Debt Of Honour
FRONTLINE|July 21, 2017

The Maharashtra government comes through on its promise of loan waiver to farmers, but many other issues remain unresolved.

Lyla Bavadam
Debt Of Honour

THE tough stand taken by farmers in the middle of June seems to be paying off. On June 11, they called off their strike after the government gave a series of assurances. The most important of these was the blanket waiver of loans to farmers owning less than five acres of land, with the option of immediately applying for a fresh loan.

On June 24, the government kept its word and, in a decision ratified by the Cabinet, announced a Rs.34,000-crore crop loan waiver for the State’s marginal farmers. Introduced by Chief Minister Devendra Fadnavis as the Chhatrapati Shivaji Maharaj Krushi Sanman Yojana, the scheme is designed to benefit about 89 lakh farmers.

The press release from the Chief Minister’s office said those having outstanding loans between April 1, 2012, and June 30, 2016, would be entitled for the waiver. Loans up to Rs.1.5 lakh would be written off immediately, making some 35 lakh farmers instantly debt-free.

A one-time settlement scheme was offered to nine lakh farmers who had debts of over Rs.1.5 lakh. They would be eligible for a waiver of 25 per cent of the outstanding amount or Rs.1.5 lakh, whichever was less. The scheme would benefit those farmers who had sought restructuring of their existing loans but still had arrears as of June 30, 2016. Farmers who had been repaying their loans regularly would be eligible for 25 per cent (of their loan component, up to a maximum of Rs.25,000) credited directly to their banks as an incentive for their fiscal management. Even those making their payments in June 2017 would be eligible for this incentive.

この記事は FRONTLINE の July 21, 2017 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は FRONTLINE の July 21, 2017 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

FRONTLINEのその他の記事すべて表示
How Not To Handle An Epidemic
FRONTLINE

How Not To Handle An Epidemic

The lockdowns were meant to buy time to put in place appropriate health measures and contain the coronavirus’ spread, but they have failed to achieve the objective and heaped immense misery on the marginalised sections of society. India is still in the exponential phase of the COVID-19 infection and community transmission is a reality that the government refuses to accept.

time-read
9 分  |
June 5, 2020
Tragedy on foot
FRONTLINE

Tragedy on foot

As the COVID-19-induced lockdown cuts the ground beneath their feet in Tamil Nadu, thousands of migrant workers are trudging along the highway to the relative safety of their upcountry homes.

time-read
10+ 分  |
June 5, 2020
Sarpanchs as game changers
FRONTLINE

Sarpanchs as game changers

Odisha manages to keep COVID-19 well under control because of the strong participation of panchayati raj institutions and the community at the grass-roots level under the leadership of Chief Minister Naveen Patnaik.

time-read
7 分  |
June 5, 2020
Scapegoating China
FRONTLINE

Scapegoating China

As the COVID-19 death rate spikes and the economy tanks in the United States, Donald Trump and his advisers target China and the World Health Organisation with an eye to winning the forthcoming presidential election.

time-read
10 分  |
June 5, 2020
New worries
FRONTLINE

New worries

Kerala’s measured approach to the pandemic and lockdown has yielded results. But it still has to grapple with their huge economic impact on its economy, which it feels the Centre’s special financial relief package does little to alleviate.

time-read
9 分  |
June 5, 2020
FRONTLINE

No love lost for labour

Taking advantage of the lockdown and the inability of workers to organise protests, many State governments introduce sweeping changes to labour laws to the detriment of workers on the pretext of reviving production and boosting the economy.

time-read
8 分  |
June 5, 2020
Capital's Malthusian moment
FRONTLINE

Capital's Malthusian moment

In a world that needs substantial reorienting of production and distribution, Indian capital is resorting to a militant form of moribund neoliberalism to overcome its current crisis. In this pursuit of profit, it is ready and willing to throw into mortal peril millions whom it adjudicates as not worth their means—an admixture of social Darwinism born of capital’s avarice and brutalism spawned by Hindutva. .

time-read
10+ 分  |
June 5, 2020
Understanding migration
FRONTLINE

Understanding migration

When governments and their plans are found to be blatantly wanting in addressing reverse migration, exercises such as the Ekta Parishad’s survey of migrant workers throughout India can be useful to work out creative long-lasting solutions.

time-read
10 分  |
June 5, 2020
Waiting for Jabalpur moment
FRONTLINE

Waiting for Jabalpur moment

The Supreme Court’s role in ensuring executive accountability during the ongoing lockdown leaves much to be desired. Standing in shining contrast is the record of some High Courts.

time-read
10+ 分  |
June 5, 2020
An empty package
FRONTLINE

An empty package

The Modi regime, which has been unable to control the COVID-19 infection, restore economic activity and provide relief to millions exposed to starvation, trains its sights on Indian democracy, making use of the panic generated by fear and a lockdown that forecloses paths of resistance.

time-read
10+ 分  |
June 5, 2020