Farmers face Rs 2 lakh cr loss as Modi failed to fulfill promise, says Union


New Delhi, Nov 9: Farmers union on Thursday said Prime Minister Narendra Modi’s failure to fulfill electoral promise of 50 per cent profit above the cost of production has resulted in about Rs 2 lakh crore loss to peasants in the country this kharif season.

Meanwhile,  All India Kisan Sangharsh Coordination Committee (AIKSCC), an umbrella body of over 180 farmer organisations also stated the BJP-led central government has failed to stop market prices from falling below the current Minimum Support Price (MSP) so farmers had to sell their produce at lower rates, even below the cost of production in some cases, causing an expected loss of Rs 35,968 crore to them, news agency IAN reported.

Addressing media here, the AIKSCC demanded a complete loan waiver and remuneration of 50 per cent margin above the cost of production as per Modi’s promise.

Farmer union Kisan Mukti Sansad have decided to stage a protest in the national capital on November 20 to press their demands.

Peasants leader from Maharashtra and Lok Sabha Member Raju Shetty said more than one lakh farmers were expected to participate in the protest.

In past few months, AIKSCC leaders held several demonstrations across the country to unite farmers on these issues, saying there would not have been farmer suicides if the government had not “looted” them.

Farmer activist from Telangana, Kirankumar Vissa, asserted  farmers must have lost Rs 2 lakh crore when their earnings this season, according to the government data, were compared with the remuneration they would have got with the promised 50 per cent profit on the MSP.

AIKSCC workers said farmers in Haryana, Punjab, Madhya Pradesh, Maharashtra, Odisha, Uttar Pradesh were forced to sell produce below the MSP, putting them under major  financial loss.

So farmers were in a dire need of loan waiver and proper remuneration, said Yogendra Yadav of Swaraj India.

A draft Bill encompassing the two demands will be tabled in the Kisan Mukti Sansad for discussion and passed by the farmers’ Parliament on November 20.

V.M. Singh, convener of the AIKSCC, said “We will invite the leaders of political parties and Prime Minister to come to the sansad if they are ready to support the Bill and the demands”.

Wefornews Bureau 


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