Maha agri task force urges Jaitley for bailout package for
Union Finance Minister Arun Jaitley must intervene and grant a special bailout package for farmers to bring them under institutional credit cover, Kishore Tiwari, chairman of a task force set up to tackle Maharashtra's agrarian issues said Sunday.
He said that eight million farmers have been affected by drought and public sector banks in the state had failed to achieve crop loan targets set for them by the Reserve Bank of India and the National Bank for Agriculture and Rural Development.
"Hence the special task force has now approached Union Finance Minister Arun Jaitley for his urgent intervention and asked him to grant a special bailout package so that every debt-ridden farmer is brought under institutional credit cover," Tiwari, chairman of the Vasantrao Naik Shetkari Swavalamban Mission, said.
In a release issued here Sunday, Tiwari said that figures made available by the State Lead Bankers Committee after a review meeting held at Pune Friday showed that public ...