Madhya Pradesh CM Kamal Nath waives off farm loans

Kamal Nath

Bhopal, Dec 17: Hours after taking oath as Madhya Pradesh Chief Minister, Congress veteran Kamal Nath on Monday waived loans of farmers to the tune of Rs 2 lakh each, delivering on the pre-poll promise. 

Loans of upto Rs 2 lakh – from nationalised and/or co-operative banks – till March 31 of 2018 have been waived off.

“After joining this post (of Chief Minister), the first file I have signed is of farm loan waiver of Rs 2 lakh each, as I had promised to the farmers”, he told media.

The Chief Minister further said that “Our schemes of providing incentives of investment will only be imposed after 70% people from Madhya Pradesh get employment. People from other states like Bihar, Uttar Pradesh come here & local people don’t get jobs. I have signed file for this”.

“The Madhya Pradesh government hereby takes the decision of waiving of loans taken by farmers up to Rs 2 lakh from nationalised and cooperative banks,” read the letter signed by Rajesh Rajora, Principal Secretary, Department of Agriculture, Horticulture and Food Processing.

The nine-time MP and former Union Minister, who steered his party to victory, was on Monday sworn in as its 18th Chief Minister, bringing to an end 15 years of BJP rule in Madhya Pradesh.

The 72-year-old Kamal Nath took oath in the presence of Former Prime Ministers Manmohan Singh and H.D. Deve Gowda, Congress President Rahul Gandhi, outgoing Chief Minister Shivraj Singh Chouhan, another former BJP Chief Minister Babulal Gaur and a galaxy of national leaders.


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