MP CM Kamal Nath waives farm loan

Delivering on its poll promises, the new Congress government in Madhya Pradesh on Monday issued an order waiving off short-term loans of farmers. Kamal Nath signed the files for farmers’ loan waiver immediately after taking charge.
Addressing the media, Kamal Nath said: “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.”
“Our schemes of providing incentives of investment will only be imposed after 70 per cent people from Madhya Pradesh get employment. People from other states like Bihar, Uttar Pradesh come here (to Madhya Pradesh) and local people don’t get jobs. I have signed file for this,” CM Kamal Nath added.
Congress President Rahul Gandhi had announced that if voted to power the Congress will waive off farm loans up to Rs two lakh within the first ten days.

After Kamal Nath signed on the file pertaining to waiving off farmers’ loans of up to Rs 2 lakh, Principal Secretary, Farmers’ Welfare and Agriculture Development Department, Rajesh Rajora issued the loan waiver order.
The order said: Madhya Pradesh Government has taken a decision to write off short-term crop loan of eligible farmers up to the limit of Rs 2 lakh, as on March 31, 2018, from nationalized and cooperative banks.


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