On Wednesday, a deceased farmer’s land in Dausa, Rajasthan was auctioned two and a half months after his loss of life, for non-payment of the mortgage quantity. The farmer’s household reportedly had requested for an affordable time span to repay the mortgage of Rs 7 lakh however was denied by the financial institution. About 15 bigha 2 biswa land of the farmer was auctioned for to Rs 46 lakh in Ramgarh Pachwara village of Dausa.
According to the reviews, Kajod Meena, resident of Jamun Ki Dhani of Dausa district had taken a mortgage of Rs 3.5 lakh below the Kisan Credit Card (KCC) from the Rajasthan Marudhara Gramin Bank of Ramgarh Pachwara. The farmer couldn’t pay the mortgage for a number of years and after 2017 the excellent mortgage quantity collected to greater than Rs 7 lakh together with curiosity and penalties.
Rajasthan | A farmer’s land was auctioned yesterday in Ramgarh Pachwara village of Dausa for non-payment of the mortgage quantity My father had taken a mortgage & he’s useless now. We have been unable to repay it & requested financial institution however they denied to offer any probability: Pappu Lal, farmer’s son pic.twitter.com/4rdqXN8ehR— ANI (@ANI) January 19, 2022
The financial institution issued notices to sons Rajulal and Pappulal after father Kajod Meena died final yr. Due to the poor monetary situation of the household, the sons additionally couldn’t repay the KCC mortgage and the financial institution determined to order for attachment of the land.
Mithlesh Meena from Ramgarh Pachwara SDM workplace confirmed the event saying that ‘the bank had called the farmer’s household for settlement however they didn’t seem, in order per regulation their land was auctioned’. It is reported that the household of the farmers had remained hopeful with the promise of mortgage waiver made by the federal government a few years in the past.
It is pertinent to notice that in 2018, Rahul Gandhi in Jaipur had promised farm mortgage waiver inside 10 days if Congress was voted to energy. He particularly additionally talked about that Congress was not making false guarantees and that it had already applied the identical in Punjab and Karnataka. He had additionally attacked PM Modi for writing off Rs 3.5 lakh crores of 15 industrialists and had ‘confusingly’ assumed that the loans have been ‘waived off’.
BJP Spokesperson Shehzad Poonawalla slammed the Congress Government for betraying the farmers and snatching away their lands. “On one hand Uttar Pradesh govt has waived loans of 36,000 cr of lakhs of farmers but Rahul Gandhi who promised loan waiver in Rajasthan in ten days publicly has betrayed farmers and today their lands are being snatched away while Gehlot govt looks on! KISAN KI DUSHMAN CONGRESS”, he tweeted.
On one hand UTTAR PRADESH govt has waived loans of 36,000 cr of lakhs of farmers however RAHUL GANDHI who promised mortgage waiver in Rajasthan in ten days ( publicly) has betrayed farmers & at this time their lands are being snatched away whereas Gehlot govt appears on !KISAN KI DUSHMAN CONGRESS https://t.co/ZiwneopXP2— Shehzad Jai Hind (@Shehzad_Ind) January 19, 2022
Misinformation about loans ‘written off’-
Rahul Gandhi has all the time had problem in understanding the distinction between loans being ‘written off’ and loans being ‘waived off’. In December 2020, Rahul Gandhi had claimed that the Modi authorities had ‘waived off’ Rs 2,37,206 crore mortgage of the industrialists. According to him, the large quantity, which was ‘waive-off’ by the federal government, may have been supplied for 11 crore households within the tough time of COVID, every with Rs 20,000. In the monetary yr 2019-2020, scheduled industrial banks, each non-public and public sector banks, in an effort to restructure the careworn property, had reportedly ‘written-off’ Rs 2,37,206 crores of loans.
Also, many instances previously, Gandhi has repeated the lie. According to him, the Modi authorities has in his tenure waived loans of 5.50 lakh crore, 3.50 lakh crore, 3.00 lakh crore. 2.50 lakh crore, 1.50 lakh crore, 1.40 lakh crore, 1.30 lakh crore, 1.10 lakh crore owed by richest industrialists.
In November 2016, Rahul Gandhi had unfold lies and claimed that the Modi authorities had then waived off loans price Rs 1.1 lakh crores of massive industrialists. During campaigning for Gujarat meeting polls in 2017, Rahul Gandhi repeated the identical trite, he inexplicably elevated this determine by 20,000 Crores to Rs 1.3 lakh crores. In Karnataka, he went a step forward and conjured up one other grand determine, Rs 2.5 Lakh crores that have been waived-off.
Loan Write off
In April 2020, Finance Minister Nirmala Sitharaman had schooled Rahul Gandhi when he once more tried to unfold misinformation by terming ‘bad loan write off’ by banks as ‘loan waiver’. ‘Write-off’ is a means of stability sheet cleansing up train undertaken by banks to depict the true standing of the financial institution’s property and liabilities. The write-offs are usually not mortgage waivers as claimed by the Congress occasion and its ecosystem, she had stated.
Write-offs are a purely technical, accounting entry. Loans, which is probably not repaid by the borrower within the regular course of enterprise are written off. Even when these loans are written off, numerous restoration procedures like restoration fits filed earlier than the Debt Recovery Tribunal and motion initiated below SARFAESI Act proceed. Hence, the writing-off a mortgage isn’t merely a ‘waive-off’.
Loan waive off-
Reports point out that mortgage waive off is a suggestion made by the federal government to the borrower the place he’s now not below burden to of paying again the mortgage quantity. The authorities can provide the mortgage waive off contemplating the real change of the borrower’s monetary situation.
After finishing 2 years of workplace, CM Ashok Gehlot in 2020 had once more vowed to waive the farm loans taken from nationalized and industrial banks. He had additionally blamed the industrial banks for not cooperating and had knowledgeable that loans availed from scheduled banks have been to not be waived off.
