Discussion on Study of “Farm Loan Waivers in India: Assessing Impact and Looking Ahead”
Date: Thursday, 21st July 2022 | Juniper Hall, India Habitat Centre, Lodhi Road, New Delhi
Time: 01.00 pm to 02.30 pm
Venue: Juniper Hall, India Habitat Centre, Lodhi Road, New Delhi.
AGENDA
| Session | Time | Flow |
| Networking Lunch | 12.00pm – 01.00pm 1 hour |
|
| Introductions and Setting the Context | 01.00pm – 01.05pm 5 minutes |
Mr. Ajay Vir Jakhar Chairman, Bharat Krishak Samaj |
| Deciphering the Report: Farm Loan Waivers in India: Assessing Impact and Looking Ahead | 01.05pm to 01.30pm 25 minutes |
Ms. Shweta Saini Director, Arcus Policy Research Private Limited |
| Keynote Address | 01.30pm to 02.00pm 30 minutes |
1. Dr. T V Somnathan, IAS Secretary of Finance, Department of Expenditure, Ministry of Finance 2. Dr. Santosh Mehrotra Prof of Economics, Ex-Chairperson, Centre for Labour, JNU 3. Mr. P V S Surya Kumar* Deputy Managing Director, NABARD |
| Moderated Panel Discussion Q&A session | 02.00pm to 02.25pm 25 min | Moderated by Mr. Ajay Vir Jakhar Chairman, Bharat Krishak Samaj |
| Conclusion | 02.25pm to 02.30pm 5 minutes |
Mr. Siraj Hussain Former Secretary, Ministry of Agriculture, GOI Director, Arcus Policy Research Private Limited |
* To be confirmed.
About the report
Farm loan waivers (FLWs) have been announced by the Union and State Governments several times in the last few decades. Some states have even announced multiple loan waivers in successive years. Favourable electoral results for the announcing political parties have somehow provided political legitimacy to these waivers over the years. However, despite waivers, the distress of Indian farmers continues. This is in addition to the damage these waivers have done to the credit culture in the country. With this background, this study, sponsored by NABARD, was conducted in Maharashtra, Punjab and Uttar Pradesh. It traces the FLWs and assesses the impact on state governments, financial institutions and farmers.
Release of the Report
The Report was released by Dr. G.R. Chintala, Chairman, NABARD on April 22, 2022. The release event can be viewed here
The Report can be accessed here