The AIADMK’s electoral promise of waiver of loans taken through cooperative institutions has raised the question of feasibility in the wake of the Reserve Bank of India’s (RBI) directions. 

The AIADMK’s scheme covers crop loans obtained by farmers from primary agricultural credit cooperative societies (PACCS) and loans obtained by persons with disabilities and pavement vendors from cooperative banks. Though the ruling DMK is silent this time on the issue of waiver of crop loans, it made an assurance five years ago in this regard.