Wednesday, August 4, 2021
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Politics is not charity and loan waiver encourages incompetence!

Politics is not a charity and UP CM Yogi Adityanath waving of farmers’ loans to the tune of Rs. 36, 359 crores with the blessings of the BJP government at the Centre is undemocratic and setting a wrong precedent for wrongful habitual defaulters. This move would put lots of pressure on the already troubled PSU banks and such waiver schemes only encourage corruption and create discrimination between the honest and those who are not.

Also, the government would make this loss good with honest tax payers’ money and citizens should not be surprised if this burden falls on their shoulders in some or the other form. Poll promises are political gimmicks that should have no place in our democratic set up. Impart education to a child so that he can earn his bread and butter instead of giving him alms which encourage begging. Similarly, provide latest technology and seeds to farmers to improve their crops than waving of loans which only push them towards incompetence.

(The views expressed by the author in the article are his/her own.)

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