New Delhi: Amid a nationwide unrest among farmers demanding a blanket waiving off their bank loans, Finance Minister Arun Jaitley yesterday said that the States that are keen on granting such loan waivers should arrange funds from their own resources.

Jaitley’s comment comes after Maharashtra Government announced a total loan waiver for farmers in the State.

“I have already made the position. States which want to go for these kind of schemes, will have to generate them from their own resources. Beyond that as the Central Government, I have nothing to say,” Jaitley told reporters.

The Finance Minister was speaking after the morning session with heads of public sector banks to discuss their festering bad loans situation.