Congress party on Tuesday released the party s manifesto for the upcoming Lok Sabha Elections. The event was held at party s headquarters of 24, Akbar Road in the national capital. From farm loan waiver to unemployment, the Congress President announced things that the party has been accusing the ruling NDA about. The party had reached out to the masses last year to seek inputs for the manifesto. Congress had also used social media for outreach. The manifesto committee, which was chaired by forme
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Retired IAS officer Anup Chandra Pandey on Wednesday took office as Election Commissioner, returning the three member body, comprising Chief Election Commissioner Sushil Chandra and Election Commissioner Rajiv Kumar, to full strength.President .
TN elections 2021: Rs 12,110 crore farm loan waiver announced
India
Published: Saturday, February 6, 2021, 10:01 [IST]
Chennai, Feb 06: A few months ahead of Assembly elections, the AIADMK government in Tamil Nadu on Friday announced waiver of Rs 12,110 crore crop loans availed by 16.43 lakh farmers from cooperative banks. Making the announcement in the state assembly, Chief Minister K Palaniswami said the scheme would come into immediate effect and a Government Order shall be issued while the required financial allocation would be made in the interim budget.
Asserting Iam a farmer too, Palaniswami said it was his first duty to address the grievances of the farming people and ruling party MLAs welcomed his announcement by thunping the desks while the opposition benches were vacant.
6 Comments on this Story
P Narasiman58 days ago
This kind of waiving of loans to anybody is unproductive support and practically a wastage of Tax payers money. There are many farmers in Tamil Nadu who are in a better position to pay back the loan amount availed by them for their crops. Then why not find out the real farmers who are in difficult situations can be helped. Don t make the farmers lazy and also make them habitual defaulters of loan repayment.
Bhaskar 59 days ago
These loan waivers before elections creates moral hazard - why will a farmer even if he is financially able to pay off his loans will ever pay off his loans in the future knowing very well that state government will waive off the loans before the next elections .. These kind of populist moves give incentive to default.