In this briefing:
1. Farm Loan Waiver: Tractors an Anonymous Beneficiary
Farm loan waivers have been a key driver in the pre-election polls as well as 2019 Lok Sabha polls. Apart from monsoons, the overall agriculture sector is affected by any incentive from the government such as farm loan waivers, infrastructure creation, or other initiatives taken for increasing income of small and marginal farmers.
Farm loan waivers not only impact the banks and financial institutions but also have a major influence on the revenue of various agricultural related industries. One such impact can be seen in the sales of tractors. It has been historically seen that whenever there is an announcement of incentivizing the income of farmers like the farm loan waiver, there has been an uptick in the demand of tractors.
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