Congress president Rahul Gandhi addresses a public meeting in Sagar | PTI
File photo of Congress president Rahul Gandhi | PTI
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Congress promised to waive loans in 10 days, and in two states the new govt did it in six hours, he said.

New Delhi: Addressing India’s distressed farmers directly from Parliament, Congress president Rahul Gandhi said Tuesday he will not let Prime Minister Narendra Modi sleep until all farms loans have been waived.

In a stinging attack on what he described as crony capitalism, Gandhi said the government has turned a blind eye to the loans given to 15 top industrialists of the country, including Anil Ambani, but has made no effort to alleviate the woes of the farmers in the last four years.

“We promised to waive loans in 10 days. In two states, we did it in six hours,” Gandhi told reporters outside Parliament.

“We will not let Prime Minister Narendra Modi sleep until loans of all farmers are waived,” the Congress president said. – PTI

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  1. The cost of a farm loan waiver is reimbursed to the lending bank(s) by the government concerned. However, the unmistakable – and not unwelcome – message to farmers is : Bhaiyya, aap ke saath ghar wali baat hai. Karz lautane ki koi zaroorat nahin hai. Farm credit is now over ten trillion. Bankers should summon the courage, with the RBI as their general, to tell the government that they want to get out of this business of lending to farmers completely. Treat the annual disbursements as up front subsidy, remit the funds directly to the farmers’ Jan Dhan accounts,

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