The article looks at how often our banks are seen waiving off multi-crore loans of the rich and penalising farmers for even the smallest defaults.
Each government that comes to power plays the politics of loan waivers, but in the absence of land reform and structural change- how far can the rhetoric of loan waivers solve India’s agricultural crisis?
Bhartiya Kisan Union (BKU) recently reported that since the Congress government rolled out its loan waiver last year in Punjab, 430 farmers have committed suicide. Will the rhetoric of loan waivers on its own solve the farmers’ crisis?
AGRICULTURE The Kalahandi farmer suicide is not a unique case but representative of the larger agrarian crisis faced by India. The suicide of more than 300,000 farmers since 1998 points towards the need for state initiative that transforms the existence of India’s farmers.
Farming communities across India are marching in the streets to reassert their rights. The nation-state has to rethink its concerns.
The farmer is the backbone of a nation like India which is not only an agrarian society but also one which has a tremendously large population to feed and sustain. Given these conditions it is impossible for India to actually neglect and take for granted its farmer community but today what we witness around us is the stark opposite of this as farmers in various states of the country such as Uttar Pradesh have been promised loan waivers to give them relief from massive agricultural losses but the meagre amounts that they finally did manage to receive after much waiting are only an insignificant portion of what was promised on paper. Are we not cracking a very poor joke at the Indian farmer?