The Much Needed Reform in Agricultural; Model Agriculture Land Leasing Act 2016

Niti Aayog in 2016 designed a model act in order to secure the rights of tenants and ownership of landlords. However in many states revenue laws provide for right to ownership by proving adverse possession for a certain period as prescribed by the actual tiller. But the census 2011 reveals that the extent of lease in the country is around 6 per cent. In the absence of a legal provision back-stopping such leasing, most of it is oral and therefore does not entitle the lessee to claim the status of a farmer and access various benefits available from the government and credit institutions. 

Hence in 2016 NITI Aayog offered an appropriate template for the states and UTs to draft their own piece of legislations, in consonance with the local requirements and adopt an enabling Act that focused to secure the interests of both the land owner and lessee ‘Bataidar’ .

The model Act permits and facilitates leasing of agricultural land, to improve agricultural efficiency and equity for owners at the same time it also provides access and legal status to landless and semi – landless poor tenants. A proper implementation of this act with due deliberation would have enable a lessee to have a legal status that enables them to get

1) Access loans through credit institutions

2) Benefits of insurance schemes

3) Financial aid by state for disaster relief and crop failure

4) Loan Waiver benefits

5) And many other support services provided by State Government

The Government of MP has passed the bill formulated by NITI Aayog however it lacks the proper provision to ensure the proposed benefits by original model act. Hence the act of MP government certainly requires some amendments to address the local challenges and issues to make the act efficient.

Proposed recommendations are as follows.

1) Issuance of Credit Eligibility Certificate or Loan Eligibility Card for tenet

2) Enforce the lease agreement between Land Owner and Tenant to eliminate the condition of oral agreements

3) Provision of mention the name and account number of tenant for crop Insurance

4) A fast track tribunal to resolve the complaints of tenants in case of denial of rights by Owner

5) Provision to distribute the financial assistance by Central or State Govt like PM Kisan Samman Nidhi

The toothless bill is depriving millions of farmers Madhya Pradesh of benefits of government farm-support schemes Fasal Bima Yojna, Bhawantar Bhugtan Yojna, Pradhan Mantri Kisan Samman Nidhi to land less cultivators.

A scheme to revamp or a ruse for sway; Union Ministry of Cooperation

Let your thoughts and decisions be based on thinking of all your colleagues so that such decisions are followed by one and all . Unity should prevail. Let your intentions be common. Let your hearts’ desires be similar. The spirit of togetherness must prevail in your lives.

Rig Veda १०/१९१/३-४ 

These shloka from Rig Veda represent the Vedic notion of mutual growth and combined prosperity by conjoint effort. India has been a promoter of the idea to rise above individuality for mutual good since ages. However the modern cooperative business was introduced here in the colonial era for the safeguard of farmers and artisans whose profit got a lethal hit due to the industrial revolution and rampant capitalism. Cooperation of people or the integration of public resources is being considered a silver bullet by the Modi government to re-track the economy, severely hit by pandemic and its eventuated multiple restrictions on businesses. This was the reason that on the occasion of 75th Independence day PM Modi included the importance of cooperatives in his address to the nation. However, the government showing concern about the cooperatives is the biggest irony in India as government control over cooperatives have been the biggest threat to independence of the movement. Co-operatives were introduced as a formula in which a group of financially unsound people through integration of their resources tries to gain advantage over powerful enterprises. Many previous governments had provisions to harvest the immense possibilities of cooperatives to revamp the rural economy. But going a step forward, the Modi government has created a new central Ministry to superintend and foster the cooperative movement in the country. 

It remains to be seen whether this newly created Ministry will actually work in the direction of restoring the fundamental order of cooperatives in India or if it is another astute move by Home Minister Amit Shah to consolidate BJP’s hold over rural politics. Of course the Sharad Pawar way to hold the power at grassroots level by dislodging and weakening other political parties’ power structure at regional level. Amid the political milieu of the country where almost every political party has lost the faith and grip over rural economy and rural politics. The state cooperatives will be an important beachhead to defend their sway in rural vote bank among rising discontent of farmers. 

