Uddhav said fast implementation of the announcement is necessary.
This largesse will now be available also to those engaged in agriculture's allied activities like livestock rearing, as also to those who had availed themselves of investment credit for purposes like deepening wells and purchasing tractors.
Congress MP Rahul Gandhi on Thursday made a strong speech in Parliament demanding the widening of the scope of relief granted to farmers through the loan waiver scheme announced by Finance Minister P Chidambaram in the Budget 2008-09.two crucial changes to widen the arc of relief as the party prepares for crucial electoral battles ahead.
Kumaraswamy met representatives of farmers groups and progressive peasants to discuss the problems faced by them.
Farmer leader and Lok Sabha member Raju Shetti, who participated in the talks, said he was happy that their demands had been met.
The Janata Dal-Secular leader, who was sworn-in Karnataka chief minister last week after the Congress extended unconditional support to his party, said he is ready with the guidelines on farm loan waiver, details of which will be disclosed on Wednesday.
Finance Minister P Chidambaram on Tuesday told Parliament that the farm debt waiver and relief scheme has benefited 36.4 million farmers and taken care of their Rs 66,477 crore (Rs 664.77 billion) debt burden.
Stalin said that Modi should allow the farmers to meet him and offer a consoling solution at the earliest.
The government has assured that all suggestions such as raising the land ceiling limit for the waiver will be considered. The loan waiver scheme would also cover all agricultural loans disbursed by private scheduled commercial banks as well. Congress MP Mohsina Kidwai wanted to know whether the government would raise the land ceiling for the waiver to farmers from the existing limit and whether it would come out with a package for the farmers to pay off money lender loans.
Gandhi said farmers asked him during his Bharat Jodo and Bharat Jodo Nyay yatras about why they were not getting the benefit of loan waivers like billionaire industrialists or MSP (minimum support price) for farm produce.
'You empower a man, you are not necessarily empowering a family, you are just empowering him.'
Gandhi said that the Centre should not discriminate amongst states and no politics should be played with farmers suffering across the country.
If TVK MLAs and ministers are perceived as clean, or demonstrably cleaner than their predecessors, the credibility dividend will be enormous. The voter will feel rewarded, points out Ramesh Menon.
The Congress on Tuesday downplayed the claim that President Pratibha Patil was behind the government's ambitious farm loan waiver scheme, saying inputs for it had come from diverse quarters. Party spokesman Abhishek Manu Singhvi was commenting on a remark by Christy Fernandes, the President's Secretary, that Patil had advised the government to initiate appropriate mechanism by which the plight of the farmers could be addressed.
Actor-politician Vijay's TVK party is likely to form the government, bringing focus to their election promises, including gold for marriage, financial assistance for women, and job creation.
"It is quite possible that the rates will remain low in the near to medium term, but that will depend on how conditions evolve," said RBI Governor Sanjay Malhotra.
Commerce and Industry Minister Nirmala Sitharaman told the Rajya Sabha 'the government is absolutely sensitive and seized of the matter'.
These estimates are expected to grow by atleast Rs 2,000 crore (Rs 20 billion) as this calculation does not account agricultural laons taken from nationalised banks. Nabard officials announced this report in Pune on Thursday. The Central government has announced a complete loan waiver package for farmers holding less than 5 acre land. An OTS scheme has also been announced to write-off 25 per cent of the loan amount for farmers holding more than 5 acre land.
13 eminent economists, including former RBI governor Raghuram Rajan and current International Monetary Fund Chief Economist Gita Gopinath, in a report have asked the political establishment not to resort to populist tricks.
As it turns out, the number of small and marginal farmers is more than 30 million and it is estimated that the number is likely to be 36.90 million, while the number of other farmers is estimated about 5.97 million. These are verified but as yet unaudited figures. Initially, in the Budget, it was estimated that the cost of the scheme will be about Rs 60,000 crore (Rs 600 billion) to the central government.
Modi claimed the Janata Dal-Secular-Congress coalition government which came to power in Karnataka recently had waived only 800 farm loans.
