Uttarakhand News

After UP, Uttarakhand government may waive farmer loans worth 1600 crore

Following the footsteps of Yogi Adiytanath’s decision to waive farmers debt worth 36,000 crore in Uttar Pradesh, Uttarakhand government is in discussion to waive farmer loans worth 1600 crore. The government have started assessment of total debt incurred by farmers across all 13 districts. The outgoing government first proposed the plan to waive off the debt, however, that plan never came to fruition. The farmers in the state have high hopes from the incumbent government regarding  the outstanding debt.

The total short term loan incurred by farmers in all 13 districts of Uttarakhand is around 1600 crore. (Image Source)

The amount of loan incurred by the farmers is increasing exponentially every year. The government have asked for detailed report on the farmer debts across all districts. It is expected that by the end of the week, all the reports will be on the table.

– Deepak Kumar, MD, Uttarakhand State Cooperative Bank

Uttarakhand government to focus on waiving short-term loans first

According to the statistics, the total short term loan incurred by farmers in all 13 districts of Uttarakhand is around 1600 crore, 817 crore of which are crop loans whereas around 800 crore worth of loan is taken from various banks for agricultural equipment, fertilizers etc. The new Uttarakhand government in power is already under a substantial debt of more than 45,000 crore. How the government manages to waive farmer loans under these stringent circumstances remains to be seen.

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