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Mandsaur crisis: Farm loan waive offs are really not a solution, only temporary relief

The biggest problem of Indian agriculture is that it employs many more people than it should.

Vivek Kaul 

On June 11, 2017, Devendra Fadnavis, the chief minister of Maharashtra, decided to follow his Uttar Pradesh counterpart, Yogi Adityanath, in waiving off loans to farmers in Maharashtra. The loans of small and marginal farmers have been waived off with immediate effect. As far as other farmers are concerned, a committee has been set up to decide on criteria for a further waive off. Initial estimates being made in the media suggest that this loan waiver will cost the Maharashtra government anywhere between Rs 25,000 crore to Rs 30,000  The union finance minister Arun ...

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First Published: Wed, June 14 2017. 09:55 IST
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