Business

Rahul Gandhi writes to FM seeking relief to farmers on repayment of crop loans

Congress chief Rahul Gandhi on Thursday wrote to Finance Minister Nirmala Sitharaman urging her to increase the moratorium on compensation of short-term.crop loans by farmers to December 31, 2021.

Gandhi additionally sought waiver of all penal curiosity on such loans.

He highlighted that farmers throughout the nation are going through acute monetary misery as a result of pandemic.

The previous Congress chief stated his parliamentary constituency Wayanad in Kerala is residence to a major variety of small and marginal farmers rising money crops.

He stated giant elements of Kerala have been devastated by two consecutive years of flooding in 2018 and 2019.

“Simply because the farmers have been on their highway to restoration, the Covid pandemic struck. This has severely heightened agrarian misery. At present, farmers avail short-term crop loans at a concessional fee underneath the curiosity subvention scheme.

“Nevertheless, elements together with a number of lockdowns, disruptions within the provide chain and restricted market entry have severely affected farm incomes,” he stated.

Gandhi stated that mounting debt coupled with future financial uncertainty has affected the flexibility of farmers to repay their mortgage on time.

He stated he has been receiving representations requesting for a moratorium on compensation of short-term crop loans from people and organisations in my constituency.

“Crores of farmers throughout India are equally positioned. On this backdrop, I request your type intervention in extending the moratorium on compensation of short-term crop loans until December 31, 2021 and waive all penal curiosity,” Gandhi stated.

https://economictimes.indiatimes.com/information/politics-and-nation/rahul-gandhi-writes-to-fm-seeking-relief-to-farmers-on-repayment-of-crop-loans/articleshow/84871050.cms | Rahul Gandhi writes to FM searching for reduction to farmers on compensation of crop loans

Songdep

Inter Reviewed is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@interreviewed.com. The content will be deleted within 24 hours.

Related Articles

Back to top button