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PM Modi Likely To Announce Loan Waivers To Woo Farmer Votes

JAIPUR, INDIA – DECEMBER 4: Prime Minister Narendra Modi addresses an election campaign rally, ahead of the state Assembly elections, on December 4, 2018 in Jaipur, India. Rajasthan goes to polls on December 7. (Photo by Himanshu Vyas/Hindustan Times via Getty Images)

By: Radhakrishna N S

INDIA’S prime minister Narendra Modi’s government is likely to announce loan waivers worth billions of dollars to woo millions of farmers ahead of the 2019 general election, government sources said, after his ruling party suffered a rural drubbing in state polls. Modi’s Bharatiya Janata Party (BJP) lost power to the opposition Congress in three big heartland states, where agriculture is still a mainstay, according to vote counting on Tuesday (11). To claw back support among India’s 263 million farmers and their many millions of dependents, Modi’s administration would soon start working out the details of a plan allocating money to…

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