Back to Career News

Farm Loan Waivers Worst Solution for Agriculture Sector Problems, Says SBI

December 15, 2018

Farm Loan Waivers Worst Solution for Agriculture Sector Problems, Says SBI
Although the Central Government is pondering over offering farm loan waiver to woo voters before the 2019 general elections, the economists at SBI Research said that it’s the “worst solution” for the problems faced by farmers today. 

They suggest that instead of loan waivers, the government must take bold steps and work on income support schemes. 

According to a news report, the Modi government is planning to spend ₹70,000 crores on farm debt waivers till May next year i.e. when the general elections will be held.

Photo credit: Sarath.kuchi on Visual hunt / CC BY-SA

Recommended for you ...

Axis Bank and Mastercard Launch Premium Credit Card for Small Business Owners
Axis Bank and Mastercard Launch Premium Credit Card for Small Business Owners

September 26, 2024

Banks Report Over 15% Growth in New Credit Card Additions: RBI Data
Banks Report Over 15% Growth in New Credit Card Additions: RBI Data

September 26, 2024

National Company Law Tribunal (NCLT) Approves Merger of IDFC and IDFC First Bank
National Company Law Tribunal (NCLT) Approves Merger of IDFC and IDFC First Bank

September 25, 2024

Chat on WhatsApp