The economics of loan waivers make it inherently antithetical to the long term interests of farmers, agriculture and banking sector. Examine.
Answer: Farm loans may be crop loans or investment loans taken to buy farm equipment. However, many times farmers demand a waiver on their loans due to their incapacity to pay back the loans.
Demand of Loan Waivers
The reasons behind demand of loan waivers may be many.
- Failure of rains: Due to bad weather or draught many crops fail as 52% of the total farm area in the country is still devoid of irrigation and dependant on rainfall. Also, less than 24% of the gross cropped area (against a target of 40%) is covered under government-run crop insurance ....
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General Studies Mains Questions And Answers
- 1 Digital transformation holds immense potential for bringing about rapid socio-economic development of rural India. Discuss.
- 2 Discuss the contribution of moderates in the Indian freedom movement by describing the various methods adopted by them.
- 3 Give an account of the evolution of the relationship between the British power and the Indian princely states during the British rule, mentioning the key developments.
- 4 Describing the importance of big dams in India, throw light on the problems associated with them. Discuss the efforts made for dam safety in the country.
- 5 Urbanization is a double-edged sword for women. Discuss the challenges faced by women in cities and describe the measures to overcome them.
- 6 What is the Model Code of Conduct? Describe the importance and challenges of Model Code of Conduct.
- 7 Discuss the functions and role of the Election Commission of India. How does the Election Commission ensure free and fair elections in India?
- 8 BIMSTEC is an important organization to strengthen India's position in South-East Asia. Mention the major obstacles to the integration of BIMSTEC.
- 9 India and the US have agreed to move forward in the field of space cooperation. Discuss the limiting factors in the path of space cooperation between the two countries and suggest ways to solve them.
- 10 The Nuclear Non-Proliferation Treaty is considered important to prevent the spread of nuclear weapons; yet India is opposed to this treaty. Explain.
