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Modi government gave farmer loans to corporates: Arunachal Congress

APCC Arunachal

Source: Facebook

The Arunachal Pradesh Congress Committee (APCC) on Saturday made a scathing attack on the Narendra Modi-led BJP government at the Centre for allegedly giving away several thousand crores of rupees to big corporate houses as agricultural loans, depriving the poor and marginalized farmers.

The APCC alleged that the Modi government had spread red carpet for many big capitalists to take loans under agricultural schemes at an interest rate of as low as four per cent only.

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It claimed that agricultural loans amounting to Rs 59000 crore went to 615 accounts in 2016, ‘with each account receiving Rs 90 crore, when the poor and marginalized under-debt farmers cannot avail such amounts of loan’.

The party demanded that the Modi government disclose the names of the accounts holders who have availed the loans.

The APCC also alleged that Modi’s ‘anti-farmer policy’ has forced the farmers and agriculture labourers to commit suicide.

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The Arunachal Congress further said that Modi has totally failed to keep his poll promises farm loan waiver.

Notably, the APCC informed that the statewide bandh to be organized on Monday in solidarity with the AICC’s call will now be held from 5 am to 3 pm, instead of 9 am to 3 pm as announced earlier.

 

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