It is very naive of our analysts not to consider all details before commenting.
In all these years, the government is subsiding the banks for the Agriculture loans they give out. Both for the interest as well as for the possible bad debts.
Here is the details that is summed up to Rs. 60,000 Crore.
And in this case of loan waiver, not much is to be assigned for by the government.
And this is not what our analysts are looking into.
I have gone through a report that is being prepared for the purpose by a Regional Office of SBI. And they have mention these facts in their fact sheet that was to be transmitted to their Local Head Office.
So the entire workout for the government may not be even 10% of what it is projected in the budget.
