Report Wire - Lok Sabha witnesses heated arguments over situation of farm mortgage waivers

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Lok Sabha witnesses heated arguments over situation of farm mortgage waivers

4 min read
Lok Sabha witnesses heated arguments over issue of farm loan waivers

By PTI

NEW DELHI: Lok Sabha on Tuesday witnessed heated arguments between the Treasury and Opposition benches over the problem of farm mortgage waivers with Speaker Om Birla making an intervention and telling the members that advances beneath the Kisan Credit Card scheme are usually not written off.

While asking a supplementary, NCP member Supriya Sule sought to know whether or not the federal government has any plans to waive off the loans given to the farmers beneath the Kisan Credit Card (KCC) scheme.

Replying to the query, Parshottam Rupala, Union Minister of Fisheries, Animal Husbandry and Dairying, mentioned it was for the primary time in final so many many years that Prime Minister Narendra Modi has prolonged the scheme to fishermen and dairy farmers because the KCC was earlier confined solely to agricultural farmers.

He mentioned its important goal is to offer small farmers institutional credit score as much as Rs 1.6 lakh with none collateral.

Besides, Rupala mentioned, if a farmer repays the mortgage promptly, she or he would get three per cent curiosity subversion from the central authorities and a few state governments too present curiosity subversion as much as 4 per cent to the KCC debtors.

So, just about a farmer just isn’t paying any curiosity on his mortgage whether it is paid on time, he mentioned.

Sule and different opposition members then mentioned the minister was not giving the reply to the precise query on whether or not the federal government was planning to waive off the KCC loans taken by the farmers, to which Rupala reacting strongly.

He mentioned the opposition was solely offering a lip service and the precise welfare work for farmers is being finished by Prime Minister Modi.

When different opposition members additionally protested, the Speaker tried to calm them down by saying that as per his information, the loans given beneath the KCC are by no means waived off.

Earlier, DMK members protested strongly when Union Minister of State for Fisheries and Animal Husbandry L Murugan mentioned the Modi authorities has been pursuing welfare schemes as per the BJP election manifesto whereas some political events and their state governments weren’t doing so.

DMK members, led by its chief T R Baalu, protested the remarks made by Murugan, who hails from Tamil Nadu.

Baalu accused Murugan of taking part in politics fairly than correctly replying to a bonafide query associated to fishermen.

The speaker then instructed the DMK members that the minister has neither named any political social gathering nor any state and that they shouldn’t be offended.

NEW DELHI: Lok Sabha on Tuesday witnessed heated arguments between the Treasury and Opposition benches over the problem of farm mortgage waivers with Speaker Om Birla making an intervention and telling the members that advances beneath the Kisan Credit Card scheme are usually not written off.

While asking a supplementary, NCP member Supriya Sule sought to know whether or not the federal government has any plans to waive off the loans given to the farmers beneath the Kisan Credit Card (KCC) scheme.

Replying to the query, Parshottam Rupala, Union Minister of Fisheries, Animal Husbandry and Dairying, mentioned it was for the primary time in final so many many years that Prime Minister Narendra Modi has prolonged the scheme to fishermen and dairy farmers because the KCC was earlier confined solely to agricultural farmers.

He mentioned its important goal is to offer small farmers institutional credit score as much as Rs 1.6 lakh with none collateral.

Besides, Rupala mentioned, if a farmer repays the mortgage promptly, she or he would get three per cent curiosity subversion from the central authorities and a few state governments too present curiosity subversion as much as 4 per cent to the KCC debtors.

So, just about a farmer just isn’t paying any curiosity on his mortgage whether it is paid on time, he mentioned.

Sule and different opposition members then mentioned the minister was not giving the reply to the precise query on whether or not the federal government was planning to waive off the KCC loans taken by the farmers, to which Rupala reacting strongly.

He mentioned the opposition was solely offering a lip service and the precise welfare work for farmers is being finished by Prime Minister Modi.

When different opposition members additionally protested, the Speaker tried to calm them down by saying that as per his information, the loans given beneath the KCC are by no means waived off.

Earlier, DMK members protested strongly when Union Minister of State for Fisheries and Animal Husbandry L Murugan mentioned the Modi authorities has been pursuing welfare schemes as per the BJP election manifesto whereas some political events and their state governments weren’t doing so.

DMK members, led by its chief T R Baalu, protested the remarks made by Murugan, who hails from Tamil Nadu.

Baalu accused Murugan of taking part in politics fairly than correctly replying to a bonafide query associated to fishermen.

The speaker then instructed the DMK members that the minister has neither named any political social gathering nor any state and that they shouldn’t be offended.