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Re-imagining farmers’ welfare


The numbers are startling. According to a recent report by SBI Research, farm loan waiver announced by the Centre and the State governments in the last 10 years aggregated ₹4.7 lakh crore. This, the report added, was as much as 82 per cent of the industry level bad loans today. Despite writing off so much debt, there seems to be no end to the farm distress. It has actually worsened in the last couple of years. And farmers continue to commit suicide.

It is clear that farm-loan waiver, a politically significant but economically debilitating measure, has had little impact ...


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