All recent reforms mooted on farm credit do not address the needs of farmers for whom formal credit doors are shut
Farm distress has been a sadly persistent feature for the past five years, the initial two years on account of failed rains, but in the last three years because of policy failure on a number of fronts, including, most visibly, unremunerative prices for farm produce. That it shapes electoral outcomes has also been known since, at least, the Gujarat elections. But what is new with the recent five state elections is that a particular palliative, farm loan waivers, is now seen as a necessary promise for electoral victory. There are some curious features to this.