New Delhi, July 29: Congress chief Rahul Gandhi on Thursday wrote to Finance Minister Nirmala Sitharaman urging her to increase the moratorium on compensation of short-term crop loans by farmers to December 31, 2021. Gandhi additionally sought waiver of all penal curiosity on such loans.
He highlighted that farmers throughout the nation are going through acute monetary misery because of the pandemic. The previous Congress chief stated his parliamentary constituency Wayanad in Kerala is dwelling to a major variety of small and marginal farmers rising money crops. He stated giant components of Kerala had been devastated by two consecutive years of flooding in 2018 and 2019.
"Simply because the farmers had been on their street to restoration, the Covid pandemic struck. This has severely heightened agrarian misery. At the moment, farmers avail short-term crop loans at a concessional fee underneath the curiosity subvention scheme. Punjab Disaster Has Been Resolved, Says Congress Chief Rahul Gandhi.
"Nonetheless, components together with a number of lockdowns, disruptions within the provide chain and restricted market entry have severely affected farm incomes," he stated.
Gandhi stated that mounting debt coupled with future financial uncertainty has affected the power of farmers to repay their mortgage on time.
He stated he has been receiving representations requesting for a moratorium on compensation of short-term crop loans from people and organisations in my constituency.
"Crores of farmers throughout India are equally positioned. On this backdrop, I request your sort intervention in extending the moratorium on compensation of short-term crop loans until December 31, 2021 and waive all penal curiosity," Gandhi stated.
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