2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Karnataka
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Tamil Nadu
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Madhya Pradesh
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Gujarat
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Detailed explanation-1: -Madhya Pradesh Chief Minister Kamal Nath Tuesday launched his government’s Rs 50,000-crore farm debt-waiver scheme named ‘Jai Kisan Rin Mukti Yojana’.
Detailed explanation-2: -In a farm loan waiver scheme, the Centre or the state Government repays the loan to the banks on behalf of the farmers, simply by using public money collected in the form of taxes. When there is a poor monsoon or natural calamity, farmers cannot repay their loans.
Detailed explanation-3: -EXTENSION OF PERIOD OF PAYMENT OF 75% SHARE BY “OTHER FARMERS” from 01.07. 09 TO 31.12. 09.
Detailed explanation-4: -The first nationwide farm-loan waiver in independent India was implemented in 1990 by the VP Singh-led government. It cost the exchequer Rs 10,000 crore. In 2008, the Agricultural Debt Waiver and Debt Relief Scheme, implemented by the UPA government, involved an outgo of Rs 71,680 crore.
Detailed explanation-5: -Kumaraswamy’s government waived off around Rs 15,000 crore of farm loans in 2018 from cooperative and commercial banks for around 20 lakh farmers. Each farmer was eligible to seek waiver of up to Rs 2 lakh.