‘Farm Loan Waiver Just Palliative, Not Solution’: NITI Ayog

New Delhi: On Congress chief Rahul Gandhi’s demand for loan waivers for farmers, NITI Aayog Vice Chairman Rajiv Kumar on Wednesday said farm loan waivers are just a palliative and not a long-term solution for the farming community.

However, he said short-term measures might be required in some states that are facing real farm distress. The Centre does not take a pan-India view on the issue as it would not be fair for farmers in states where the loan exposure is very less. “Farm loan waiver is not a solution.

It’s just a palliative. This is a state government prerogative whether they want to give the farm loan waivers, as agriculture is a state subject,” Kumar said on the sidelines of release of NITI Aayog’s “New India - 2022” strategic document. (IANS)

Also Read: Business News