As per the Media reports the new Ministry will regulate the functions of multi-state and state level cooperatives. But isn’t a paradox that a new body is created to control or “oversee” the functioning of the bodies which are already suffering the overdose of political involvement.  What actually cooperatives need is the conducive environment to re-install the cooperative value in the members who possibly confuse it for a subsidy collection window. Member's ownership and independence from any political influence is the core cooperative principle. And retaining this should be the primary agenda of any government that sincerely looking for solution of rural financial distress in cooperatives movement.

'The Great Tale of Hinduism' book by Author Prathviraj Singh

The Great Tale of Hinduism is an inspiring, colourful and engaging story that brings Hindu culture and spirituality alive in a unique way for the modern reader to carefully examine and appreciate. 

In this book authors have covered in a short space an extensive ground of Hindu teachings. IT provides a panoramic view of a Hindu approach to religion, philosophy, science politics, mythology, art, the role of women and the past and the future of humanity. The book brings Hinduism alive as a continual development of wonder and creativity that renews itself in every generation, honoring the Divine in every name, form, facet and manifestation. 

Foreword of this book is written by Vedacharya Padma Bhushan Shree David Frawley.

(https://en.wikipedia.org/wiki/David_Frawley)

Namaste (Introduction).

Muriel Rukeyser, an American poetess and writer said “the universe is made up of stories, not of atoms”. Muriel specifically talks about human society. Which is woven on the skeleton of stories, folklores and popular tales about their genesis and reason of existence. Every society’s attitude, their moral and general behaviour is derived from the stories they believe in. Hence this book ‘The Great Tale of Hinduism’ developed on the premise of popular “tales” of Hinduism which distinguish classic Indian society from others. 

All nine chapters of this book deal with different ideas which are the basis of core Indian philosophy. To exemplify these involved ideas, we have taken support of classic tales of ‘Hindu History’. Tales about the human traits of gods and godly traits of some humans. Popular stories which show that not even gods are always correct and even they will not be spared of the law of karma when they are wrong. Classic example of Vishnu is used to corroborate this point where Vishnu in his Krishna avatar shot from behind of a tree by Jara hunter (Bali of his previous birth) for the same act he had done in Ram avatar with Bali. Here are tales which show how a mere mortal by his courage and determination can outgrow his human desires and attain a position reserved for gods. 

A Tryst with Hinduism

This chapter revolves around the core Hindu idea that reality doesn’t lie on extremes. All truths are subjective hence always lies in the centre or in grey areas. This book rejects the demarcation of truth and false on the basis of white and black. Because every white is a brighter shade of grey and every black is a darker shade of grey. As the most gruesome villain of ‘Hindu history’ Ravana is praised for some of his good deeds and even Ram, the most favourite Hindu god is questioned by authoritative religious texts for some of his decisions. Which demonstrates that no one is absolutely good or bad. Every character is an interplay of Triguna and the most dominating guna defines a character in terms of good or bad.

The Real Nature of Myths

The second chapter talks about the significance of religious texts and their stories which has been side-lined by calling them mythology. But these are the tales along which our society and our basic character is intertwined. Keeping our progeny aloof of what actually they are made up of is a big injustice to them. These religious texts actually tell us how our society has evolved through various changes and what made Hindu religion survive through this long stream of time. 

The Vedic Harappan

The third chapter “The Vedic Harappan” tries to fill the gap between antedated Vedic-kal and ancient history. There are myriads of written work of great scholars which try to fix Vedic origin way before the Indus Valley Civilization and not as it is explained through Aryan Invasion Theory. But there is dire need to corroborate the Vedic behaviour of Indus Valley people, in case they were part of continued Vedic Culture. Hence with the support of scholarly work done in the past we tried to prove our point and its significance for present society.

