Are farm loan waivers really so bad?
The Centre and states need to work together to evolve a farm loan model which protects both farmers and banks without bringing politics into it
In recent months, the pink press has gone to town against a series of announcements by various state governments declaring their intent to waive farm loans to varying extents. It all began with the new chief minister of Uttar Pradesh (UP), Yogi Adityanath, making this his first substantive economic announcement, in keeping with his party’s manifesto, although there was no overt demand from UP farmers then. Ever since, farmer agitations and suicides have snowballed across the country, compelling other state governments to consider this as a serious option for relieving farmers’ distress.
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