Page 3 - Loan Waiver

Waive co-operative loans of farmers: Madras HC to TN govt

The Madras High Court has issued an order directing the Government of Tamil Nadu to waive loans of all the farmers, as against the government's earlier decision to waive off loans to marginal and small farmers who owns land up to 5 acres. The decision, which would bring in an additional burden of Rs 1980.33 crore to the State which already has an ailing financial situation, is expected to help an additional 3.01 lakh farmers.The Court has also restricted the cooperative societies and officials from recovery proceedings against the farmers who had defaulted repayment. It may be noted that the farmers from the State has been conducting protest in Jantar Mantar, in New Delhi, seeking for farm loan waiver and centre's drought assistance to help them from one of the worst drought that hit the State in more than 100 years.On June 28, 2016, the government has orderd waiver of outstanding crop loan, medium term agriculture loan and long term farm sector loan issued to the small and marginal ..

DMK's Stalin demands loan waiver for Tamil Nadu farmers

He visited the protesting Tamil Nadu farmers at Jantar Mantar today

Letters: Cost-benefit analysis

Loan waiver policies vitiate credit culture and are detrimental to economic prosperity in long run

Loan waivers negative for banks, MFIs: Analysts

Apart from banks, loan waivers could impair the repayment behaviour of microfinance borrowers

Government rules out loan waiver to sugar mills

Sugar production is estimated to be 26 million tonnes for the 2015-16 season, lower than 28.1 million tonnes last year