Farm loan waivers are neither adequate nor recommended for promoting sustained agricultural growth. Analyse.

Indian agriculture has not seen a double digit growth in last many decades. There exists a problem of excess capital infusion which gets valued in the short-term solutions such as farm loan waivers. Debt cycle of farmer: [Diagram showing cycle] - Low capital - Poor backward image - Low production - Debt - Poor connectivity of farms with market - Non-realization of crop prices in the market due to cartelization - These issues are the root cause of Indian agricultural plight and these require a structured schem. (NWAM, Private Enterprise) Guarantee scheme for cold storage, PM Kisan Bima Yojana, etc are the real solution that have the potential to work in long term. To double the farmers income by 2022, Indian needs to work more on farm pathway of farm loan waivers to monetization of Indian agriculture.

Farm loan waiver is a myopic solution of a problem that runs deep on many levels. At PRE PRODUCTION LEVEL: - low mechanization - poor quality seeds - lack of irrigation facilities - skewed application of fertilizer - lack of crop insurance The real issues which make the Indian agriculture unprofitable are rarely addressed by farm loan waivers. These forward-backward linkage need to be made strong to turn the agriculture into a profit-making enterprise. At POST PRODUCTION LEVEL: - storage: lack of warehouses and cold storage - poor connectivity of farms with market - non-realization of crop prices in the market due to cartelization

These issues are the root cause of Indian agricultural plight and these require a structured scheme. (C-Wam, Private Enterprise) Guarantee scheme for cold storage, PM Kisan Bima Yojana, etc are the real solution that have the potential to work in long term. To double the farmers income by 2022, Indian needs to work more on farm pathways of farm loan waivers to monetization of Indian agriculture.