Question

Counter view on farm loan waiver is no solution for Indian agricultural

Answer 1

Since Independence, one of the primary objectives of India’s agricultural policy has been to improve farmers’ access to institutional credit and reduce their dependence on informal credit. As informal sources of credit are mostly usurious, the government has improved the flow of adequate credit through the nationalisation of commercial banks, and the establishment of Regional Rural Banks and the National Bank for Agriculture and Rural Development. It has also launched various farm credit programmes over the years such as the Kisan Credit Card scheme in 1998, the Agricultural Debt Waiver and Debt Relief Scheme in 2008, the Interest Subvention Scheme in 2010-11, and the Pradhan Mantri Jan-Dhan Yojana in 2014.

Answer 2

Answer:

it is an topic related to our economy

Explanation:

in a article published in June when the farmers agit agitation were raging across india in the web idea of India Sen argued that there was no empirical evidence to suggest that farmers loan waivers led to either erosion of credit culture or a great moral hazard is a situation where people like to suffer from reckless borrowing behaviour, knowing full well that the risk is brone by someone else - usually by government