Farm loans have been mismanaged by both farmers and the governments. Many farm loans taken by farmers have been used for purposes (e.g., marriage, buying a vehicle or jewellery, etc.) other than agriculture, so repayment of loans has been a problem for many farmers. Other farmers have failed to repay loans for genuine reasons of crop failures that are beyond their control. Some governments have waived farm loans to all farmers for political reasons and it has destroyed the financing institutions that provided the loans. Farmers in some states have come to the level of considering farm loans as state handouts for political considerations. Politics destroys everything. There is no consistent policy in selecting farmers, granting, recovering, and management of farm loans for sustainable intensification of agriculture through irrigation. Thank you.
Farm loans have been mismanaged by both farmers and the governments. Many farm loans taken by farmers have been used for purposes (e.g., marriage, buying a vehicle or jewellery, etc.) other than agriculture, so repayment of loans has been a problem for many farmers. Other farmers have failed to repay loans for genuine reasons of crop failures that are beyond their control. Some governments have waived farm loans to all farmers for political reasons and it has destroyed the financing institutions that provided the loans. Farmers in some states have come to the level of considering farm loans as state handouts for political considerations. Politics destroys everything. There is no consistent policy in selecting farmers, granting, recovering, and management of farm loans for sustainable intensification of agriculture through irrigation. Thank you.