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Instead of waiver, the Government may re-phase the short-term loans into long-term loans and the banks may give interest relay to such cases. If these are all done, it will bring a healthy atmosphere in bank loan recovery. Because again in the Budget Rs 2,80,000 crore are allocated as agricultural loans to the farmers in 2008-09 and in fact waiver scheme will motivate farmers wrongly. Instead of offering free electricity, and loan waivers scheme regularly, the Government may allot sufficient amount in the Budget to improve the rural infrastructure such as adequate storage facilities, transport and processing facilities of grains, fruits and vegetables and prevent distress sale of produce.

T. Vijayakumar, Professor & Head,

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No rollback of Budget proposals: Chidambaram

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