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Loan waivers: Punjab farmers biggest gainers with Rs 2.2 lakh per account

Rough estimates peg total amount that would be reimbursed by these five states at over Rs 127,000 cr

Sanjeeb Mukherjee  |  New Delhi 

Farmers in Punjab are bigger beneficiaries of the enlarged rural credit flow through the Centre-subsidised institutional mechanism than their counterparts in other states that have announced debt waivers. On average, an account-holder among Punjab farmers availed of crop loans of around Rs 2.23 lakh in the first 11 months of 2016-17. Repaying the short-term loan, which is taken usually for a year for most crops except sugarcane, becomes a problem if the price the crop gets is abnormally low, and this leads to mounting debts. According to the data sourced from various ...

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First Published: Wed, July 19 2017. 02:13 IST
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