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India waived of farmer loans worth Rs 3.1 lakh crore

According to a report by data journalism firm IndiaSpend, India waived off a cumulative Rs 3.1 lakh crore in farm loans till date. The amount is 2.6% of the country's GDP in 2016-17 or 16 times the amount sanctioned for rural roads in 2016-17. However, waivers have had little to no impact on farmer suicides, the study revealed.

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