UP Govt to Waive off Farmer's Loans

The farm loan waiver was one of the biggest promises made by the BJP to Uttar Pradesh electorate. Under the party’s manifesto, Lok Kalyan Sankalp Patra (Pledge for People's Welfare), BJP had promised to waive off loans of small and marginal farmers. The state agriculture minister recently gave a statement in which he said that the work on preparing the list of farmers whose loans were to be waived off had begun the very next day of the formation of government. Focusing on the other initiatives to help the farmers, the minister said that his department is working on setting up wheat purchase centres in order to meet the target of purchasing 80 lakh metric tonnes of wheat from the farmers. He also assured that these centres were being set up in a planned manner so that a particular farmer doesn't have to travel more than seven kilometres to sell his produce.

Shahi said that the Samajwadi Party had set the target as 40 lakh metric tonnes wheat from the farmers but the Yogi government has increased it to double. He said that the minimum support price for wheat had also been fixed at INR 1,625 per quintal. The agriculture minister also said that the government was exploring the possibility of using closed and unused cold storages for storing wheat. The existing warehouses have a capacity of storing 40 lakh metric tonnes of wheat. He said that all these exercises were being made in order to fulfil the promise made by Prime Minister Narendra Modi to double farmer's income by 2022.

By BOA Bureau