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Farm loan waiver backfires!
by Shiva on Apr 04, 2008 12:52 PM

Farm loan waiver has backfired on UPA & Congress.

Only 1 in 10 farmers do not repay their loan and all those who repaid feel they have been let down.

80% of the farm loans are through informal route and banks exposure to farmers in the form of NPAs is only Rs. 7300 Crores.

PC thought he was too intelligent to transfer 60,000 Cr liability to the successive governments. But he is a Harvard educated fool.

Shiva

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