CM Devendra Fadnavis said that instead of waiving off loans, the government wanted to build a system where a farmer would not need loans. “We have decided to invest Rs 25,000 crore in the next five years (Rs 5,000 crore every year),” said Mr Fadnavis. He said there was a strain on state resources and to manage the additional burden of Rs 5,000 crore every year, the state government will have to introduce “farmer tax”.
Further, he said, “We will stay alive only if farmers will be able to survive and hence we should not hesitate in taking on some burden.”The CM also announced the cost of educating children of the families affected by farmer suicide would be borne by the state. “The state has decided to bear the burden for educating children from families affected with farmers,” Mr Fadnavis said.
He reiterated the government would initiate criminal proceedings against nationalised banks for not providing agricultural loans to farmers. “We have all the right to register FIRs against such banks and RBI has not stopped us, CM said.