Bachchan pays off UP farmers’ loans worth $500,000

Author: Agencies

Bollywood superstar Amitabh Bachchan says he has cleared farmers’ loans worth more than than 40m rupees ($560,000; £436,000). He wrote on his blog on Tuesday that he had “taken care” of 1,398 farmers by paying off their debt, adding that he felt a “sense of accomplishment”. All of the farmers are from the northern state of Uttar Pradesh, where Bachchan was born. He cleared loans that were owed to the government-owned Bank of India, which has issued a “one time settlement document and certificate”, according to his blog post. He said that he had paid dues worth more than 40m rupees. “I shall wish of course to give these settlements, these confirmations that their loans have been paid off, personally,” Bachchan wrote. Since it would difficult to bring all of the farmers to Mumbai city, where he lives, he said he had reserved a train coach to bring 70 of them to meet him to receive the bank documents. They are expected to arrive on 26 November. Earlier this year Bachchan paid off the loans of 350 farmers from Mumbai’s Maharashtra state. Thousands of farmers in the state staged massive protests last year demanding loan waivers and better crop prices.

Published in Daily Times, November 21st 2018.

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