Waiver of agricultural loans is not new for the Govt. the ill effects a]basic principle of borrow and repay are at stake. b] When it is blanket waiver it is like putting premium on dishonesty. A person who repaid promptly, what he is going to get. c] Those who could get crops and those who lost them are put on single platform. d]whether it is applicable to coop banks and commercial banks alike. What is the position in case of multiple borrowings,mostly agriculturists borrow from both banks. e]Is it only one time election year exercise or repeat performance every year expected.
What ever it is agriculturists are benefitted. The better course would be providing agricultural inputs and irrigational facilities, remunerative prices and marketing facilities, cold storage facilities for perishables etc at bare minimum cost to the agriculturists is a welcome measure. Any how our PM and FM are authority on this subject and I congratulate them for the relief given to farmers.
