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Tractor loan delinquencies could rise due to loan waiver: Fitch

Tractor loan delinquencies could rise due to loan waiver: Fitch

Tuesday, April 18, 2017, 5:57 PM

Delinquencies on tractor loans could rise because of loan waivers as other Indian states are likely to follow Uttar Pradesh (UP’s) lead in waiving loans, rating agency Fitch said in a report on Tuesday. Earlier this month the UP state government announced a Rs 36,359 crore loan waiver with a cap of Rs 1 lakh per farmer, for small and marginal farmers.
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