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When the agriculture sector is seeing a negative growth how can one say that they will double the farm income? The government should define how they propose to double the farm income," he asked. Chavan said the industrial growth of Maharashtra slumped to 6.5 per cent from 7.2 per cent in 2015-16 and 6.9 per cent in 2016-17. "In the last three years, 3557 industries have closed down while the job growth too is minimal," said Chavan, who had served as the Minister of State in the Prime Minister's Office (PMO). Though the Economic Survey stated the state debt is Rs 4.13 lakh crore, the figure is likely to go up to Rs 4.40 lakh crore, he said. "If the government takes loan, then it should be utilised for welfare schemes. However, the state government is not giving money for the farm loan waiver and development projects that generate employment," said the Congress leader.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
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