Loan-Waiver Schemes Got 99 Problems. And Implementation is One

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Loan-Waiver Schemes Got 99 Problems. And Implementation is One

Illustration: Sushant Ahire

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arlier this year, over one lakh farmers from across India reached Delhi in March, demanding a special session of Parliament to address the agrarian crisis. The protesting farmers, showing incredible grace and dignity, spent the night at Ramlila Maidan before marching towards Parliament on Friday. Describing it as one of the largest congregation of farmers in the capital in recent times, the All India Kisan Sangharsh Coordination Committee (AIKSCC) pressed on its demands for loan waiver and remunerative prices for their produce. 

Waivers are par for the course in our country. The Madhya Pradesh CM Kamal Nath, after winning a hotly contested election, announced loan waivers in his state. We give them more often than Duterte hands out the death penalty. In the last year alone, Uttar Pradesh announced a debt waiver of ₹36,400 crore, Punjab of ₹10,000 crore, Maharashtra of ₹30,500 crore, Rajasthan of ₹8,000 crore and HD Kumaraswamy’s Karnataka government waived off ₹34,000 crore.

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