Task force urged Finance minister to save 8 million credit starved farmers

Task force urged Finance minister to save 8 million credit starved farmers

Dated 30 September  2018

Task Force ( Vasantrao Naik  Sheti Swavalamban Mission (VNSSM) chairman Kishore Tiwari urged Indian finance minister Arun Jaitely to save  debt trapped dying drought hit 8 millions distressed farmers to stop ongoing farmers suicides in 14 districts of Marathwada and Vidarbha after the PSU banks failed to fulfilled target given by RBI-Nabard miserably in Maharashtra as per figure made available by SLBC (State Lead  Bankers Committee) in review meeting held held at Pune  on 28th of September 2018 .As the SLBC data in Maharashtra all PSU banks achieved only 41% taget in state as whole where they disbursed only Rs.11 thousand crore against target Rs. 28 thousand crore  in farm suicide prone 14 districts of Marathwada and Vidarbha achievement crop loan in only  30 % where PSU banks  due to apathy of apex bank and complete hostile functioning of PSU banks controlled by RBI even after stae govt, has given mega loan waiver to these farmers to tune of Rs.14 thousand crore  hence special task force headed farm activist has now approached finance minister Arun Jaitely for in his urgent intervention and special bailout package so that every debt trapped is brought under institutional credit cover .

Task Force ( VNSSM) chairman Kishore Tiwari has brought the attention of planning commission report of 2006 which was tabled in the parliament and drawn the attention  of   page 52 para 1.29.2 which has urged Indian Govt. for the same ,

I quote 

1. 29.2 Fresh crop loan to all farmers is only solution to stop suicide.

Government of Maharashtra has announced that interest rate on crop loan will be reduced to 6% from existing 9%, but when only 5% farmers are taking loan for farming from bank, what is the use of this reduction, Kishore Tiwari asked. “In Vidarbha out of 3.2.million cotton growers, 2.8 million farmers are old defaulters of bank loans and not eligible for institutional credit.

Hence taking loan from private money lenders and falling in to the debt trap is inevitable for them. In order to stop this exploitation of Vidarbha farmers, it is must to provide them bank credit”.

unquote 

Kishore Tiwari  informed Indian finance minister Arun Jaitely that Maharashtra is facing severe drought in 14 districts of Marathwada and Vidarbha region since 2014 and crop failure is being reported since 2012 and prevailing acute distress and despair has resulted in to very serious issues of farmers suicides and to address this agrarian crisis state govt. has started numbers of direct and indirect intervention in area of food security and health security ,rural employments ,creating protective irrigation facilities in each drought prone villages of region and  major relief  intervention to save these 8 million debt trapped farmers Maharashtra CM Devendra Fadanvis announced mega loan waiver in order to provide crop loans to at least 80% of these farmers but PSU banks hostile attitude and noncooperation failed its basic purpose of this loan waiver .  

As debt is main issue in all cases of the farmers suicides in 14 districts of Maharashtra’s drought affected region hence the state has decided to cover all 8 million farmers of this to cover under institutional credit and has made very strong case before RBI  but till there is no response resulting in daily credit starved farmer’s suicides in Maharashtra, Tiwari added.

Task force  asked Indian finance minister Arun Jaitely  “Its not a time that the finance minister sitting as mute spectator, when our farmers are constrained to commit unfortunate suicides…………..!!!!”..We know that you are very busy & occupied,  but have a couple of minutes to read & act on this in the interest to protect dyeing farmers….!!.

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