Letter to BS: Loan waiver is the price paid for votes at cost of exchequer

Loan waiver is not a remedy for the persisting problems of farmers

This refers to “As Congress CMs take charge, MP first to get farm loan waiver” (December 18). As assured, the Congress has executed loan waivers to farmers up to a limit of Rs 200,000 as on March 31, 2018. The loan waiver is the price paid for votes at the cost of the exchequer. The agrarian distress is not confined to farmers who are indebted to big financial institutions. There is a huge number of farmers who are indebted to financiers such as micro-lenders, village money lenders and so on. These categories of lenders have a good presence in the