The government on Monday said there is no proposal under consideration to waive loans of farmers, including Scheduled Caste and Scheduled Tribe farmers.
In a written reply to the Lok Sabha, Minister of State for Finance Bhagwat Karad said the Centre has not implemented any farm loan waiver scheme since ''Agriculture Debt Waiver and Debt Relief Scheme (ADWDRS), 2008''.
"There is no proposal under consideration of the Government of India to waive off the loans of farmers including Scheduled Caste and Scheduled Tribes farmers in the country," the Minister said.
Mr Karad also listed major initiatives taken by the government and the Reserve Bank of India to reduce the debt burden of farmers and for welfare of the people engaged in agriculture, including those belonging to Scheduled Castes and Scheduled Tribes.
He cited schemes like interest subvention for short-term crop loans of up to Rs 3 lakh, RBI's decision to raise the limit for collateral-free agriculture loan from Rs 1 lakh to Rs 1.6 lakh, and direct income support of Rs 6,000 per year to farmers under Pradhan Mantri Kisan Samman Nidhi.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
Simultaneous Polls Bill 12th To Be Sent To Joint Parliamentary Panel Since 2015 BJP MPs, Injured In Parliament Stand-Off, Discharged From Hospital After 5 Days National Farmer's Day 2024: Know History, Significance And Theme Of This Day Allu Arjun Summoned By Hyderabad Police For Questioning In Stampede Case Bengaluru Techie Loses Rs 11.8 Crore After "Digital Arrest" Pakistan May Get 40 5th-Gen Stealth Fighter Jets From China Within 2 Years "End Of An Era In Indian Cinema": Priti Adani Condoles Shyam Benegal's Death Over 3,000 North Korean Soldiers Killed, Wounded In Russia's Kursk: Zelensky In The Mind Of Sriram Krishnan, Donald Trumps New AI Advisor Track Latest News Live on NDTV.com and get news updates from India and around the world.