Instead of one-time complete loan waiver, the Congress party in its manifesto mentioned a waiver of Rs 2 lakh. Loan waiver without increasing the MSP or without a guarantee to ensure that the farmers get the MSP will only accumulate loans in the future. They may have been submitted as private member bills, but they have the mandate of all the country’s farmers. The first bill clearly mentions that it is a one-time loan waiver and would be benefitting all the farmers who have paid the loan or who have defaulted with their payment. The second bill ensures that the MSP is fixed as per the Swaminathan report, i.e, one-and-a-half times the production cost.

Source: dna December 19, 2018 01:40 UTC