HomeNews News Yogi's UP farm loan waiver could cost banks Rs 27,420 crore : SBI Yogi's UP farm loan waiver could cost banks Rs 27,420 crore : SBI

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Yogi's UP farm loan waiver could cost banks Rs 27,420 crore : SBI

Yogi's UP farm loan waiver could cost banks Rs 27,420 crore : SBI

Monday, March 20, 2017, 6:19 PM

If the UP government fulfills its farmer loan waiver promise, banks are likely to take a hit of Rs 27,420 crore and the scheme will lead to some stress on the state's fiscal arithmetic, warns a report. The BJP had in its UP election manifesto promised to waive farmers' loans if elected to power.
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