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LATEST NEWS UPDATES | Marathwada farmers face bleak sowing season -Atul Deulgaonkar </title>
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-VillageSquare.in
Although the Maharashtra government has announced a loan waiver, deeply indebted farmers of Marathwada still do not know how they will get the money to buy farm inputs this sowing season ahead of the monsoon
Latur (Maharastra): Barma Mind of Gangapur..."/>
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-VillageSquare.in
Although the Maharashtra government has announced a loan waiver, deeply indebted farmers of Marathwada still do not know how they will get the money to buy farm inputs this sowing season ahead of the monsoon
Latur (Maharastra): Barma Mind of Gangapur..." />
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<h1 class="cat-box-title">Marathwada farmers face bleak sowing season -Atul Deulgaonkar</h1>
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Published on</span><span class="text-date"> Jun 21, 2017</span>
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<div align="justify">-VillageSquare.in<br /><br /><em>Although the Maharashtra government has announced a loan waiver, deeply indebted farmers of Marathwada still do not know how they will get the money to buy farm inputs this sowing season ahead of the monsoon<br /><br />Latur (Maharastra): </em>Barma Mind of Gangapur village in Latur district is a small farmer with 4.5 acres of land. He had taken a loan of Rs 54000 from an agriculture cooperative society in April 2015. Much of the loan was used for medical treatment of his son Santosh, who consumed poison in an attempt to suicide. The remaining money helped sowing in that season that proved futile, as there was no timely rainfall.<br /><br />Mind’s agriculture cooperative society charges 11 % rate of interest to a defaulter, compared with 6% to a regular payer. His debt has risen to Rs 69,000 on March 31, 2017. He now waits for a loan waiver but is at a loss how to organize input costs for this sowing season. The same story has been repeated in thousands of villages in Marathwada.<br /><br />The Maharashtra government has announced a farm loan waiver for marginal farmers, which is expected to cost the state government Rs 30,000 crore. It follows a similar announcement by Uttar Pradesh in April that is worth Rs 35,000 crore. Maharashtra Chief Minister Devendra Fadnavis has announced the state government will provide immediate relief of Rs 10,000 to every farmer owning less than 5 acres of agricultural land. He said, “Banks would be directed to immediately give Rs 10,000 to each farmer, especially those in debt and with small and marginal landholding, to enable them to procure seeds and fertilizers.”<br /><br /><em>Too many riders<br /></em><br />But a government resolution (no 0617/117/2 dated June 14, 2017) has given 19 criteria to be applied. This makes it difficult for small farmers to avail of the relief. Latur District Central Cooperative Bank Ltd, one the best five cooperative banks in the state, offered Rs 675 crore to 220,000 farmers in 2016, out of which 30,193 farmers are (6%) defaulters. “Government criteria are so clumsy that hardly 10% farmers would be eligible for this relief,” a cooperative bank official said on condition of anonymity. Sudhakar Shinde, President of the Farmers Councul of Latur District was also critical of the rules.<br /><br />Meanwhile, the state government has asked all nationalized banks and district cooperative banks to submit information about crop loans up to Rs 50,000 given to farmers. It clearly indicates that details of loan waiver would be available by the end of July. How farmers would get loans this season remains a mystery.<br /><br />Please <a href="https://www.villagesquare.in/2017/06/19/marathwada-farmers-face-bleak-sowing-season/" title="https://www.villagesquare.in/2017/06/19/marathwada-farmers-face-bleak-sowing-season/">click here</a> to read more. </div><div align="justify"> </div>
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<br><a href="https://www.villagesquare.in/2017/06/19/marathwada-farmers-face-bleak-sowing-season/" class="re" target="_blank">VillageSquare.in, 19 June, 2017, https://www.villagesquare.in/2017/06/19/marathwada-farmers-face-bleak-sowing-season/</a><div class="clear"></div>
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<h1 class="cat-box-title">Marathwada farmers face bleak sowing season -Atul Deulgaonkar</h1>
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Published on</span><span class="text-date"> Jun 21, 2017</span>
