10. As you would have noted from these initial remarks, farm loan waivers have stirred up considerable passion and polarised opinions. While in no way detracting from the acute distress that farmers face with every disruption in crop cycles, it is important to recognise that there are externalities that spill over beyond the farm sector.
Eventually, other economic agents and other parts of the economy get affected. How can these spill overs be minimised? How do we defray the incidence of the burden on tax payers? From a policy perspective, what needs to be done to move away from palliatives in the form of debt relief and into a more fundamental solution that enhances welfare all around?