Centre initiates discussion on farm loan waiver

Finance Minister Arun Jaitley initiated discussions on farm loan waiver scheme with the agriculture ministry and some states on Friday. Agriculture Minister Radha Mohan Singh, Maharashtra Chief Minister Devendra Fadnavis and Tamil Nadu Finance Minister D Jayakumar were among those who met Mr.Jaitley to discuss various issues concerning farmers including the loan waiver scheme.

The Finance Minister has assured that the central government would consider their demands positively and come up with some scheme to help farmers in distress.

However, Bankers have expressed concern over farm debt waiver scheme saying this kind of schemes disrupt credit discipline among borrowers.