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LATEST NEWS UPDATES | Loan schemes don't reach 59% of rural India: Survey

Loan schemes don't reach 59% of rural India: Survey

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published Published on Jun 28, 2019   modified Modified on Jun 28, 2019
-PTI

* Survey also noted that the next generation in 48% farming families does not want to pursue agriculture

* At least 43.6 per cent farmers said they did not get the correct price for their produce, said the survey conducted rural media platform Gaon Connection

NEW DELHI:
Loan schemes don't reach almost 60% people in rural India, says a new survey which also finds climate change to be the biggest challenge for one in five farmers.

The survey, conducted by rural media platform Gaon Connection, noted that the next generation in 48 per cent farming families does not want to pursue agriculture.

At least 43.6 per cent farmers said they did not get the correct price for their produce, said the survey conducted among 18,000 rural respondents across 19 states, including Uttar Pradesh, Bihar, Madhya Pradesh, Maharashtra, Punjab, West Bengal and Telangana.

The survey -- released ahead of the Union Budget next week and exploring issues such as water scarcity and law and order -- found that a massive 59 per cent of farmers were unable to avail of any kind of loan, often because of lack of proper information.

Only 25 per cent and 15 percent of the respondents said they took loans amounting up to Rs.50,000 and Rs.5 lakh, respectively.

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Livemint.com, 27 June, 2019, https://www.livemint.com/politics/policy/loan-schemes-don-t-reach-59-of-rural-india-survey-1561638780291.html


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