amesh Chand, member of National Institution for Transforming India (NITI) aayog, said loan waiver is not an effective solution on farmers suicide. He said that the loan waiver itself can not bring finacial stability to the farmers. Loan waiver is not an effective solution on farmers suicides. The loan waiver does not yield an expected result even after spending big amount on it. Loan waiver can not bring financial stability to the farmers. If schemes like paying subsidy to fill a gap between the production cost and the MSP are implemented in the amount of loan waiver that will be beneficial for the farmers,Chand told reporters.