Question

View counter view on farm loan waiver is no solution for Indian agriculture

Answer 1

Counter view on farm loan waiver is no solution for Indian agriculture is as follows:

• The congress chief Rahul Gandhi pressurized the government by telling that he will not let the Prime Minister sleep until he gives loan waiver to the farmers.
• Loan waiver is not a permanent solution but a relief in short term to a certain farmer's section.
• In India, characteristics of agriculture are over dependency and low scale of productivity. The modern procedure is expensive. Loan waiver can solve this problem.
• In the present time, some states declare to provide this loan if the farmer can match certain criteria.

Answer 2

View and counter view on farm loan waiver is no solution for Indian agriculture:

• Farm loan waiver is given by the government to farmers in order to bring them out of the vicious cycle of debt that they have taken from banks.
• The loan waiver helps the farmer financially and helped in reducing their attempts to suicide.
• However, it has added an extra financial burden on the exchequer of government. Farm loan waiver like subsidy does not encourage inclusive economic development as the benefits are not reached to all.
• The need for agricultural reforms is the most significant step to improve the conditions of farmers and to make agriculture an attractive profession for youth.

Learn more about Indian Agriculture:

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