Can UP, Punjab and Maharashtra go it alone on farm-loan waivers?

Cooperative banks and societies in these states could have to bear the burden of any waiver

The Centre has said that it will not share the financial burden of farm-loan waivers announced by states.

This would mean that the states would be more comfortable in waiving loans taken only from financial institutions within their jurisdictions, which would be state and district credit cooperative societies and primary agriculture credit societies.

Uttar Pradesh (UP) and Punjab have announced loan waivers, while Maharashtra has not despite Opposition pressure. 

Loans taken from scheduled commercial banks in any given credit season comprise almost 70 per cent of farm credit availed by growers. Some experts said that any state government could ask