Bollywood Star pays off loans of 1400 farmers

Bollywood Star pays off loans of 1400 farmers

Bollywood superstar Amitabh Bachchan has always been loved by film directors, and his fans. At the age of 76 he continues to act and direct films, he is most famous for being the host of Kaun Banega Crorepati, the Indian version of Who Wants to be a Millionaire, and one of the most watched shows on Indian television. He hasn’t let his fame get the best of him, unlike most of the people or actors of his age he is a social media Davy and runs his own blog.

And few days back he states that he has “taken care” of 1,398 farmers by paying off their debt which has a combined worth of 40m rupees ($560,000; £436,000) adding that he felt a “sense of accomplishment”.

The farmers are from Northern State of Uttar Pradesh which is also home to where the star was born.

Many celebrities donate to charity but Mr.Bachchan’s effort has changed the fate of many farmers that struggle with debt.

For many centuries Agriculture has been the prime occupation of India but in the past few decades, there has been an increase in the suicide rate of farmers due to many reasons such as being blighted by drought, depletion of the water table, declining productivity and a lack of modernisation.

Since 1995 as far as 300,000 farmers have suicided and 

Mr. Bachchan, 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 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 and 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.