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Exactly exactly How will farm loan waivers affect the Indian economy?

Exactly exactly How will farm loan waivers affect the Indian economy?

Farm loan waivers will stress the funds of states, and damage both farmers and banking institutions on the long term

The monetary policy committee (MPC) of the Reserve Bank of India (RBI) pointed out that the implementation of farm loan waivers across states could hurt the finances of states and make them throw good money after bad, and stoke inflation in its policy statement released last week.

Simply how much of an impression will the waivers have actually regarding the economy that is indian?

A Mint analysis suggests that the cumulative effect of farm loan waivers may very well be less than compared to the power-restructuring package, Ujwal Discom Assurance Yojana (UDAY), unless they’ve been extended to any or all Indian states.