Editor's Insights

States in mess, banks in puzzle : Farm loan waiver is farmers` trap

With farm loan waiver, if our politicians are really aiming a better living for our farmers, who work for making our country food abundant, then they must rethink about this huge task. Loan waiver is counterproductive and in a real sense, it is an anti-farmer gesture. The “write-off” offer makes the farmer's life-time defaulter and leads to worsening their character. Farmers naturally stop repaying with an anticipation that the loan would be written off since a new government comes in. That makes farmers default and spoil their creditworthiness eventually. Let the farmers not get carried away by such promises. The world has gone much ahead. Yet our honorable politicians are reluctant to understand some facts. They are seemingly unwilling to stay out of the box of old thinki...

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