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Punjab CM Channi Writes To PM Modi, Seeks Complete Waiver Of Farmers’ Debt

The Chief Minister Of Punjab Charanjit Singh Channi has written to Prime Minister of India Narendra Modi on Tuesday, requesting full debt forgiveness for farmers and farmworkers, as well as shouldering the state's responsibility.

With your annulment of the three agricultural laws, the peasants and the administration have come an inch ahead to addressing lingering problems that have gained centre stage, Channi stated in a letter written a day after the three agricultural laws were abolished in Parliament. The most important concern is agricultural debt.

During a discussion with farmer representatives in Chandigarh lately, Channi stated that the problem of farm debt remained unresolved at his level. Nevertheless, the Chief Minister stated that a glimmer of optimism has emerged as a result of the Indian administration's shift instance on farm regulations.

On the 19th of November 2021, Prime Minister Narendra Modi declared that the farm regulations would be overturned, aligning with the Gurpurb to commemorate Sikhism's founder Guru Nanak Dev's 552nd birthday. Following the rejection of the three legislation in Parliament, a significant group of farmers and agricultural organisations affiliated with the Samyukt Kisan Morcha (SKM) are protesting at the Delhi border, demanding approval of six more requests, none of which include debt relief.


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Punjabi farmers' loans have surpassed one lakh crore rupees.

To solve this problem and eliminate the indebtedness of the farmers and farmworkers and get it over with, Channi offered to A Ceth PM that a centre-state shared scheme of an acceptable ratio spread over some time with adequate mechanisms be established.

According to estimates, Punjab's total debt to the agrarian class, both institutional and non-institutional, has surpassed Rs 1 lakh crore.

When Captain Amarinder Singh was in charge of the state, the Congress administration forgave a debt of Rs 4,610.24 crore owed by 5,63,718 peasants. After a violent power struggle with Punjab Congress head Navjot Singh Sidhu, Channi seized over from Captain Amarinder Singh on the 20th of September.

As Captain Amarinder was brought in as Chief Minister in 2017, the administration planned to contact out to 10.25 lakh peasants and forgive up to 10,000 crores in debts, but the proposal was scaled back to cancel loans of up to 2 lakh for small and marginal farmers in the state. It was also agreed to exclude income tax-paying farmers and those employed in the public sector from the programme.

Encourages the Prime Minister to start over.

Channi noted that whenever the PL480 type of wheat was brought from the United States becoming the backbone of the Green Revolution, Punjab's peasants took up the gauntlet of the country's food shortages. He claims that today's full godowns attest to their tireless labour. According to the CM, self-pride motivated farmers have hamstrung themselves underneath the burden of a pile of debt despite assuring food production.

Channi urged the Prime Minister to create a new beginning and seek to improve the overall agricultural environment in Punjab, as well as the country as a whole. They, as stakeholders, are willing to adhere to whatever alternative structure that is jointly agreed upon.