 

The Beginning of Game of Thrones

Fourth chapter “Beginning of Game of Thrones” is an extension of the previous chapter which bridges the gap between primitive Vedic society and the history of present India. Here we describe the inception point of Human society and its evolution along with frequent changes taking place in its nascent stage. The explanation also includes the role of Vedas in moulding the Hindu society and the corruption came with time into the core teaching and how we dealt with it. Sometimes we fail, sometimes we succeed but we never succumbed to it. 

The Era of Empowered Women

Chapter number five is dedicated to the other half of human society, the half neglected from centuries. A rational analysis of the reason for the present condition of women, which is based on the scientific theories of human evolution and Social Dominance Theory. How much Vedas and other religious text are responsible for the social discrimination of woman is also discussed here. Some tales and references from Vedas are given to assert the point that Vedas endorse equality among all living creatures and confer equal position to women but it was counter forced by the inertia of patriarchal ascendancy.

When The Ancient Wonders of Bharatvarsha were Carved

Chapter six talks about the great structural acumen of early Indian society. Examples of structures like Ajanta and Ellora caves are given, which took faith of generations and efforts of centuries to take its present form. These structures are evidence of the power of spiritually immersed human brains, when it strives to transcend its human limitations, when it thinks beyond survival. 

The Pioneer of Vig-Gyana

Authors have tried to claim seeds of many scientific discoveries that can be attributed to Indians. Yes, it would be imprudent to claim the material manifestation of every great discovery on some Indian name. But at the same time we have to give credit to Indian minds who thought and wrote these ideas thousands of years ago. When half of the world was busy in securing their living. Some convincing arguments and valid references are produced to make our readers believe in the author's point and to not look lopsided while advocating the rich scientific heritage of India.

Fortune Favours the Brave 

Eighth chapter starts with a mention of Alexander and the story of the Gordian knot of his life and then shifts to discuss Indian style of administration. Various Indian Emperors Ashoka vs Janaka and Chandragupta vs Dasharatha and their style of administration with the commonalities in them on different aspects. In this chapter, the reader will learn how rich ancient India was politically and about the different experiments India’s democracy has evolved through.

Conclusion

Ninth chapter has the conclusion of every idea discussed extensively in this book. A reference tale from ‘Yog-Vashishth Maharamayan’ is taken to describe the real nature of Hindu Dharma. Here every being is allowed to be elevated to the status of divine and even Gods are relegated to lower status. Misunderstanding between religion and culture is held responsible for tension in the present society and therefore an explanation of both is also given here for better differentiation.

Hinduism is the most talked about word of recent time but unfortunately Hindus are the people who are either not adequately informed or mis-informed about their culture. Authors do not claim this book to be a guide book for Hinduism but this book will definitely raise interest of people to know more about Hinduism from the classic and authentic sources. 

बॉलीवुड का धर्मयुद्ध या मीडिया की सनसनी?

आज सुशांत सिंह राजपूत मामले के 4 महीने पूरे होने पर अगर हम ठगा सा महसूस नहीं कर रहे तो मान लीजिए कि देश का मानस सही दिशा में नहीं है। हर संभव मुश्किल से जूझते वक़्त जिस शालीनता के साथ हम ने मीडिया और बॉलीवुड के बीच मचे छीछा लेदर का लुफ्त उठाया है वह या तो कोई बुद्ध समाज कर सकता है या कोई बुद्धु समाज।

