Waive all loans of Peasants and Agricultural Labourers
Fix MSP at 1.5 times the cost of Production
Liberalization, Privatization, Globalization have led to Costly Inputs, Falling Rates, Indebted Peasants, Hungry People
Agriculture is in deep crises. Input costs and rates of crops are against the peasants and in favour of companies. The “Green Revolution” model of agricultural development has favoured imperialist companies. PM Modi had promised to double farmers’ income in 5 years, waive their loans and make MSP 1.5 times the cost of production as per recommendations of Swaminathan Commission. Centre announces MSP of only 24 crops but this year it has announced MSP for 19 Kharif crops. Out of these the MSP of 9 crops is less than the Govt. assessed cost of production of those crops. BJP-RSS govt. is reneging on its 2014 election manifesto and promises.
Some states announced some loan waivers under pressure from peasant movements, but the central declarations were against these waivers. The Govt. says it does not have money for loan waivers and subsidies. If that is done the banks will suffer losses. But it has put Rs 10 lakh crore worth of corporate loans under NPAs which will not be recovered.… Read More