BJP won the Uttar Pradesh polls with a thumping majority. Following protests by farmers across the state, the Maharashtra government was forced to announce a Rs34,022 crore loan waiver scheme in June 2017. This was followed by Punjab and a partial waiver of cooperative loans by the Karnataka government the same month. Uttar Pradesh, which announced a Rs36,359 crore package in April last year, has disbursed about Rs21,000 crore so far. The states also set a cut-off date ruling that loans taken prior to that date will not qualify for a waiver, such as 31 March 2016 for Uttar Pradesh.

Source: Mint May 07, 2018 03:33 UTC