Advice | Farm loan waivers are harmful to the economy, for banking institutions - as well as for farmers

Information now suggests that this elixir of governmental survival is causing structural harm and has to be stopped before it becomes irreversible.

One might be forgiven for thinking that politicians pray for the monsoon that is bad of election years to enable them to dole down loan waivers. Issue is, freebies may look altruistic but they are doing more harm than great for the economy generally speaking and farmers in specific.

Loan waivers had been a shrewd brain. In place of utilizing celebration funds to offer away freebies and garner votes, politicians developed the loan waiver, at a high price towards the exchequer (sooner or later, all of us). Read more