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Madhya Pradesh: CM Kamal Nath waives farmers’ loan; fulfils promise

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Hours after taking oath as the Chief Minister in Madhya Pradesh, Kamal Nath signed the files related to farmers’ loan waivers. By doing so, CM Kamal Nath kept fulfilled the promise made by Congress in its manifesto.

CM Kamal Nath issued an order waiving off short-term loans of farmers. According to the order, farmers who had taken loans from nationalised and cooperative banks before March 31, 2018 will be eligible for the loan waiver.

Earlier, in the day, Kamal Nath was sworn in as its 18th Chief Minister of Madhya Pradesh. He helped Congress to end 15 years of BJP rule in the state which had become the BJPs stronghold. Governor Anandiben Patel administered the oath of office and secrecy to Kamal Nath in the presence of Congress president Rahul Gandhi and others.

It is to be noted that Congress had promised farmers loan waiver within 10 days of forming the government as part of its Manifesto.

The result of the Madhya Pradesh Assembly election was declared on December 11, and after a marathon process of counting of votes, the Congress emerged as the single largest party with 114 seats in the 230-member MP Assembly. It was two short of majority mark but Mayawati’s Bahujan Samaj Party decided to support it, thus ensuring a Congress-led government in the state.

Also Read: Madhya Pradesh: Kamal Nath takes oath as 18th Chief Minister of state