Rahul Gandhi Seeks Moratorium On Repayment Of Short-Term Crop Loans© business-standard.com

Rahul Gandhi Seeks Moratorium On Repayment Of Short-Term Crop Loans

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Congress leader Rahul Gandhi on Thursday wrote to Finance Minister Nirmala Sitharaman urging the Centre to extend the moratorium on repayment of short-term crop loans of farmers to December 31.

The former Congress Chief also asked the Centre to waive all penal interest on such loans

Drawing Centre's attention to the "acute" financial distress being faced by farmers across the country due to the continuing pandemic, Gandhi said his parliamentary constituency Wayanad in Kerala is home to a significant number of small and marginal farmers growing cash crops.

"As you are aware, large parts of Kerala were devastated by two consecutive years of flooding in 2018 and 2019. Just as the farmers were on their road to recovery, the COVID pandemic struck. This has severely heightened agrarian distress," said the Wayanad MP.