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On Mulayam’s birthday, son’s bonanza for farmers

Special Correspondent
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Akhilesh announces Rs. 1650 crore loan waiver

Chief Minister Akhilesh Yadav and other party leaders celebrating Mulayam Singh's birthday in Lucknow on Thursday.Photo: Subir Roy
Chief Minister Akhilesh Yadav and other party leaders celebrating Mulayam Singh's birthday in Lucknow on Thursday.Photo: Subir Roy

Uttar Pradesh Chief Minister Akhilesh Yadav on Thursday presented a Rs.1650-crore loan waiver gift to over seven lakh farmers on the occasion of his father Mulayam Singh’s 74th birthday.

Only those who had taken a loan up to Rs.50,000 from the U.P. Sahkari Gram Vikas Bank (earlier, Bhumi Sudhar Bank), and repaid 10 per cent of the amount by March 31, 2012, will be entitled to the loan waiver.

The announcement comes a day ahead of the beginning of the winter session of the Legislature.

On the delay in the State Advised Price (SAP) for sugarcane for the 2012-13 crushing season, Mr. Yadav said it would be announced soon after considering all the aspects that would benefit the farmers.

He said a budgetary provision of Rs.500 crore was made for the loan waiver scheme and an additional Rs.500 crore would also be made. A decision to write off farmers’ loans up to Rs.50,000 taken from the cooperative banks would be taken later.

Mr. Yadav said his government had taken a decision to give irrigation water from canals and government tubewells. The Samajwadi Party always stood for the progress and prosperity of farmers and the programmes were designed to benefit them.

Mr. Mulayam Singh was not present, but senior Ministers Shivpal Singh Yadav, Ahmed Hasan, Ambika Chaudhary, Ram Gobind Chaudhary and Anand Singh were there when the loan waiver announcement was made by the Chief Minister at his official residence.

At the Samajwadi Party headquarters on Vikramaditya Marg, scene of Mr. Mulayam Singh’s birthday celebrations, the Chief Minister signed on a pledge to bring a new political alternative and ensure victory in the 2014 Lok Sabha polls, fight communalism, remove poverty and inequality and highlight the achievements of the SP government.

Mr. Yadav also presided over a meeting of the SP Legislature Party.


  • Decision to write off farmers’ loans up to Rs. 50,000 on the anvil

  • Sugarcane SAP for 2012-13 crushing season to be announced soon



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