Thursday, 20 December 2018

Loan waiver vow causes 24% rise in Madhya Pradesh farmers' bad debts

Farm loan waivers are bad news for banks- and for farmers. Anticipating relief, farmers start skipping repayments, impacting bank finances. Banks, in turn, go slow on fresh loans until state governments reimburse the amount written off, which often happens over several years.

from Times of India https://ift.tt/2GzYOBW
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