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

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.