Jaitley🔈: States Will Have to Bear Farm👨‍🌾 Loan Waivers

  |   India News

The States going in for farm loan waivers will have to generate funds from their own resources, Finance Minister Arun Jaitley said on Monday came after a meeting he had with public sector bank (PSB) chiefs, where among other things, the situation on bad loans was discussed.

Mr. Jaitley's comments come in the backdrop of farmers' agitations across the country as well as State governments such as Maharashtra and Uttar Pradesh - both BJP-ruled - announcing farm loan waivers. There are also similar demands for farm loan waiver in States, including in Madhya Pradesh and Haryana (both BJP-ruled), Punjab (Congress-ruled), Tamil Nadu (AIADMK government).

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