Economic Perspectives

Revisiting rural indebtedness

Print edition : January 23, 2015

RBI Governor Raghuram Rajan. He is of the view that efforts to help Indian farmers by providing them with cheap(er) credit and relieving them of an unsustainable debt burden only harms them in the long run.

Sangareddy, Medak district, undivided Andhra Pradesh, June 30, 2008: SBI Chief General Manager R.K. Sharma handing over the loan waiver certificate to a farmer at a programme organised by the bank.

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