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Loan waiver is not a long-term solution, says top government official

Updated : January 04, 2019 08:51 PM IST

Loan waivers do not do any good in the long run and the government is committed to transforming agriculture so that the farmers are able to access credit in a more robust manner, said Ashok Dalwai, additional secretary, agriculture ministry.

"Both Prime Minister and finance minister have made it pretty explicit that loan waiver is not a solution to the issues related to agriculture,” Dalwai said.

Dalwai said the government has a medium-term target of doubling farmer’s income and the centre will transform agriculture in the long term such that it comes to become a private enterprise that is based on profits.
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