VFMDirect.in
KPL's blog on Indian stock markets, science, technology and more
June 13, 2017
Loan waiver: first UP, now Maharashtra. Next MP? Gujarat? Punjab?
What about the honest farmer who has diligently repaid his loans?
He looks like a fool now.
Put differently, there is no longer any incentive to repay loans.
And this is bad news for banks and micro finance companies.
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