Left demands debt relief for farmers

Left demands debt relief for farmers

Reiterating his call for debt relief to farmers hit by September floods, CPI (M) State Secretary and MLA elect Muhammad Yousuf Tarigami today urged the government of India and Governor N N Vohra to put in abeyance the order for recovery of Kisan Credit Card (KCC) loans from farmers till a final call is taken on their loan waiver.

In a statement issued here, Tarigami said that agriculture and horticulture sectors have suffered huge setback because of devastating deluge in September and the farmers are not in a position to repay their loans raised against their farming land and orchards.

The CPI (M) leader stressed on the need to arrange a one-time waiver on specified amount of KCC in favour of farmers and horticulturists who are not in a position to purchase fertilizers and pesticides for their farms and orchards.  

The MLA Elect Kulgam urged the Governor to take up the issue of rural indebtedness with the RBI Governor so that a one-time remission of KCC borrowings is extended to farmers of the state. 

He said the one time waiver would benefit tens of thousands of families who are directly or indirectly under tremendous pressure from the banks ahead of closing of financial year. 

“The one time KCC loan waiver can be considered as one of the components of the relief and rehabilitation plan that can give a sigh of relief to the farming community,” Tarigami said while expressing deep concern over the losses suffered by farmers due to floods last year.