Why do farmers deliberately refuse to pay back loans?

Anticipating loan waiver, farmers, bankers claim, are refusing to repay loans. While some look at it as deliberate escapism, others within the community strongly feel that farmers are genuinely unable to repay loans due to bad produce or crop loss. Severe crop loss and bad produce have made their life difficult.

What is loan waiver for farmers?

What is a Farm Loan Waiver? When there is a poor monsoon or natural calamity, farmers may be unable to repay loans. The rural distress in such situations often prompts States or the Centre to offer relief — reduction or complete waiver of loans.

How did the British threaten the farmers?

How did the British threaten the farmers? Ans. The British threatened the Indian farmers that they would be put into jail if they don’t pay the arrears.

What is agricultural credit do you think loans should be written off in case farmers find difficult to pay off?

In my opinion yes it should be written off. However, it has disadvantage too that those farmer who are in position to pay but reluctant to pay as they know at last government will write off will lead to a loss for the government.

Why do farmers take loans?

Agricultural loans are availed by a farmer to fund seasonal agricultural operations or related activities like animal farming, pisci-culture or purchase of land or agricultural tools. This type of loan also helps buying inputs such as fertilizers, seeds, insecticides etc.

Are farm loan waivers a political gimmick?

SMD: Yes. The agriculture focus is short term, [which is why we have] loan waivers, but the focus on how to generate incomes and jobs has been lacking. The construction sector was earlier responsible for higher wages and demand, but now that sector is also stagnating.

Why do the farmers need loans?

Why did Britishers exploit Indian farmers?

The farmers had to bear the cost of indigo farming and the British planters used to keep the yields without compensating the farmers. Not only this, they were even exploited through the various taxes levied on them. Thousands of landless labourers and poor farmers were forced to sow indigo instead of other crops.

Why are farmers against the bill Quora?

coming back to question why farm bill is opposed by opposition and farmers. Because it nullify the importance of middleman who used to earn huge profit which was meant for farmers. so all the middle man (arthi’s)are opposing.

What are the problems of agricultural credit in India?

1. It is highly exploitative in character because of the inherent profit motive. 2. Since such credit is provided largely for unproductive purposes the rate of interest charged is very high.