Farmers’ Distress
If loan waiver was the solution to agrarian distress, why hasn’t it prevented
farm incomes from decelerating and farmers from committing suicide?
Farmers are always in distress when prices of their produce are subdued. The response of governments has been to sharply hike minimum support prices (MSP) of crops or declare loan waivers.
Despite the Centre and various States announcing loan waivers at different times, the conditions of farmers are deplorable even today. Can loan waiver be a panacea for farm distress? Or can direct income transfer, similar to the Rythu Bandhu Scheme (RBS) introduced by Telangana in ....
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