Farm loan waivers against economic principles: ADB India chief
Joining the debate on farm loan waivers, Asian Development Bank (ADB) Country Director Kenichi Yokoyama Friday said such write-offs were against economic principles and cannot effectively address the agrarian distress.
On farm loan waiver, Kenichi Yokoyama said most of the people are sceptical about it as an economic principle and has moral hazards. Image source: Reuters