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Crop loan waiver in UP could cost BJP govt

Crop loan waiver in UP could cost BJP govt

Wednesday, March 15, 2017, 12:54 PM

Bharatiya Janata Party government’s promise to waive loans taken by small and marginal farmers, an assurance Prime Minister Narendra Modi repeated several times during his campaign, looks impressive on paper and could go a long way in reducing farm indebtedness. But experts feel a waiver of crop loans can have a negative impact on credit quality in farming.
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