Letter to BS: Loan waiver has become a tool for parties to win elections

The editorial ‘’Beyond waivers’’ (December 18) was apt. It is sad the promise of loan waivers has become a tool for political parties to win elections. The recent win in three states by the Congress on the promise to waive farm loans has serious ramifications for the future. Political parties with only short-term vision will use the ploy of loan waivers in their election manifestos. Over the past decade, we have seen various governments at the state and the central level pointing at waving off farm loans. Has it helped the farmers? All it has done is spoil the credit