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1. Library Resource

   

   What Does Debt Relief Do for Development? Evidence from India’s Bailout Program for Highly-Indebted Rural Households

   January, 2013

   India

   Land & Corruption

   corruption

   farmers

   landowners

   urban areas

   This paper studies the impact of a large
   debt relief program, intended to attenuate investment
   constraints among highly-indebted households in rural India.
   It isolates the causal effect of bankruptcy-like debt relief
   settlements using a natural experiment arising from
   India's Debt Relief Program for Small and Marginal
   Farmers -- one of the largest debt relief initiatives in
   history. The analysis shows that debt relief has a