Recently, the Reserve Bank of India shared the report of an Internal Working Group (IWG), which examined the Economic impact of farm loan waivers. With reference to this identify which of the following statement(s) is/are correct about Farm Loan Waivers in India? 1. In the Indian Economy, Farm Loan Waivers are a recent phenomenon, occurring especially after consecutive droughts since 2014-15. 2. A farm loan waiver by the government implies that the government settles the private debt that a farmer owes to a bank. 3. The economic benefit of loan waiver on households can only be realized if credit allocation to beneficiary households is not impacted. Select the correct answer using the codes given below: - Study24x7
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UPSC & State PSC
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Recently, the Reserve Bank of India shared the report of an Internal Working Group (IWG), which examined the Economic impact of farm loan waivers. With reference to this identify which of the following statement(s) is/are correct about Farm Loan Waivers in India? 1. In the India...

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A

1 and 2 only

B

1 and 3 only

C

2 and 3 only

D

1, 2 and 3

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