TVK founder Vijay, upon becoming Chief Minister, approved free electricity units and special forces for women's safety and anti-drug efforts. He pledged a commitment to secularism and social justice, asserting his authority as the sole power centre.
The central government's exposure remains at over Rs 60,000 crore, the original amount proposed in Budget 2008-09.
Announcing yet another pre-poll "guarantee" in Gujarat, Aam Aadmi Party convener Arvind Kejriwal on Friday said his party, if voted to power in the state, will waive farm loans and also create a mechanism to buy produce from farmers at Minimum Support Price (MSP).
Referred to as 'Badlav Patr (document of change)', Congress leader Randeep Surjewala and All India Congress Committee's Bihar in-charge Shakti Sinh Gohil presented the manifesto that promises farm loan waiver and 50 percent subsidy in electricity bills to farmers up to 100 units of consumption. The manifesto also promised that it will reject the Centre's farm laws if voted to power.
The Karnataka CM with only 37 JD-S MLAs in the assembly is on shaky ground and overly dependent on the Congress for every decision, reports Bibhu Ranjan Mishra.
Brokerage Bernstein has warned Prime Minister Narendra Modi that India risks squandering recent economic gains unless it accelerates structural reforms, particularly in jobs, manufacturing and innovation.
Kumaraswamy, who also holds the finance portfolio, said he has limited the loan amount to Rs 2 lakh, as it was 'not right' to waiver higher value crop loan.
The opposition would push for the passage of the two bills -- the farmers' freedom from indebtedness bill and the farmers' right to guaranteed remunerative minimum support prices for agriculture commodities bill -- in the Rajya Sabha
The experience of direct cash transfer under PM-Kisan will be useful in designing a larger scheme of DBT for farmers combining all subsidies and support for the agriculture sector in the future, say Ramesh Chand & SK Srivastava.
Citing Maharashtra Chief Minister Devendra Fadnavis, Nationalist Congress Party-Sharadchandra Pawar president Sharad Pawar on Saturday supported a probe into the controversial land deal allegedly linked to the company of his grandnephew Parth Pawar.
The Confederation of Indian Industry (CII) has proposed a 20-point policy agenda to the finance ministry, including a conflict-linked emergency credit line guarantee scheme and tax rationalisation on energy inputs, to support MSMEs, exporters, and energy-intensive industries affected by the ongoing West Asia war.
Shiv Sena (UBT) MLC Anil Parab claimed a drone was spotted hovering over 'Matoshree', the Mumbai residence of party head and former Maharashtra CM Uddhav Thackeray, raising serious concerns about a potential breach in a high-security zone.
A case has been registered against Maharashtra BJP minister Radhakrishna Vikhe Patil and 53 others, including directors of a sugar mill, for allegedly obtaining loans of nearly Rs 9 crore in the names of farmers using forged documents. The complaint was filed by a sugarcane cultivator and member of the cooperative sugar mill, alleging that the loan amounts were never credited to the farmers' accounts and were instead siphoned off by sugar mill officials and bank staff. The case was registered based on a court directive following a complaint alleging irregularities that occurred in 2004.
Public sector banks have written off loans worth Rs 6.15 lakh crore in the last five and a half years, Parliament was informed on Monday.
If the Congress came to power in MP, those responsible for the deaths of the six farmers would face strict action within 10 days.
'Our politics is transparent -- it's about ensuring farmers don't die by suicide, about ensuring agriculture remains viable, about ensuring food security for the nation.' 'If that's politics, then yes, we do politics.'
Students rescued from Ukraine face an uncertain future due to their inability to complete their education and also run the risk of falling into a debt trap as they may find it difficult to repay education loans, Congress MP Kodikunnil Suresh said.
'Do exhaustive research and then select the one that best fits your budget and requirements.'
AIADMK general secretary Edappadi K Palaniswami has announced a series of welfare measures, including free refrigerators for rice ration cardholders, if the party wins the 2026 Assembly election in Tamil Nadu.
