The United Progressive Alliance’s farm loan waiver programme is the most ambitious loan write-off in India’s history. With a deadline of 30 June, it is also a scheme fraught with logistical difficulties for banks. Over the next week Mint’s writers will report from across the country on the progress of this populist programme and its impact on farmers. Mint will also feature on its website first-person reports from farmers in interior Maharashtra on the waiver and how it helps or doesn’t help them. To see Mint’s coverage on the farm loan waiver go to www.livemint.com/greenthumb
To provide the numerical context of the farm loan waiver, Mint used data and analysis from the Invest India Incomes and Savings Survey 2007, produced by IIMS Dataworks. The survey provides the first 360-degree view of the financial behaviour and future investment intentions of the Indian workforce.
According to the survey, there are 321 million paid workers in India. Mint featured key findings from the survey through July last year in a series called India Unveiled. This year, IIMS Dataworks has sliced its data by states to provide insights on financial behaviour of Indians across states. Through the next month, Mint will run articles based on this data. To see all coverage based on the survey go to www.livemint.com/indiaunveiled