Summary:
The loans included medium- and long-term ones too, apart from crop loans of one-year tenor. Four, post-waiver, the number of new borrowers, mostly in the category of marginal and small farmers, went up. They point out that the “adverse impact” on the marginal and small farmers was only for one year. This subsequently got corrected, a point acknowledged in the RBI study too. In May 2016, the government had announced waiver of agricultural loans of around ?6,095 crore, benefiting 16.94 lakh marginal and small farmers (who owned land up to five acres)..