THE CONSTITUTIONAL FRAMEWORK SURROUNDING DEBT RELIEF IN INDIA

Abstract According to the National Crime Records Bureau (NCRB) data, more than 1,60,000 farmers have ended their lives over the last one decade. Realizing the sheer magnitude of the disaster caused by indebtedness, the government has consistently attempted to address the problem by waiving the debts through several legislations and schemes. However, the legal framework in India has consistently failed to address the problem of indebtedness among the poor. This article seeks to highlight that the failure of the schemes is a consequence of the tussle between the Centre and the State created by the Constitutional framework in India.