• About us
  • Columnists
  • Careers
  • Brand Partnerships
  • rightlog is now TFIPOST
TFI Official Merchandise
हिन्दी
Thursday, April 15, 2021
TFIPOST
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Mamata Banerjee, West Bengal, BJP, urban Bengal

    Urban areas in West Bengal have been a stronghold of TMC, but this time BJP is likely to sweep them

    India, Russia, Jaishankar

    ‘This is the new India’: India slams Russia after taking on US, China and Europe

    Kerala CM Pinarayi Vijayan, KT Jaleel

    Why Kerala CM Pinarayi Vijayan desperately tried to protect tainted minister KT Jaleel

    Christian Missionary, Religious conversion

    More conversions amid the pandemic than in the last 25 years – Christian missionaries expose themselves

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    IT sector, IT Companies, TCS, India

    IT companies didn’t just make a killing profit during the lockdown but hired more employees too

    Term Plans

    Securing Family’s Future? Why You Should Invest in Online Term Plans This Year

    Coronavirus, lockdown, income tax collection

    Despite COVID and lockdown, India’s net tax collection increased. Taxpayers got richer during lockdown

    arhtiyas Piyush Goyal

    “I am gonna make him an offer he can’t refuse”: How Piyush Goyal rid Punjab of the Arhtiyas menace

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Indian Army, warfare, Training, Chinese

    IAF, Army and Navy will now jointly train for nuclear-biological-chemical warfare

    india indian army ladakh drones

    Amid standoff with China, India puts the Ladakh region under drone surveillance. More Made-In-India drones to follow

    drdo

    For 6 decades DRDO was not up to the mark. Today it is making one missile after another. What really changed

    ghatak drone

    GHATAK- How India’s stealth combat drone programme promises to make it a military superpower

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Imran Khan, Pakistan, TLP

    Imran Khan had nurtured and formed the TLP but it is turning into a noose around his neck

    Sadiq Khan, IPL, London

    ‘Make me win na, I will bring IPL to London,’ Sadiq, the Pakistan origin Mayor of London is promising an Indian sporting event to Londoners

    bangladesh hindus

    There will not be any Hindus left in Bangladesh in the next 25 years, top think-tank concludes

    pakistan india

    How taking on India is leading Pakistan to a slow and sugarless death

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • History
    • Indology
    sister nivedita

    Sister Nivedita – The friend of all

    Tanishq

    A stupid Ad and a dumb explanation: What Tanishq lost in last 48 hours?

    Coco island, islands, Nehru

    Nehru’s massive strategic blunder – How Nehru gave Coco Islands to Burma that China later grabbed

    Turkey, Hagia Sophia

    Hagia Sophia is not the only one: Turkey has a shameful history of desecration

    • Culture
    • History
    • Indology
  • Lounge
    • All
    • Books
    • Cinema
    • Food
    • Health
    • Satire
    • Sports
    • technology
    • Travel
    Indian TV Series, Sequel

    Sequels and second seasons don’t work in India. What happens to the Indian directors after first movie and first season of TV series?

    contact lenses

    5 Reasons Why Your Eyes Get Watery While Wearing Contact Lenses

    Employees

    Biometric Attendance System Can Push Employees towards Productivity

    coronavirus

    Wondering If You Need Masks in 2021? Read This

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
  • Newswire
No Result
View All Result
TFIPOST
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Mamata Banerjee, West Bengal, BJP, urban Bengal

    Urban areas in West Bengal have been a stronghold of TMC, but this time BJP is likely to sweep them

    India, Russia, Jaishankar

    ‘This is the new India’: India slams Russia after taking on US, China and Europe

    Kerala CM Pinarayi Vijayan, KT Jaleel

    Why Kerala CM Pinarayi Vijayan desperately tried to protect tainted minister KT Jaleel

    Christian Missionary, Religious conversion

    More conversions amid the pandemic than in the last 25 years – Christian missionaries expose themselves

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    IT sector, IT Companies, TCS, India

    IT companies didn’t just make a killing profit during the lockdown but hired more employees too

    Term Plans

    Securing Family’s Future? Why You Should Invest in Online Term Plans This Year

    Coronavirus, lockdown, income tax collection

    Despite COVID and lockdown, India’s net tax collection increased. Taxpayers got richer during lockdown

    arhtiyas Piyush Goyal

    “I am gonna make him an offer he can’t refuse”: How Piyush Goyal rid Punjab of the Arhtiyas menace

