According to an article published in the Indian Express , about three out of four small and marginal farmers will not benefit from the Rs 600 Billion loan waiver announced by the Finance Minister P. Chidambaram. According to the article, most of them borrow money from informal channels like money lenders, family and friends and self help groups.
This just goes to reinforce the point I made is one of my previous posts, Rs 600 Billion Bailout for Farmers in India, that the bailout will not impact the farmers that are most in need of the relief.
Read more at Majority of the Farmers not to Benefit from Loan Waiver
Also read Paying Private Money Lenders
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