Reality Check - Farmer and Debt Relief
Sulabhram is a model citizen - farmer by profession.
Moneyram is a shrewd citizen - farmer by profession.
Both took a loan of Rs 50,000/= from a government bank. Sulabhram worked hard to pay back the loan amount. Moneyram did not pay back a single paisa.
Mr Chidambaram (a perinially smiling celebrated finance minister) declared that there was no need to payback unpaid loan. Sulabhram has not just lost Rs 50,000/=, he feels like a fool for having paid back the loan. Moneyram has not just gained Rs 50,000/=, his belief that he must take even more loans and not repay anything has further been strengthened.
This is not some hypothetical story - but a reality. Not even talking of loan taken from private money lenders here!