Fascinating discussion on underlying drivers behind rural economy distress and what can be done to address it.
Some interesting points raised:
Are MSPs effective and actually getting to the end beneficiaries? Is this a band-aid that, without structural changes to agriculture, will create further problems down the line
Are loan waivers a permanent subsidy because voters do not want withdrawal of benefits?
Earlier the policy was do ban informal lending. It would be worth re-looking at this and try and bring informal lenders into the fold. A number of such lenders have been in operation for decades and know their customers well
Currently insurance schemes are very inefficient and do not have much impact. Digital solutions can be adopted to improve delivery and ensure more people can benefit
Health insurance is only one piece of the puzzle. We still do not have adequate supply of healthcare facilities and services
There has been rampant and rapid transition to financial services. But do investors understand the underlying risk they are taking for these investments?