Once and for all Small and Marginal Farmers Loan Waiver throughout India!!
This petition had 42 supporters
I, as an Indian support once and for all Loan Waiver program to the most deserving profession and back bone of our country. I also want the GOI under PM Modiji to ensure that insurance penetration is done at high priority so that there will no need of loan waivers again as they hurt our financial institutions and economy substantially.
We are ready to waive off bad loans for the rich but not for those who feed us?
Give it a thought and spread as much as you can. Its the minimum respect we can give to the God in the form of human.
All small and marginal farmer's loan should be waived off is my request. It would be great If someone can suggest an alternative to help the present farmers as the future is planned well under the leadership of PM Modi. Whatever is the solution, addressing the issue is my utmost priority for my petition.
" I just want to mention that even I am against regular loan waivers and thats the reason I mentioned once and for all!! What I meant by dat is: the GOI has already started kishi kalyan cess and fasal bhima yojana with a long term agenda which is sucessfully being impelemented. By that I can say the future is safe and I am very happy about that but what about the present generation farmers? Look at the suicide stats and the loan issues being faced by farmers!!
The NPA's by big corporates can be considered as waived on a broader scale. I know what I meant and I can explain but to cut short I said waived.
Our laws cant be changed to completely remove NPA's concept as to say on a broader scale it will not motivate comapanies to innovate and invest which will reduce our economy nd economic activity.
So, legally few can escape using the loops and being unethical. But what about our farmers whose pain cannot be described in words"
"Simple arithmetic shows that while the present size of tax exemptions on corporate income tax, excise and custom duty help only a handful of the ultra-rich (the top 1% who owns 58% of India’s total wealth), a farm loan waiver of one tenth the size would help crores of farmers who live on the cusp of life and death because of faulty economic policies."
Please give a deep thinking and support the cause to save farmers from suicides and also save their families who are also a part of next generation.
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