header logo
SLIC
Entertainment
Amitabh Bachchan pays off farmers’ loans worth $500,000
Nov 20, 201811:35 PM
Amitabh Bachchan pays off farmers’ loans worth $500,000
Mobitel inner 1278

Bollywood superstar Amitabh Bachchan says he has cleared farmers’ loans worth more than 40m Indian 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.

 

Tens of thousands of Indian farmers struggle with debt.

 

For decades now, the farming industry has been blighted by drought, the depletion of the water table, declining productivity and a lack of modernisation.

 

Farm suicides have been linked to these issues - at least 300,000 farmers have taken their lives since 1995.

 

Bachchan, who is 76, remains one of India’s most popular and best-known actors.

 

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 Indian 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.

 

The veteran actor has also been involved in controversy in connection with farm land. In 2007, a court ruled that a 90,000 sq ft plot had been illegally allocated to him.

 

He faced fraud charges which were later withdrawn because he had abandoned his claim to the land.

 

Source: BBC
-Agencies

 

 

 

MostRead
Mobitel 1278
VideoStories
‘Welle Saranga’ arrested in Dubai; Multiple drug trafficking and murder claims surface

‘Welle Saranga’ arrested in Dubai; Multiple drug trafficking and murder claims surface

“Public trust key to a strong police service” Another 10,000 new officers to be recruited

“Public trust key to a strong police service” Another 10,000 new officers to be recruited

“Loudspeaker misuse causing public inconvenience” Police to take stern action against offenders

“Loudspeaker misuse causing public inconvenience” Police to take stern action against offenders

"Govt. will not back down" Extension of judges’ retirement age a key reform,Justice Minister insists

"Govt. will not back down" Extension of judges’ retirement age a key reform,Justice Minister insists

Wheat flour price hiked by Rs. 17;  Parata, egg roti prices to rise by Rs. 5

Wheat flour price hiked by Rs. 17; Parata, egg roti prices to rise by Rs. 5

Trump says US is taking partial control of  Venezuela's vast oil reserves

Trump says US is taking partial control of Venezuela's vast oil reserves

Sevanagala sugar factory halts production,  staff granted leave

Sevanagala sugar factory halts production, staff granted leave

Narcotics crisis persists as majority of remand prisoners  face drug-related charges

Narcotics crisis persists as majority of remand prisoners face drug-related charges

Sri Lanka extends USD 1 million  humanitarian assistance to flood-hit Nepal

Sri Lanka extends USD 1 million humanitarian assistance to flood-hit Nepal

President says no more debate on banning Perahera as Kandy Esala Perahera concludes successfully

President says no more debate on banning Perahera as Kandy Esala Perahera concludes successfully

Sri Lanka’s agriculture sector faces  growing impact from prolonged dry spell

Sri Lanka’s agriculture sector faces growing impact from prolonged dry spell

Colombo Port enters global top 20  after strong container volume growth

Colombo Port enters global top 20 after strong container volume growth

Large crowds gather in Kandy to witness historic final Randoli Perahera

Large crowds gather in Kandy to witness historic final Randoli Perahera

 Youth arrested for managing Facebook groups and pages sharing explicit images of women and children

Youth arrested for managing Facebook groups and pages sharing explicit images of women and children

 BASL raises concerns over 22nd Amendment, calls for responsible scrutiny of judiciary

BASL raises concerns over 22nd Amendment, calls for responsible scrutiny of judiciary

Lassana Flora