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El Nino phenomenon: States must desist from loan waiver, says SBI’s ERD

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El Nino phenomenon: States must desist from loan waiver, says SBI’s ERD
Photo / Coverage: The Hindu Business Line
EXECUTIVE SUMMARY

With potential agricultural production losses estimated at 3.86 crore tonnes, SBI’s Economic Research Department suggests that states approach banks for loan restructuring, with governments sharing part of the cost.

Key Takeaways

  • El Nino phenomenon: States must desist from loan waiver, says SBI’s ERD.

With potential agricultural production losses estimated at 3.86 crore tonnes, SBI’s Economic Research Department suggests that states approach banks for loan restructuring, with governments sharing part of the cost.

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