Farm Loan Waiver

Recent announcements of farm loan waivers and the likelihood of more in the run-up to elections in the next 18 months could trigger the risk of loan waivers for state-owned banks

As bad politics threatens good economics, lenders fear a rough ride ahead

Such loan waiver promises severely impact the credit culture of a large geography, encouraging even the honest, regularly paying borrowers hope for a waiver of their liability by the government

Are MFI players staring at a bumpy road ahead?

The farm loan waiver scheme recently announced by Telangana could put stress on lenders and spoil the credit culture in the country

Telangana farm loan waiver may bring another shocker to banks, say experts

Such waivers hurt lenders' asset quality and credit cycles. A loan waiver simply means the government asking banks to write off what they are owed by a large number of borrowers.

Haryana announces interest waiver on crop loans; Khattar says I am farmer's son, know their pain

Emphasizing on the welfare of farmers, poor and other sections, Khattar said, "Our objective will be to provide adequate facilities to 'Gareeb' as well as Annadatta farmers and to provide better opportunities for the advancement of Yuva-Shakti and Nari-Shakti".

Farmers' Protest: Why was farm loans waived only twice since Independence? Experts see a vicious cycle

Farmers' protest: Loan waivers can have significant consequences that extend beyond the immediate beneficiaries, impacting the entire credit framework. Reports suggest that states implementing loan forgiveness schemes often see a surge in NPAs, potentially leading to disruptions in credit discipline.

Of subsidies and debt: A look at Punjab’s key economic issues

Punjab’s debt level and fiscal deficit is projected to remain higher than the national average, at 46.8 percent and 5.0 percent of the GSDP, respectively, in FY24.

Fair price for produce, loan waiver scheme, free electricity among demands by farmers' body

As part of a nationwide initiative, the SKM will organise a 'Raj Bhavan Chalo' pragramme in Kolkata on November 26, where a representation of the demands would be submitted.

Maharashtra Budget 2021: Govt announces interest-free farm loans up to Rs 3 lakh, 33% rebate on power bills

The Maha Vikas Aghadi government announced a scheme worth Rs 2,000 crore for strengthening Agricultural Produce Market Committees in state.

Banking Central: Another farm loan waiver, another jolt to the taxpayer

Loan waivers have damaged the credit discipline and resulted in a spike in loan defaults over the years

With new Maharashtra offer, farm loan write-offs touch Rs 4.7 lakh cr in last 10 yrs

In FY19, farm loan NPAs jumped to 12.4 percent or at 1.1 lakh crore of the Rs 8,79,000 crore of total bad loans in the system, up from Rs 48,800 crore or 8.6 percent of the total NPAs of Rs 5,6,6,620 crore in FY16, the report by SBI Research said.

300 farmer suicides recorded during month-long political tussle in Maharashtra

Unseasonal rains in the state have hit about one crore farmers, approximately the population of Sweden. Of these, 44 lakh farmers are from Marathwada alone.

Fadnavis announces agitation against new loan waiver scheme

The Shiv Sena-NCP-Congress coalition government earlier in the day announced loan waiver of upto Rs 2 lakh for farmers in the state with cut-off date of September 30.

Maharashtra CM announces loan waiver of upto Rs 2 lakh for farmers

Chief Minister Uddhav Thackeray made the announcement in the Legislative Assembly here on the last day of the winter session of the legislature.

Maharashtra: Farm loan waiver likely to cost Shiv Sena-NCP-Congress govt Rs 1.3 lakh crore

In 2017, the previous BJP-Shiv Sena government had implemented a loan waiver for nearly 50 lakh farmers. The outstanding loans were worth Rs 19,000 crore.

Farm loan waiver promise comes back to haunt Congress govt as farmer kills self in Rajasthan

During the campaigning for Lok Sabha polls in the state, PM Modi had targeted Congress, alleging it had failed to waive off farm loans

Lok Sabha polls 2019: Here are key developments over the last 100 days that will shape political discourse

Important developments include Pulwama attack and Balakot air strike, Rahul Gandhi's promise of minimum income and 10% quota for upper caste EWS

Congress chief Rahul Gandhi promises direct cash transfer at Jan Akrosh rally in Gujarat

Blaming the BJP government of "humiliating the farmer by giving them Rs 17 a day", he said it was the Congress that had rolled out schemes like MNREGA, Land Acquisition Act and schemes to protect the tribal community

Budget 2019:PM Kisan Samman Nidhi - A relatively better way to support farmers but still not the most ideal

It is a welcome move as unlike loan waivers, direct income support doesn’t adversely impact the banking system, At the same time, PM Kisan will boost rural consumption

MP farmer receives Rs 13 waiver on Rs 20,000 farm loan; govt asks him to inquire at the bank

In some cases, farmers say that names of people who have not taken loans are in the list of beneficiaries.

PM Modi mulls cash handout to farmers ahead of Lok Sabha polls: Report

The additional spending could hurt the national coffers as the government has already breached the fiscal deficit target of 3.3 percent of GDP

100-Word Take | Loan waivers come at a time when bad loans in the agriculture sector are rising

The gross non-performing assets in agricultural bank loans went up from around 5 percent of advances to the sector in March 2017 to 8.4 percent by September 2018.

Opinion | There are no winners in farm loan waivers

Farm loan waivers represent bad economics, bad banking and promote the wrong type of social values. They end up hurting farmers

Podcast | Digging Deeper - Do farm loan waivers work?

Informal sources such as moneylenders, family and friends accounted for 62 percent of indebted households among marginal farmers. Such farmers would not benefit from any scheme that restructures debt taken from banks and cooperatives."

Kumaraswamy & Yeddyurappa clash in assembly over farm loan waiver

With the ruling Congress-JD(S) MLAs also on their toes to defend the government, the scene turned chaotic. Chief Minister H D Kumaraswamy was locked in a high pitch verbal duel with Opposition BJP leader B S Yeddyurappa during the debate on drought.