`Government owes it to ryots'

GUNTUR, JULY 24. The farming community in the country will get a new lease of life if the Union Government decides to waive crop loans up to Rs. 10,000 following the example of the V.P. Singh Government, the former Secretary Banking, Dinesh Chandra, has said.

Delivering the keynote address at a two-day seminar on `Indian Agriculture and Rural Indebtedness' organised by the Indian Liberal Group and the Virginia Tobacco Growers' Association, here on Saturday, he said the move, may entail a financial burden of Rs. 5,000 crores. But the Government owed it to farmers and the political leadership in the country should show the vision and courage required to take such a decision.

Relief to all sections

The step would definitely free marginal farmers from the debt-trap and small farmers would also get relief.

However, the Government should offer relief to all sections of farmers though in the process some big farmers might also be benefited to some extent. "It is not possible to categorise farmers and implement such a scheme," he felt.

The proposed waiver should cover only crop loans and not term loans taken for other farming activity, he added.

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