Loan waiver has become fashion, should be waived in extreme situations: Naidu

June 22, 2017 11:57

Even as another debt-ridden farmer committed suicide in Madhya Pradesh, Union Urban Development Minister M Venkaiah Naidu has said loan waivers have become fashionable now and should be waived in extreme situations only.

"Loan waiver has become fashion now. It should be waived but in extreme situations only. It's not a final solution. You have to take care of systems. The farmers should be taken care in distress," Naidu said at India's largest municipal bond programme in Mumbai.

Meanwhile, the farmers protest in Maharashtra turned violent on Thane-Badlapur highway as the protesting farmers said that their land is being acquired by the Ministry of Defence. Additional forces have been sent to the spot including riot control vehicles.

Madhya Pradesh's Mandsaur district became the epicentre of farmers' agitation over a demand for loan waivers and better prices for their produce.

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