue was raised in the meeting as the farmers in Odisha were too poor and frequently faced calamities like drought, floods and cyclones. Stating that the BJD government is all out to support the farmers, Maharathy said that the state government had already been providing subsidy on purchase of power tillers and tractors.