भाई भतीजावाद के झंडा बरदार घोषित हो चुके बॉलीवुड के 18-20 के लड़के लड़कियां जो कि भारतीय न्याय तंत्र के हिसाब से अभी कुछ महीने पहले ही समझदार हुए है, उन्हें हाशिए पर चड़ता देखने की उत्सुकता मे अंधे हो चुके लोगो ने जब इस के शांत होने के बाद वास्तविकता से आंख मिलाई होगी तो एक बार मन ग्लानि से जरूर भर गया होगा। कई सवाल है जो मेरे चारों तरफ से भी सुनाई से रहे है। उनमें से एक बड़ा सवाल यह है कि क्या मीडिया का रवैया सही था? जिस में सबसे पहले फैसला सुनाया, फिर अपराधी ढूंढे और उस के बाद खुद ही जांच बिठाई जिस में शुक्र है कि थोड़ी बहुत मदद सी.बी.आई की भी ली। और फिर ऐसा माहौल बनाया कि मानो इस धर्मयुद्ध के जीतते है देश की सारी परेशानियां खत्म हो जाएंगी। और समाज फिर एक बार स्वर्णिम युग में प्रवेश करेगा। ये तो भला ही हुआ कि प्राइम टाइम पर किसी को लाइव फांसी नहीं हुई। मीडिया की वक्र दृष्टि से बच बच कर कई बिद्धिजिवियो ने यह सवाल भी उठाया कि क्या पूरे देश का बमुश्किल 500-600 लोगो से बने बॉलीवुड में इतना रुचि लेना सही है। जब की करोड़ों  बेरोजगार और आर्थिक तंगी से पीड़ित लोग किसी को अपना दुखड़ा सुना तक नहीं पा रहे। और अगर हम यह मान भी लें कि ये 500-600 लोग देश के लिए इतने अहम है तब भी क्या उनके अंतरंग जीवन में किसी का कैमरा ले कर घुस जाना सही है? 

मेरे लिए इन सवालों का जवाब मिला इस है इंडस्ट्री के सबसे प्रमुख निर्माता द्वारा चलाए जा रहे एक टीवी शो में। चाय पर चर्चा का अंग्रेजी रूपांतर यह शो जिस में वह सभी बॉलीवुड सितारों से पूछते है कि आप अगर सुबह किसी और के बेडरूम में जागती या जागते है तो आप क्या करेंगे? या फिर इन सभी सितारों में से किस से आप सिर्फ वन नाइट स्टैंड वाला रिश्ता रखेंगी, किस से आप प्रेम प्रसंग चलना चाहेंगी/चाहेंगे और किस से शादी करेंगे? इस ही शो के माध्यम से हमें यह बताया गया कि किसी के जीवन की अंतरंग बातो मै कितना मजा लिया जा सकता है। किसी फिल्मी कलाकर के वैवाहिक जीवन के बाहर चल रहे प्रेम प्रसंग आम जनता को कितनी खुशी देते है। और सब से ज्यादा मजे कि बात की इन सितारों को भी ऐसे बर्ताव या सवालों से कोई अपात्ती नहीं होती। खुद ही को चरित्रहीन और बेपरवाह होने का सर्टफिकेट देते वक़्त इन फिल्मी सितारों को अंदाजा भी नहीं होगा कि जो बबूल आज वो बो रहे है इस के कांटे इन्हें कितनी जोर से चुभेंगे। जिस ड्रग पार्टी का वीडियो खुद ही शेयर कर ये इतरा रहे थे वहीं वीडियो इन के गले की हड्डी बनेगा, इस बात का अंदाजा भी इन बेचारों को नहीं होगा। यह पूरा घटनाक्रम हमे भी सीख देता है कि आज के इस युग में आप मर्यादा भंग तो बड़ी आसानी से कर सकते है पर फिर बाद में इस कि कोई सीमा या दिशा तय करना किसी के भी आपे से बाहर की बात है। 

