header logo
Vallibel FD
Mogo Academy
Selan Bank
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He faced fraud charges which were later withdrawn because he had abandoned his claim to the land.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

 

 

 

Disclaimer: All the comments will be moderated by the AD editorial. Abstain from posting comments that are obscene, defamatory or slanderous. Please avoid outside hyperlinks inside the comment and avoid typing all capitalized comments. Help us delete comments that do not follow these guidelines by flagging them (mouse over a comment and click the flag icon on the right side). Do use these forums to voice your opinions and create healthy discourse.

Comments

0
Comments are disabled

Note: Due to legal constraints, the Ada Derana Editorial team has taken a decision to disable comments on all articles concerning ongoing court procedures.

MostRead
Mobitel 1278
VideoStories
Sri Lanka rejects US pressure over Iran vessels; FM reaffirms sovereignty, humanitarian commitments

Sri Lanka rejects US pressure over Iran vessels; FM reaffirms sovereignty, humanitarian commitments

“Is the Govt. promoting diesel mafia's agenda?” Govt. curtailing renewable energy projects- Sajith

“Is the Govt. promoting diesel mafia's agenda?” Govt. curtailing renewable energy projects- Sajith

Galagoda Aththe Gnanasara Thero remanded after arrest; Appeals Court to decide next steps tomorrow

Galagoda Aththe Gnanasara Thero remanded after arrest; Appeals Court to decide next steps tomorrow

Colombo International Book Fair draws over 2.5 million visitors;Derana commended for public outreach

Colombo International Book Fair draws over 2.5 million visitors;Derana commended for public outreach

Minister Nalinda assures no decisions against national interest over stranded Iranian vessels

Minister Nalinda assures no decisions against national interest over stranded Iranian vessels

Korea remains a vital economic partner for Sri Lanka - Minister Anil Jayantha

Korea remains a vital economic partner for Sri Lanka - Minister Anil Jayantha

Severe lecturer shortage across state universities in Sri Lanka - FUTA

Severe lecturer shortage across state universities in Sri Lanka - FUTA

89 companies illegally remitted Rs. 190 billion overseas between Jan. 2023 and Sep. 2025

89 companies illegally remitted Rs. 190 billion overseas between Jan. 2023 and Sep. 2025

 Brother of underworld figure "Loku Patty" shot dead in Ahungalla amid gang feud

Brother of underworld figure "Loku Patty" shot dead in Ahungalla amid gang feud

 Iranian oil tankers stranded off Sri Lanka amid US sanctions pressure

Iranian oil tankers stranded off Sri Lanka amid US sanctions pressure

 CPC bears a loss of Rs. 66 on every litre of diesel - CPC Chairman explains fuel subsidy

CPC bears a loss of Rs. 66 on every litre of diesel - CPC Chairman explains fuel subsidy

Govt. to provide Rs. 40 bln fuel subsidy amid surge in global fuel prices

Govt. to provide Rs. 40 bln fuel subsidy amid surge in global fuel prices

 Case against ex-President Ranil adjourned until November for Attorney General’s advice

Case against ex-President Ranil adjourned until November for Attorney General’s advice

Appeals Court dismisses MP Dilith Jayaweera’s writ application over contempt referral

Appeals Court dismisses MP Dilith Jayaweera’s writ application over contempt referral

Sri Lanka at UN backs Palestinian rights; FM Herath urges stronger multilateral action & UN reforms

Sri Lanka at UN backs Palestinian rights; FM Herath urges stronger multilateral action & UN reforms

Lassana Flora