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Not considering any farm loan waiver: Centre
New Delhi, July 24 (IANS) The Centre is not going to offer farm loan waiver as it may incentivise the defaulters and discourage the borrowers who have been repaying their loans, Parliament was told on Tuesday.
“The Union Government, at present, is not considering any loan waiver scheme for farmers, as such, waivers may impact the credit culture of a state by incentivising the defaulters, even if they are in a position to repay the loan, and thus, create/amplify the moral hazard by discouraging those borrowers who have been regular in repaying their loans,” Minister of State for Agriculture Parshottam Rupala told the Lok Sabha in a written reply.
Further, each waiver granted makes it even more difficult to reject any future similar demand, he said.
The Minister also said that state governments of Tamil Nadu, Maharashtra, Karnataka, Uttar Pradesh, Jammu and Kashmir, Punjab, Chhatisgarh, Andhra Pradesh , Telangana, and Union Territory of Puducherry have announced their own loan waiver schemes in the past.
Tamil Nadu waived off Rs 5,318 crore to provide relief to 12,02,075 farmers while Maharashtra’s debt waiver of Rs 30,500 crore benefitted 31 lakh farmers.
The Karnataka government scheme covered 22 lakh farmers with amount of debt waiver of Rs 8,165 crore while Uttar Pradesh allocated Rs 36,359 crore for loan relief.
Jammu & Kashmir waived was Rs 244 crore for 1.15 lakh farmers while Punjab Government announced debt waiver to the tune of Rs 10,000 crore covering 10 lakh farmers, as per the Minister.
Chhattisgarh government announced 25 per cent of debt amounting to Rs 129.76 crore for 1,89,379 farmers.
The Minister also told Lok Sabha that Puducherry announced the agriculture loan waiver covering loans of all agricultural and allied activities availed through the cooperative structure.
–IANS
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Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma
World-renowned business tycoon Dr. Abhishek Verma has supported Foodman Vishal Singh’s Hunger-Free World mission. In memory of his mother, Late Veena Verma, who was a 3 term Rajya Sabha MP.
Dr. Verma dedicated a state-of-the-art free permanent shelter for the attendants of patients at KGMU Medical University, Lucknow, under the aegis of Vijay Shree Foundation. His daughter, Nicolle Verma, inaugurated the shelter.
During the event, Foodman Vishal Singh honored Nicolle Verma by presenting her with a memento. Mrs. Nidhi Sharma and Avantika Yadav, associated with the organization, welcomed her with garlands. Following this, Nicolle Verma distributed essential items to the attendants and also handed out fruits. She became emotional remembering her grandmother on her birth anniversary.
On this occasion, she also inaugurated the “Veena Verma Sevalaya” in memory of her grandmother, Veena Verma, to serve the attendants. She expressed, “I feel proud that my family is engaged in nation-building as well as social service. Today, in collaboration with Vijay Shree Foundation founder Foodman Vishal Singh Ji, I feel immensely proud to dedicate this shelter for the poor, helpless, and needy attendants of patients battling serious illnesses like cancer. I am honored to be associated with the Hunger-Free World Mission for humanity.”
Inspired by the continuous humanitarian service provided by Vijay Shree Foundation over the past 17 years, Nicolle Verma donated 10 lakh rupees to support the cause. The purpose of this donation is to ensure that services continue for the needy attendants of patients suffering from severe illnesses in hospitals, as facilitated by Foodman Vishal Singh.
It is noteworthy that Dr. Abhishek Verma’s family has a legacy of public and philanthropic service. They are helping millions to carry forward the values and service work of their parents. On the occasion of his mother’s birth anniversary, Dr. Abhishek Verma dedicated this state-of-the-art permanent shelter at Lucknow Medical College to serve the attendants of patients through the Vijay Shree Foundation.
Supporting Foodman Vishal Singh’s Hunger-Free World mission, Dr. Abhishek Verma assured that he would continually support keeping this flame of humanity alive. He also promised to assist in providing medicines to the helpless patients.
Continuing her grandmother’s legacy of service, Nicolle Verma personally served food to the needy patients and attendants. She said, “It is our good fortune to have received the joy of doing this noble work today through Foodman Vishal Singh. I have taken another step forward in carrying my family’s values and cooperation by joining hands with the Vijay Shree Foundation. My father taught me to serve and help the needy, and I feel happy when I bring a smile to someone’s face.”
On the birth anniversary of the late Veena Verma, the event organizer, Vijay Shree Foundation founder Foodman Vishal Singh, said, “We feel proud and happy that Dr. Abhishek Verma, a globally renowned business tycoon, has extended his support to uplift our country from the hunger index. Today, on his mother’s birth anniversary, he inaugurated a state-of-the-art permanent shelter at Lucknow Medical College, which will always be helpful for the needy attendants of patients. It is a pleasure for me and the organization to receive the affection of Mr. Verma.”
The event was attended by General Manager Verma Family Office Hemant Garg, Sonu Rajput, and the organization’s volunteers, including Sandeep Singh, Parmeshwar Ji, Prashant Rao Gautam, Balram Singh, Ramesh Chaudhary, Suman, Jeetu, Anil, Suraj, Vinay, Manish Bhadauria, Manas Mehrotra, Vivek, Apurv, Happy, and others.