UP will have to find own funds for loan waiver: FM Arun Jaitley

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(ET)

The Narendra Modi led government on Thursday virtually made it clear that Yogi Adityanath’s government in Lucknow will have to find resources from the state exchequer for honouring its assembly election promise of a farm loan waiver.

A signal to this effect was sent by finance minister Arun Jaitley in the Rajya Sabha while replying to the discussion on Appropriation Bill on Thursday. “If any state government is capable and want to move in that direction,that state will have to find its own resources,” Jaitley said, responding to a clarification by Samajwadi Party member Naresh Agarwal about Prime Minister Narendra Modi’s promise of a farm loan waiver during UP elections. The finance minister, in fact, justified this position of the central government, suggesting that a statespecific decision could be discriminatory. .

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