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Farm loan waiver only a temporary step, says Vice President

Farm loan waiver only a temporary step, says Vice President
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Hyderabad,(PTI) Vice President M Venkaiah Naidu said Thursday that farm loan waiver was only a temporary step to alleviate problems faced by farmers as he stressed the need for finding long-term solutions to improve the agriculture sector.

He also emphasised the need for bringing structural changes in the agriculture sector through policy interventions at central and state levels.

“Loan waiver is only temporary. You waive loan this season, (and) next season who will give loan? One has to understand…very serious matter,” he said after inaugurating ‘Agri-Vision 2019′, a two-day conference on envisioning agro solutions for smart and sustainable agriculture’ here.

Stating that he was not against loan waivers, Naidu said one must have the capacity and the wealth to execute loan waiver.

“You must have the capacity. You must have the wealth, then only you can distribute. If there is no wealth, how do you distribute it? You will become a pauper.

“So we have to think in the long-term by providing connectivity, electricity, roads, water, storage facilities, refrigerator systems, good market system and timely affordable credit. These are the challenges,” he said.

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