By Avantika Dhanush 8B. Farm Loan Waivers.
What is farm loan?. Agricultural loans are availed by a farmer to fund seasonal agricultural operations or related activities like animal farming, pisci-culture or purchase of land or agricultural tools. This type of loan also helps buying inputs such as fertilizers, seeds, insecticides etc..
What is farm loan waivers?. Farm loans are loans taken from the banks by the farmers for agriculture requisites and production. In a farm loan waiver scheme, the Centre or the state Government repays the loan to the banks on behalf of the farmers, simply by using public money collected in the form of taxes..
What is the situation of the farm loan waivers now?.
Loan waivers, originally intended for a one-time settlement. However, the past two decades have seen such schemes announced with increasing regularity, in the wake of the loss of livelihood due to lockdown amid Covid-19, yet such loan waivers may prove dector in India..
What is the reason behind waiving off farm loans?.
What is the reason behind waiving off farm loans?.
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