( ISSN 2277 - 9809 (online) ISSN 2348 - 9359 (Print) ) New DOI : 10.32804/IRJMSH

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LOAN WAIVER AND ITS IMPACT ON ECONOMY WITH SPECIAL REFERENCE TO MAJOR STATES OF INDIA

    1 Author(s):  DR. TARUN PRAKASH

Vol -  12, Issue- 10 ,         Page(s) : 421 - 429  (2021 ) DOI : https://doi.org/10.32804/IRJMSH

Abstract

loan plays a very important role in economic development of society. It act as a major source of finance in rural area especially for farmers. Earlier farmers use to take loan from traditional money lenders at high rate of interest. As time passed with evolution of banking sector farmers are able to get loan with less interest rate but due to various reasons farmers were unable to repay their debts are given relief through various schemes.

Government of India, 2008, Union Budget 2008-09, Ministry of finance, Government of  india, New Delhi, March
  Http://m.businesstoday.in/lite/story/karnataka-budget-farm-loan-waiver-scheme/ I /
279926.html

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