खेर इन्हें फिल्मी सितारे कहा भी इसीलिए जाता है क्यो की फिल्मी कि ही तरह इन की चमक भी बनावटी होती है। और इस में कुछ ग़लत भी नहीं। आखिर किसी अच्छे कलाकर से यह अपेक्षा रखना की उस की राजनीतिक, सामाजिक, न्यायिक सूझ बुझ भी उतनी ही अच्छी हो जितनी अपनी कला में है, यह तो उस के साथ भी ज्यायती होगी। इसी ही लिए मैंने खुद को उस फूहड़ टीवी शो के होस्ट कि जगह रख कर देखा और विश्वास मानिए उस कि परेशानी का एहसास भी मुझे हुआ। किसी भी साक्षत्कार की जान होता है उस में बुलाया गया मेहनाम जो वास्तविक दुनिया और जीवन के अनुभवो से ओत प्रोत हो। जिस के सीधी सदी बाते और किस्से भी लोगो को लुभाती हो। किसी भी क्षेत्र में अपनी मेहनत से नाम कमा चुके लोग जब कुछ बोलते है तो वह अपने आप ही दर्शक को सुहाना लगता है, प्रेरणा देता है। आप अगर एक सफ़र तय किए व्यक्ति जैसे अमिताभ बच्चन, शाहरुख खान, जावेद अख्तर या देवानंद को सुनेगे तो मुझे नहीं लगता कि उस में अश्लील और फूहड़ बातो का तड़का लगाने की आवश्यकता किसी को भी महसूस होगी। पर जब इंटरव्यू किसी ऐसे सितारे का हो जिस की चमक भी मां या बाप की उधर दी हुई हो या जिस का सबसे बड़ा टैलेंट जबान से अपनी नाक छू लेना हो तो कार्यक्रम को मनोरंजक बनाने के लिए ओछी बातो का सहारा तो लेना ही पड़ेगा। पर अब आखिरी में यह समझ नहीं आ रहा कि देश के 5 महीने बर्बाद करने का इल्जाम किस के माथे डाले। पहले ही खुद को थल में परोस कर प्रस्तुत कर चुके बॉलीवुड पर या उस थाल में दावत उड़ा चुकी मीडिया पर या फिर खुद पर जो इन सब बातो में ड्रग्स के नशे कि तरह पड कर अपनी सुद बुध भुला बैठे है।

लेखक:- प्रथ्वी राज सिंह

Harvest of Hope

When the fear of Covid19 still has a tight grip over the entire world a new fear of collapsing economies is ready to strangle the neck, especially of the developing nations. Any proper assessment of the actual effects of this pandemic on the global economy is yet to come. But one thing is sure that it has hit-hard already-slowing Indian economy. Financial experts say that this crisis will leave a permanent scar on India's growth story. According to Mumbai based credit rating agency CRISIL a huge contract will be in GDP numbers for 2020-21 and to catch-up a surge of 11%  would be required for the next three fiscals; which is quite unprecedented and less likely to happen in the case of India.

Among the many negative impacts of the greatest lockdown happened in India in the end of March 2020 the biggest ones are the erosion in job-base and consumer spending. The household spending which has been shifted to subsistence (survival) level during lockdown will remain cautious and timid under threat of a second wave of virus followed by another lockdown. Indian consumers will likely to save their resources for survival for the case of any recurrence.

For a country like India where major parts of demand and investment both come from domestic spendings and savings respectively. A revival in consumption is much needed, as Biocon chairperson Kiran Mazumdar Shaw  said, "Demand is going to play a very big part in economic revival, and if we cannot kick-start demand I fear then we cannot have economic revival.”

To rebound the economy a lot of emphasis is being paid for revival of the manufacturing and service sector by liquidity infusion and easy credit access. But the question rises that unless there is a revival of demand who will they sell their goods to? In this toughest time can Agriculture emerge as a saviour?  

Indian Agriculture sector which still accommodates more than 50% of the population and largest labour force of 145 million is also the least hit sector during worldwide spread of Covid 19. Many farm produce counted as essential goods the agriculture sector had exemptions to sell their produce even in the complete lockdown. 

