Debt waiver no sweat for banks

BUDGET & MONEY

The proposal comes in the backdrop of increasing farmer suicides because of rising indebtedness. Small and marginal farmers are unable to make repayments for loans due to loss of crops as a result of natural calamities or other reasons.  If farmers continue to be defaulters, they are unable to avail of fresh loans. Such circumstances have forced many to approach moneylenders to get credit for which they are charged sky-high rates.  According to NSSO