The RBI in a report had said that debt waivers can deflect the state from its fiscal consolidation path. "An Income Support Scheme for small and marginal farmers might turn out be a viable solution,” said Soumya Kanti Ghosh, group chief economic advisor, SBI.
from Times of India https://timesofindia.indiatimes.com/india/why-income-support-not-farm-loan-waiver-may-be-better-for-all/articleshow/67085004.cms
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