Waiver contagion1 min read . Updated: 21 Jun 2017, 01:33 AM IST
There is a risk that after opting for farm loan waiversa politically convenient solutionthe political class will lose sight of the structural reforms badly needed in agriculture
Keeping the Congress’s electoral promise, Punjab’s Amarinder Singh government has declared that it will waive off loans up to Rs2 lakh for small and marginal farmers. Following on the heels of the Uttar Pradesh and Maharashtra governments, this will inevitably boost the demand for loan waivers in other states.
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