The Hindu Business Line
related with farm sector in one space. States such as Madhya Pradesh have adopted this system.
Freedom from indebtedness
Another issue which became debatable is how to deal with farm loans. The Congress’ manifesto charted a path for freedom from indebtedness.
“We will not stop with just providing Karz Maafi or a loan waiver. Through a combination of remunerative prices, lower input costs, and assured access to institutional credit, we will set our kisans on the path to karz mukti,” the manifesto said. It added that there will be no criminal proceedings against farmers who fail to pay back the loans.
Commenting on this, Finance Minister Arun Jaitley said: “It is not within the jurisdiction of the Centre. Some States have debt recovery law and a criminal case can be registered under that. Let the Congress-ruled States scrap this law.”