We investigate the impact of a large scale debt waiver program for small agricultural borrowers in India on the short term and long term consumption levels of the beneficiaries. We obtain consumption data from three national level surveys conducted before and after the waiver by a federal...

Using a model as well as extensive empirical tests, the present paper investigates the effects of a large-scale debt waiver program on the post-waiver debt repayment behavior of borrowers in a typical rural credit market in an emerging economy. In this market the farmers borrow from banks at a...

We investigate the effects of a large government-initiated debt relief program on ex-ante and ex post credit market efficiency. We use loan accounts data for a large sample of borrowers before and after a nation-wide debt relief program in India. Employing robust regression discontinuity design,...