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Indian Army, warfare, Training, Chinese

    IAF, Army and Navy will now jointly train for nuclear-biological-chemical warfare

    india indian army ladakh drones

    Amid standoff with China, India puts the Ladakh region under drone surveillance. More Made-In-India drones to follow

    drdo

    For 6 decades DRDO was not up to the mark. Today it is making one missile after another. What really changed

    ghatak drone

    GHATAK- How India’s stealth combat drone programme promises to make it a military superpower

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Imran Khan, Pakistan, TLP

    Imran Khan had nurtured and formed the TLP but it is turning into a noose around his neck

    Sadiq Khan, IPL, London

    ‘Make me win na, I will bring IPL to London,’ Sadiq, the Pakistan origin Mayor of London is promising an Indian sporting event to Londoners

    bangladesh hindus

    There will not be any Hindus left in Bangladesh in the next 25 years, top think-tank concludes

    pakistan india

    How taking on India is leading Pakistan to a slow and sugarless death

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • History
    • Indology
    sister nivedita

    Sister Nivedita – The friend of all

    Tanishq

    A stupid Ad and a dumb explanation: What Tanishq lost in last 48 hours?

    Coco island, islands, Nehru

    Nehru’s massive strategic blunder – How Nehru gave Coco Islands to Burma that China later grabbed

    Turkey, Hagia Sophia

    Hagia Sophia is not the only one: Turkey has a shameful history of desecration

    • Culture
    • History
    • Indology
  • Lounge
    • All
    • Books
    • Cinema
    • Food
    • Health
    • Satire
    • Sports
    • technology
    • Travel
    Indian TV Series, Sequel

    Sequels and second seasons don’t work in India. What happens to the Indian directors after first movie and first season of TV series?

    contact lenses

    5 Reasons Why Your Eyes Get Watery While Wearing Contact Lenses

    Employees

    Biometric Attendance System Can Push Employees towards Productivity

    coronavirus

    Wondering If You Need Masks in 2021? Read This

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
  • Newswire
No Result
View All Result
TFIPOST
No Result
View All Result
  Newswire
Winning starts for Manika, Sutirtha at Oly qualification tourney 1 month ago
Top Jaish man Sajjad Afghani killed in Kashmir (2nd Ld) 1 month ago
Akhilesh vs Yogi in hoarding war 1 month ago
Court grants bail to 7 accused in JNU sedition case 1 month ago
India’s WPI inflation rises to 4.17% in Feb 1 month ago
AstraZeneca: No evidence of high blood clot risk from vaccine 1 month ago
Next
Prev

Karnataka government’s loan waiver scheme was intended to benefit very few

Amit Agrahari
by Amit Agrahari
13 December 2018
in Analysis
0
Congress, Loan Waiver

PC: financialexpress

608
SHARES
660
VIEWS
Sharre via FacebookShare via Twitter

The Congress governments are well known for manipulating people’s aspiration. In its election manifestos, the party frequently makes promises which are not feasible, for example, successive manifestos promised universal healthcare but it was not implemented in the last six decades. In a similar manner, the party promised farm loan waivers in Karnataka if elected back to power but it has not been done so far. Some people voted for the party with the hope that the party will deliver on its promise. But the Congress and JD(S) only seem to be cheating people in the name of a loan waiver. The government announced waiver of up to 1 lakh rupees of crop loans in case the loans are taken from nationalized or cooperative banks.

The alliance government put forward 11 conditions for a farmer to get the loan waiver. These 11 conditions were put to make the loan waiver more exclusionary as the state government does not have enough money to waive loans of all the farmers. The conditions include, the farmer must pay the outstanding amount over 1 lakh including the compounding interest to be eligible for the loan waiver. If a person has filed an income tax return in any of last three fiscal years would not qualify for a loan waiver. The farmers who have taken gold loans will also not be eligible for the scheme. A family member of the farmer can’t receive the loan waiver if the loanee farmer dies. The farmers who either have received vehicle loan or fodder loan will not be eligible for the waiver. Those working in cooperative or government sectors with a monthly salary of 20,000 rupees will also not be eligible for the loan. 

These conditions were put to exclude as many people as possible from farm loan waiver. The state government presented the budget of 2.13 lakh crore rupees and put aside 34,000 crore rupees for loan waiver which is 16 percent of the state budget. The fiscal deficit of the state increased to 47,134 crore rupees from 40,753 crore rupees in the previous year’s budget. Total liabilities of the state increased to 2.92 lakh crore from 2.86 crores in the previous budget. So, the fact is that the Karnataka government does not have enough fiscal space to spend even 34,000 crore rupees because the state is already under huge debt. The state government is basically trying to save money so that it could act in a fiscally responsible manner.