Due to PM Kisan Sammam Nidhi and KCC loan, farmers reported that there has been a negligible impact on household consumption during lockdown. At the same time rabi production of 2020 especially wheat yields was record high. The Civil Supplies Corporation and Marketing Federation of Madhya Pradesh procured 128 lakh tonnes of wheat against 84.89 lakh tonnes yields of last year. The total wheat procurement in the country has touched 386 lakh tonnes as against 368 lakh tonnes of last year. In the process of rewarding the higher yields of farmers of Madhya Pradesh, the State government has infused  liquidity of 21 lakh crores into the market through 14.22 lakh bank accounts of farmers. This fiscal stimulus straight into hands of farmer/farm-labourer has become the fuel to restart the growth story of the country, which had been on halt for 3 months. Negligible tax burden and increased income has raised the purchasing power of farmers which is very necessary for industrial growth. As agriculture supplies the raw material to various agro-based and FMCG companies. A good harvest plays a vital role in both internal and external trade of India. 

Moreover, the forecast of higher production of kharif crops due to good monsoon this year has filled farmers with positive sentiments. And even the top economists believe that demand in a huge and developing economy like India is mostly sentiment driven. Euphoria of good harvest can be the required impetus for positive consumer behaviour. Hence Agriculture can definitely be the silver lining in this darkest hour of Indian economy.

We living in the manufacturing and service driven economy sometimes undermines the facts that India is the largest producer of milk, pulses, and jute, and ranks as the second-largest producer of rice, wheat, sugarcane, groundnut, vegetables, fruit, and cotton. Additionally being the second largest producer India is also the largest exporter of rice and wheat, it can also fulfill the demands of the countries which are dependent on imports for their food security. Decreasing rates of crude oil and increased export of agriculture produce can definitely subsidize  the trade deficit of our country. Especially in the time where many major exporters have withdrawn from the international market to avoid the exposure of Coronavirus.  In this crucial time any small stimulus given to the agriculture sector by the government can re-track the entire economy. The recent forecast by CRISIL shows agriculture will still depict an impressive growth of 5.9% in Q4 of FY20, when GDP may register negative growth.

All the aforementioned facts show that when all the other businesses grapple with losses, the reopening of the economy poses fresh challenges for tackling the second wave of Covid-19. Agriculture is the only bright spot or the harvest of hope for India. 

Expectation of Indian Economy from Modi 2.0

2019’s general election was special in many ways, after almost 50 years any government came back to power with such majority. In the parliamentarian democracy people voted on the pattern of presidential form of Government. Once again we have proved that in India, election and good economy has no connection. Although rural distress, unemployment, lack of infrastructure, slow growth have always been the talk of the town before and after the election. But in the elections voting outcomes always be different then it is perceived, on the basis of the economic success of previous Government. Narshingma Rao and Atal Bihari are two best examples. People of India voted out the Government who was responsible for historic 1991’s economic reforms. Similarly people also voted out Late Atal Bihari’s Government which has many credits of economic success on its name.

Perhaps this is the reason both the Government and opposition parties kept all economic worries aside. People also forgot rising rate of unemployment, muted earnings, undercapitalized NBFC’s with poor credit disbursement and covering up of real issues with dubious statistics. The country has suffered after effect of demonetization and teething effect of GST for almost  2 years but all these issues could not become the hot topics of discussion of election campaign. India voted on emotional, religious and security related issues, yet we all know the importanc of a good economic health for any country like India. Modi’s come-back reverberated with his old slogan of 2104 “sabka saath, sabka vikas” which can be translated as ‘inclusion of all, in economic progress’.

In case of India many times macroeconomic indicators do not reflect the ground reality for every state or some region or a group of people. Therefore rather than discussing the key fundamental of macroeconomics which hardly relates to a common man, we are discussing easily relatable micros. All a common man wants is a good job or a profitable business, proper infrastructure, cheap credits and safe investment avenues. No matter what the GDP numbers are saying he just want to feel secure about his own business and not about fiscal deficit of the country.

