State Govt to waive off loan of Rs 17130 crore taken by ryots from money-lenders

Source: The Hitavada      Date: 04 Nov 2015 14:09:38

Special Correspondent

IN A positive step to rescue debt-ridden farmers of Vidarbha and Marathwada from the debt trap, the State Government has amended some clauses of Maharashtra Money -Lending (regularisation) Act, 2014 to waive off loan taken from licensed money-lenders by the farmers. The Government will waive off loan amount of Rs 171.30 crore of the
farmers including interest of Rs 15.19 crore taken from the money-lenders.
Co-operative, Marketing and Textile Department has issued directions on October 30 for complete loan waiver of the farmers from licensed money-lenders. Earlier, the Government issued directions on April 10, 2015 for providing relief to the debt-ridden farmers. The Government has changed the rules of deciding beneficiary by this notification.
Chief Minister Devendra Fadnavis had announced in the Maharashtra legislature that the Government will waive off all the loan amount of the farmers taken from the money-lenders. Revenue Minister Eknath Khadse made similar announcement in the Legislative Council regarding complete loan waiver from the money-lenders.
Earlier, clause said that the Government will lodge police complaint, if farmer
furnishes incorrect information in the
affidavit submitted to the Assistant Registrar. Now, the Government stated that Patwari of the concerned village should certify him for eligibility for loan.
The Assistant Registrar should take affidavit from the family of the farmers before issuing certificate of waving off loan taken from money-lenders.
The licensee money-lenders should provide detailed village-wise list of farmers with their loan amount and interest to be paid to the Assistant Registrar. The Registrar should check the list of farmers claiming loan waiver from Assistant Co-operative Officer, the notification stated.
It may be mentioned that loan from the money-lenders is one of the main reason of farmers’ suicides in the State. The debt-ridden farmers avail loan from the money-lenders, and upon failure to repay the loan amount then he has no other option than to take extreme step. The Government is taking various steps to stop farmers suicides in the region.