File photo of Father of Green Revolution MS Swaminathan.
“The waivers don’t provide for a secure long-term credit system. It directly implies that the banks are being compensated by the government,” said Swaminathan in a series of tweets.
While he said that the farmers were dissatisfied with the procurement price, despite a bumper crop, and were unable to replay loans, he added that the loan waivers by the government meant that money for strengthening agricultural infrastructure would now not be adequate.
While raising doubts on the government’s policy, he also said that the Modi government had implemented many recommendations from the Nation Farmers Commission.
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