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Why not one-time loan waiver in Karnataka?

Why not one-time loan waiver in Karnataka?

Telangana Rashtra Samithi leader and IT minister K T Rama Rao does not lose any opportunity to take pot shots at the Congress party, whenever he gets it.

In his latest attack, KTR gave a strong punch on none other than Congress president Rahul Gandhi on the announcement made by the Congress-JD (S) government in Karnataka on waiver of crop loans worth Rs 35,000 crore in four instalments.

In a posting on twitter, KTR questioned why the Congress had failed to implement the farm loan waiver at one go in Karnataka where it formed a coalition government in alliance with JD(S). 

While the TRS implemented the scheme in four instalments, the Congress party in Telangana criticised the TRS government for not doing it at one go.

But on Friday, when the Karnataka government announced the scheme, it said the farm loans would be repaid to banks in four annual instalments.

Rahul Gandhi tweeted that the budget was an opportunity for the Karnataka government to make the State a symbol of hope for farmers all across the country.

He also expressed confidence on the Congress-JD(S) coalition government waiving farm loans and make agriculture more profitable.

“Your party in Telangana claims that loan waiver can be done in 1 go! Wonder why/how the same party can’t get it done in Karnataka?” KTR asked.

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Tags: Congress loan waiver Karntaka JDS