Loan waivers policy of Government and impact on Agriculture
Keywords:
Agriculture, Debt Relief, Government schemeAbstract
The frequently announced farm loan waivers with the ostensible reason of reducing the farm debt burden have drawn criticisms both on grounds of equity as well as their likely harmful effects on the functioning of the rural credit system. The present paper is an attempt to evaluate the biggest ever loan waiver scheme so far implemented in the country, namely, the Agricultural and Rural Debt Relief Scheme. The housed level distributional and impact analysis carried out in the Alwer district of Rajasthan reveals that the scheme besides benefiting mainly the relatively better-off households, also had a negative impact on the repayment behavior of the borrowers.
References
Agricultural Indebtedness: Crisis and Revival, Balasaheb Vikhe Patil, Economic & Political Weekly , pg.52 , February 2nd 2008
Institutional Credit, Indebtedness and Suicides in Punjab, P.Satish Economic & Political Weekly, pg.2761, June 30th 2006Agriculture: Absence of a Big Push, S Mahendra Dev, Economic & Political Weekly, pg.36, April 12th 2008
Farmers’ suicides and the state in India: Conceptual and ethnographic notes from Wayanad, Kerala: Contributions to Indian Sociology 46, 1&2 (2012): 181–208/ Daniel Muster, Downloaded from cis.sagepub.com at Universiti Teknologi MARA (UiTM) December 25th 2015
EPW Research Foundation, Economic & Political Weekly, pg.30, March 15th 2008
Taluk wise Statistics for farmers’ suicides and their causes in Shivamogga District Records of DC Office Report from 2009 to 2015.
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