farmer loan

Farmer Loan Waiver Must Not Become a Policy: Ex RBI Chief

"As a need based act, farm loan waiver as a one-time effect is all right. But it must not be made as a policy. we must realize the actual and long term impact on economy of the country." Jalan said on the sidelines of the 'Economics and Governance' event. "There are many threats of misuse of public money. Else people will borrow farm loan and may use it for other purposes," he said.