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loan wavier News
Farm loan write-offs win votes in India, but may hurt economy
Wed, Apr 19, 2017
India risks straining public finances and undermining already ailing state banks, economists said, after a $5.6 billion loan write-off for farmers in Uttar Pradesh and moves to do something similar in at least four other states.
Uttar Pradesh waives farm loans, to shut some illegal abattoirs
Wed, Apr 05, 2017
India`s most populous state, Uttar Pradesh, said on Tuesday it was waiving $5.6 billion of loans to help millions of farmers reeling from losses after unfavourable weather in the past few years hit their crops.