The DMK & Congress Farmer Loan Waiver Model for Tamilnadu: How farmers were fooled!

After coming back to power in 2006, DMK announced Loan waivers for all farmers. Total loans taken in 4000 Co-operative societies was ₹6526 Crore.

TN Finance minister in his iconic Budget Speech of 2007 said the waived amount of co-operative loans would be reimbursed to the co- operative institutions in 5 instalments with 8 percent interest to ensure the continued functioning https://t.co/Xipm1UgYxt
DMK did not pay the dues to Cooperative banks. They went to UPA asking for 5000 Crores funds. Central Govt showed them the door not wanting to set a bad precedence https://t.co/zaHYSqs8X7
Early 2008, Banks still not paid their dues. Karunanidhi was still hoping centre will fund his electoral promise. https://t.co/VBdWmMpxnO
To DMK’s favour, before the 2009 Loksabha elections, UPA announced Farm loan waivers of 60,000 Crores including the ₹6526 Crores committed by DMK in 2006. Point to note: Banks not paid yet https://t.co/VvwWwVWlZz
After 7 years, in 2016, AIADMK announced Farm loan waivers of ₹6,095 Crores. Officials were shocked to notice 80% of loans waived off in 2006 appeared in the list. Neither did DMK nor Congress waive off loans. https://t.co/2NpTeVmKUE
When you don’t pay the bank, the bank cannot generate liquidity to loan again. This is how Agricultural output was killed in TN after 2006. It picked up only after 2017. If DMK says they’ll waive of loans, you know how it is now.

More from Krishna Kumar Murugan

Save Kattupalli?? From whom?
Yet another Flip Flop of DMK

Most print media including the Wire & News Minute had taken up the expansion of Adani’s Katupalli port.

The National Herald had also reported this with a political flavour. But vital details missing in all these.


The Kattupalli port received approval & began construction during the DMK Regime. Surprised to see questions posted by them now on the need of this port when chennai already has 2 ports. EIA submitted in 2008 by L&T and the port became operational in 2013
https://t.co/YQVsmdBE19


The EIA submitted in 2008 had clear mention of no fishing activity near the coastal areas.

The future expansion plan also was part of the initial proposal that was submitted.

Also find the proposed development plan. Now compare it with the initial proposal. No change at all.


See the biased reporting of The Wire.

As per the application for environmental clearance submitted by MIDPL in 2018, 1087 acres of sea area will be reclaimed by using the dredged sand but Wire reports it as 2000 acres.

https://t.co/ie7KR3J1tK


Total proposed area of expansion is 5238 Acres as per the report, Wire calls in 6111 acre master plan. Not sure where they got these information.

And the most important point to note in all these is MIDPL expansion proposal submitted by L&T, even before Adani acquired it.

More from All

You May Also Like

“We don’t negotiate salaries” is a negotiation tactic.

Always. No, your company is not an exception.

A tactic I don’t appreciate at all because of how unfairly it penalizes low-leverage, junior employees, and those loyal enough not to question it, but that’s negotiation for you after all. Weaponized information asymmetry.

Listen to Aditya


And by the way, you should never be worried that an offer would be withdrawn if you politely negotiate.

I have seen this happen *extremely* rarely, mostly to women, and anyway is a giant red flag. It suggests you probably didn’t want to work there.

You wish there was no negotiating so it would all be more fair? I feel you, but it’s not happening.

Instead, negotiate hard, use your privilege, and then go and share numbers with your underrepresented and underpaid colleagues. […]