Is farm loan waiver impact on Indian economy overestimated?

Analysts and industry experts believe that it is the Non-Banking Financial Companies (NBFCs) and Micro Finance Institutions (MFIs) that are to take a greater hit with these farm loan waivers. A study estimated that NPA amount for cooperative credit system alone is at Rs 40,000 crore. 

Is farm loan waiver impact on Indian economy
Representational image of a farmer at his drought hit farm. Pic: IANS

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