On Day 1: Congress walks the talk in MP; waives off farm loan up to 2 lakh

Kamal Nath - Chief Minister of Madhya Pradesh

Minutes after taking oath, Madhya Pradesh Chief Minister Kamal Nath announced waiver of loans for farmers in his state.

Kamal Nath, 72, was sworn in as the Chief Minister of Madhya Pradesh at an event attended by Rahul Gandhi and a number of opposition leaders like Andhra Pradesh Chief Minister N Chandrababu Naidu, former prime ministers HD Deve Gowda and Manmohan Singh,  Karnataka Chief Minister HD Kumaraswamy, DMK chief MK Stalin and Bihar opposition leader Tejashwi Yadav.

The promise of farm loan waivers was made by the Congress during the election campaign in Madhya Pradesh and this is Nath’s first decision immediately after assuming office. He signed the papers required for waiving off farm loans up to Rs. 2 lakh from nationalised and co-operative banks till 31st March.

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The Congress had promised to write off farm loans of up to Rs. 2 lakh and provide a “salary grant” for five years to industries offering jobs to the youth if elected to power in Madhya Pradesh.

After the signing by the new state chief minister, Congress President Rahul Gandhi, who attended Mr Nath’s swearing-in, tweeted,

“1 done, 2 to go”

Gandhi was referring to complying the promise in the first state of Madhya Pradesh and  indicated the other two states of Rajasthan and Chhattisgarh to follow soon.

During a press conference after signing the loan waiver papers, Kamal Nath said,

“I want to ask the banks and economists that when you waive off loans of huge industrialists, it doesn’t bother you but when it’s about farmers, then you get a stomach ache?”

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The Congress in its poll manifesto had also promised a social security pension for farmers, who had held massive protests in the state last year, and a rebate in the registration fee of land documents, besides a financial help of Rs. 51,000 for the marriage of daughters of small cultivators.





The social media was overwhelmed with Nath’s emphatic gesture and thanked the Congress for thinking about the poor and distressed farmers:



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