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what is the impact of crop loan waiver on banks?
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Answer Posted / srabani
The answer is NO and no second thoughts about it.
For how many years can loan be waived off? Only this year
then why not next year and the year next and so on so forth?
If only one set of farmers get loan waivers this year then
why won't the others get the same next year?
And for how many years can a developing country such as
ours afford to waive off loans?
Instead, the money which is given off as loans can be
utilized to modernize agricultural methods, develop
irrigation facilities, use good quality seeds, and
techniques, coupled with enhaced tools and train the
farmers on using them, it will obviously yeild better
results.
It is the agriculture sector that needs to be supported and
not the individuals in this case.
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