PM Modi likely to announce farmer loan waiver after defeat in Assembly polls

As per sources, the government will soon bring a policy which would wave off the loan of country’s 26.3 crore farmers and the people dependent on them.

File image PM Modi

New Delhi: Prime Minister Narendra Modi is likely to take a call on waiving off farmers’ loan after facing a huge defeat in Assembly elections of 5 states. The decision is likely to be taken keeping in mind the forthcoming 2019 Lok Sabha elections, in order to lure the farmers. BJP had to lose power in three major Hindi belt states namely Madhya Pradesh, Chhattisgarh and Rajasthan; where majority of the people are dependent on agriculture. The Congress has declared waving off farmer loan in these three states and had accused BJP of being anti-farmer. As per political experts, farmer angst is the reason behind BJP’s defeat. As per sources, the government will soon bring a policy which would wave off the loan of country’s 26.3 crore farmers and the people dependent on them. Earlier, UPA government had waved off Rs 72,000 crore in 2008; this helped them and the party came to power in 2009. As per farmer leader Dharmendra Malik in Uttar Pradesh, the reason behind BJP’s loss in Assembly states is farmer’s anger. “The farmers have expressed their anger towards PM Modi by defeating them”.