So in corollary the expectations from this Modi Government is also very basic. To provide with good earning opportunities in jobs or in business Government should start from they left, but this time with more thrust. Some extra attention is required to improve the business climate of India so it can attract investors who are looking for new avenues amidst of US, China trade war. Although India had improved a lot in ‘ease of doing business’ in Modi’s last term, India jumped to 77th rank from 131. But internal shocks of demonetization, complex GST and high interest rate averse the investors. This economic upheaval also slowed internal demand and sluggish growth which turns into job-loss and investment aversion from inside of the country. We must not belittle domestic investment as 80% of investment comes from domestic investors. As the dust of demonetization has settled now a simplified GST in pipeline and a moderate interest rate regime will do some help in coming years. Although frequent change in tax structure generally create disruption in market and its adaptation takes time. Eventually this time Government has to be extra cautious about simplification. Hopefully the new Direct Tax Code also add some more euphoria to the market and raise demand if good exemptions given under it.

A good banking system is like engine of growth for a country. Moving ahead with idea of recapitalization of banks and privatization of loss making and non strategic public sector bank can proved to be a great stimulus to economy. Easy and cheap credits can compensate the loss of growing unemployment in the country. Being it PM Modi’s own idea for which he also brought Mudra Loan scheme, he may put special emphasis on the idea this time.

Major reforms in agriculture sector is expected by all analyst as doubling farm income is priority on Modi’s agenda. Hopefully this Government will be more focused on agri-business by providing better access to technology, awareness of schemes and good Infrastructure to increase shelf life of produce. A restructuring in APMC act is also expected to make direct market more functional in agriculture. On-spot value addition to the agricultural produce can be a revolutionary idea for Indian farm business. It can empower farmer more than any other subsidy can do. There is also a urgent need of increasing per hectare productivity because increasing MSP is not a permanent solution. So cheap procurement of better seeds and better irrigation facility should be the top priority of Government.

One thing that is commonly accepted by all Indian after seeing Modi’s five year in centre that he is capable of doing what he determines to, Swachh Bharat is a live example. Although this Government will not have too much room in fiscal deficit for increasing public expenditure but there is lot of space for disinvestment in non-strategic PSUs. Modi may face some fiscal constraints but he has a good intent and also lot of support both from inside and outside of parliament. Conclusively Modi’s 2nd term can be historic for India’s progress.

WAVES OF loan WAIVER

Cascading effect of farm loan waiver is considered one of the most hazardous appeasement in present economic scenario.

This year after the huge victory, Yogi's UP govt waied off 36000cr farm loan. Maharashtra is lining up for 35000 cr waiver apart from that Devendra fandavis is also planing to give 10000 rs for every farmer has 5 acer or less land holding which will cost around 6000 cr rupees. Madhya Pradesh govt is intend to follow the same trend. 

Center is planning to give interest subsidy worth 20000cr.

All of these adds up to 97000 cr rupees.

If this trends continues and all states waive farm loans it will be around 2.75 lakh crore rupees 2% of India GDP.

The World Bank reports says 'Loan waiver scheme had no effect on productivity, wages or consumption. It led to an increase in default among borrowers that were previously in good standing.'

ICRIER says 'Generalized debt relief, discourages prompt repayment with expectation of more such waiver'.

But for the matter of fact no such voice is being heard about corporate loan waiver no group of intellectuals or economists shown concerns over the corporate loan waiver issue

Total write offs of corporate loan bet 2012 to 2016 is 2.25 lakh crore according to RBI in TOI approximately equal to farm loan waiver for 4 years. Estimated future corporate debt write off as per the report of India Rating Report 2016 is rupees 4 lakh cr debt by 85 companies.

Total corporate loans is 28  lakh crore rupees viz a viz total farm loan is 12.6 Lakh crore but percentage of stressed farm loan is 17% which is around 2 lakh cr rupees relative to stressed corporate loan which is also a close fig of 18% around 5 lakh cr rupees. But their is always a brouhaha about the deficit cause by farm lan waiver. Are the farmers in any which way some less productive businessman of the country? Or the agriculture is something this country doesn't care about and can be replaced easily? If not, then why economists worldwide raise eyebrows on any such decision?