Is it good to waive agriculture loan?You must have seen before election some political party announce to waive the agriculture loan and farmers get happy and vote for them.
Due to waiver bank faces short term problems like loss in their balance sheet, but is it really work?
I have seen in Odisha many bog players ( who are not actually farmer) but they have farm house on pen and paper they just take loan from bank and do not repay as they wait till Government declare as waive off or to settled with a very minimal payment.
I believe Government should provide training to farmer how to produce more and how to do preserve, how to make finished product or how to sell at good price, instead of giving such foolish waiver of loan .
Although some of my friends suggest it is a good idea as small farmer get benefits during drought or flood, but I am not satisfied yet with that logic.
What is your opinion regarding this?