Economy

Amitabh Bachchan becomes farmers' star after clearing loans worth Rs 4 crore

Updated : November 21, 2018 06:50 PM IST

India's farmers have been hit hard by a drop in commodity prices, stagnant wages, record fuel prices and high fertiliser costs, sparking rallies across the country this year calling for better prices for produce and loan waivers.

Farmers and other agriculture workers together make up about half India's 1.3 billion people.

Bollywood veteran Amitabh Bachchan was hailed on Wednesday as a star of India's farmers after clearing loans worth more than Rs 4 crore as an agricultural crisis forces many rural workers into extreme poverty.

Farmers and other agriculture workers together make up about half India's 1.3 billion people.

"It is a very big problem that has left farmers across the country in dire straits," Rakesh Tikait, spokesperson of the Bhartiya Kisan Union (Indian Farmers' Union) told the Thomson Reuters Foundation in a phone interview.

"The government policies are flawed and need an overhaul. We are fighting for that change but are thankful for any help that comes along the way."

Tikait said Bachchan's gesture might have been symbolic but it meant a lot for farmers who were struggling to survive.

More than 12,600 farmers and agricultural workers committed suicide in 2015 alone, accounting for about 10 percent of all suicides in India, with almost 60 percent of suicides caused by bankruptcy and indebtedness, according to official data.

Bachchan, one of Indian cinema's most revered actors, wrote in his blog this week that he had helped 1,398 farmers from the northern state of Uttar Pradesh and felt a "sense of accomplishment".

"Gratitude leans across to the desire of removing some of the burdens that farmers continue to suffer ... and the inner peace it generates when the desired is completed," he wrote.

Amitabh Bachchan becomes farmers' star after clearing loans worth Rs 4 crore

You May Also Like

Exclusive | As India faces shortage of remdesivir, Cipla says its supplies will hit market in next 1-2 days

Policy change on international students is misguided, say US universities and lawmakers

Coronavirus News highlights: Mumbai logs lowest cases in nearly 2 months; Delhi records over 2,000 fresh COVID-19 cases

Trending on CNBC-TV18

recommended for you