Waiver of farm loans? No way! - says CM

May 14, 2013 10:32
Waiver of farm loans? No way! - says CM

The Chief Minister Kiran Kumar Reddy yesterday in his meeting with farmers 'Rytu Sadassu' at Bodhan in Nizamabad District, ruled out the possibility of waiving farm loans.

The loans extended to farmers from different banks, Kiran Kumar says, amounts to Rs72000 Crores which is a large amount for the State to write off. Moreover, he adds, that such a decision can be taken only by the Central Government.  He reminds that previously when UPA Government waived farmer loans it was only Rs.13000 crores at that time.  

In the Rytu Sadassu that was attended by the Minister for Major irrigation P.Sudarshan Reddy, Agricultural Minister Kanna Lakshmi Narayana, Minister D.Sreedhara Babu, Minister Suneeta Lakshma Reddy, MP Madhu Yashki Gowd, Government Whip E.Anil, MLCs and MlAs, Kiran Kumar reiterated that his Government is for Farmers and a sum of Rs.4000 Crores is borne by the Government on account of free supply of electricity power to farmers.  He said that the Rytu Sadassu is conducted for the sake of awareness of the farmers about different benefits available to them under Government Schemes.  Such Sadassu, he said, were conducted at 74 places that is attended by 19.5 lakhs of farmers so far.  

Kiran Kumar warned the farmers against the political parties that are promising to waive of farmer loans if they come to power.  He said that it is not possible to do it and hence not to be believed.  He also said that his Government promises what it can deliver and delivers what it promises in the welfare of the people of the State.


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