Despite all the promises of solving farmer’s issues, the coalition government reduced the spending on agriculture from 9.2 percent of the total budget in last year to 8.9 percent in this budget.

Now, the coalition government is forced to deliver on its promise of farm loan waiver and therefore, it had to find a way to manipulate the waiver by putting various constraints. Congress used the same old technique of complicating access to loan waivers to confuse farmers. Now, the party might go to the media and say that it delivered on the promise but in reality, very few people got the benefit and money spent for the purpose is also very little.

The promise of a farm loan waiver could be a good example of how Congress makes populist promises despite being aware of the nuances of it. The party finds itself unable to deliver on all those promises. Earlier, in previous elections as well, the party promised universal school education, universal healthcare, food security, mobile phones, fast internet connections, white goods but they do not seem to be coming true. The fact remains that despite all these populist promises, the party delivered on very few.

Tags: CongressFarm loan WaiverKarnataka
Share608TweetSend
Previous Post

Complicity in anti-Sikh riots, name in Radia tapes and other allegations against the new CM of MP

Next Post

How will the BJP perform in the 3 states that it just lost in 2019 Elections!

Amit Agrahari

Amit Agrahari

Engineering grad but Humanities and social sciences are my forte. Avid reader of religious Scriptures (Especially Hindu), Lord Shiva devotee

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

  • Most Read
  • Latest
Xi Jinping, coronavirus, Shinzo Abe, china, Japan, coornavirus, COVID-19, Wuhan Virus

‘Pack up and get out of there,’ Japan to spend $2.2 billion to get Japanese companies to exit China

9 April 2020
ajay devgn karan johar

The man who bullied the Bully – How Ajay Devgn made Karan Johar’s monopoly a joke and forced him to apologize

22 June 2020
Huawei, China, Trump, USA, Xi Jinping

‘Our survival is at stake now,’ Chinese Telecom giant Huawei crumbles after US ban on Semiconductor exports

19 May 2020
T-Series Sonu Nigam Divya Khosla Kumar Bhushan Kumar

T-Series forced to take down Atif Aslam’s video, Divya Khosla trolled. T-Series has a bad day in office

25 June 2020
Indian TV Series, Sequel

Sequels and second seasons don’t work in India. What happens to the Indian directors after first movie and first season of TV series?

15 April 2021
Mamata Banerjee, West Bengal, BJP, urban Bengal

Urban areas in West Bengal have been a stronghold of TMC, but this time BJP is likely to sweep them

15 April 2021
India, Russia, Jaishankar

‘This is the new India’: India slams Russia after taking on US, China and Europe

15 April 2021
Kerala CM Pinarayi Vijayan, KT Jaleel

Why Kerala CM Pinarayi Vijayan desperately tried to protect tainted minister KT Jaleel

15 April 2021

Popular This Week

punjab dbt
Trending

‘Follow the system or we will not procure the crop,’ Piyush Goyal’s warning leaves Punjab govt no choice as Amarinder caves in

by Abhinav Singh
9 April 2021
Chhabra riots, national media
Trending

Large scale anti-Hindu riots in Chhabra, Rajasthan. National Media ignores it just like the Bhainsa riot

by TFIPOST News Desk
13 April 2021
Arnab Goswami, Mumbai Police, Sachin Vaze
Trending

As the cops who sent him to jail are in jail so Mumbai Police closes Arnab Goswami case

by Sanbeer Singh Ranhotra
12 April 2021
Yati Narsinghanand, Kamlesh Tiwari
Opinions

Hindus are now doing for Yati Narsinghanand Saraswati what they should have done for Kamlesh Tiwari

by Sanbeer Singh Ranhotra
14 April 2021
bjp sangeeta sengar
Opinions

It was wise of the BJP to cancel Kuldeep Sengar’s wife’s ticket but extremely unwise to give her the ticket in the first place

by Abhinav Singh
12 April 2021

©2021 TFI Media Private Limited

  • Terms of use
  • Privacy Policy
  • Sitemap
No Result
View All Result
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
  • Newswire
TFI Official Merchandise
हिन्दी
  • About us
  • Columnists
  • Careers
  • Brand Partnerships
  • rightlog is now TFIPOST

©2021 TFI Media Private Limited