%A Ganga Narayan Rath %T Loan waivers are a double-edged sword %! Loan waivers are a double-edged sword %X The first recorded instance of granting loans to peasants in medieval India dates back to the regime of Muhammad-bin-Tughluq (1325-51) when, to ameliorate the distress suffered by villagers, Taccavi loans were advanced. %U https://www.thebillionpress.org/columns/economy/loan-waivers-are-double-edged-sword-852