The states going in for Farm loan waivers have to be generated by the states to meet the demands of the farmers, said Finance Minister, Arun Jaitley on Monday, according to the reports.
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Arun Jaitley said this during the meeting with public sector bank (PSB) chiefs to discuss the list of debtors by RBI whose cases will be considered for speedy resolution.
Arun Jaitley answered about loan waivers amid continuing demand in the states of Tamil Nadu, Odisha, Madhya Pradesh. While UP and Maharashtra, both BJP led states have announced the loan waivers.
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Earlier in March, in Rajya Sabha, he said “This issue of loan waiver has cropped up in several States. The Centre has its policies for the agriculture sector, under which we provide interest subvention and other support. We will continue to give all that. If a State has its own resources and wants to go ahead in that direction, it will have to find its resources. The situation where the Centre will help one State and not the others will not arise”.