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<div align="justify">-VillageSquare.in<br /><br /><em>Although the Maharashtra government has announced a loan waiver, deeply indebted farmers of Marathwada still do not know how they will get the money to buy farm inputs this sowing season ahead of the monsoon<br /><br />Latur (Maharastra): </em>Barma Mind of Gangapur village in Latur district is a small farmer with 4.5 acres of land. He had taken a loan of Rs 54000 from an agriculture cooperative society in April 2015. Much of the loan was used for medical treatment of his son Santosh, who consumed poison in an attempt to suicide. The remaining money helped sowing in that season that proved futile, as there was no timely rainfall.<br /><br />Mind’s agriculture cooperative society charges 11 % rate of interest to a defaulter, compared with 6% to a regular payer. His debt has risen to Rs 69,000 on March 31, 2017. He now waits for a loan waiver but is at a loss how to organize input costs for this sowing season. The same story has been repeated in thousands of villages in Marathwada.<br /><br />The Maharashtra government has announced a farm loan waiver for marginal farmers, which is expected to cost the state government Rs 30,000 crore. It follows a similar announcement by Uttar Pradesh in April that is worth Rs 35,000 crore. Maharashtra Chief Minister Devendra Fadnavis has announced the state government will provide immediate relief of Rs 10,000 to every farmer owning less than 5 acres of agricultural land. He said, “Banks would be directed to immediately give Rs 10,000 to each farmer, especially those in debt and with small and marginal landholding, to enable them to procure seeds and fertilizers.”<br /><br /><em>Too many riders<br /></em><br />But a government resolution (no 0617/117/2 dated June 14, 2017) has given 19 criteria to be applied. This makes it difficult for small farmers to avail of the relief. Latur District Central Cooperative Bank Ltd, one the best five cooperative banks in the state, offered Rs 675 crore to 220,000 farmers in 2016, out of which 30,193 farmers are (6%) defaulters. “Government criteria are so clumsy that hardly 10% farmers would be eligible for this relief,” a cooperative bank official said on condition of anonymity. Sudhakar Shinde, President of the Farmers Councul of Latur District was also critical of the rules.<br /><br />Meanwhile, the state government has asked all nationalized banks and district cooperative banks to submit information about crop loans up to Rs 50,000 given to farmers. It clearly indicates that details of loan waiver would be available by the end of July. How farmers would get loans this season remains a mystery.<br /><br />Please <a href="https://www.villagesquare.in/2017/06/19/marathwada-farmers-face-bleak-sowing-season/" title="https://www.villagesquare.in/2017/06/19/marathwada-farmers-face-bleak-sowing-season/">click here</a> to read more. </div><div align="justify"> </div>
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<br><a href="https://www.villagesquare.in/2017/06/19/marathwada-farmers-face-bleak-sowing-season/" class="re" target="_blank">VillageSquare.in, 19 June, 2017, https://www.villagesquare.in/2017/06/19/marathwada-farmers-face-bleak-sowing-season/</a><div class="clear"></div>
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LATEST NEWS UPDATES | Marathwada farmers face bleak sowing season -Atul Deulgaonkar </title>
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Although the Maharashtra government has announced a loan waiver, deeply indebted farmers of Marathwada still do not know how they will get the money to buy farm inputs this sowing season ahead of the monsoon
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<h1 class="cat-box-title">Marathwada farmers face bleak sowing season -Atul Deulgaonkar</h1>
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Published on</span><span class="text-date"> Jun 21, 2017</span>
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<div align="justify">-VillageSquare.in<br /><br /><em>Although the Maharashtra government has announced a loan waiver, deeply indebted farmers of Marathwada still do not know how they will get the money to buy farm inputs this sowing season ahead of the monsoon<br /><br />Latur (Maharastra): </em>Barma Mind of Gangapur village in Latur district is a small farmer with 4.5 acres of land. He had taken a loan of Rs 54000 from an agriculture cooperative society in April 2015. Much of the loan was used for medical treatment of his son Santosh, who consumed poison in an attempt to suicide. The remaining money helped sowing in that season that proved futile, as there was no timely rainfall.<br /><br />Mind’s agriculture cooperative society charges 11 % rate of interest to a defaulter, compared with 6% to a regular payer. His debt has risen to Rs 69,000 on March 31, 2017. He now waits for a loan waiver but is at a loss how to organize input costs for this sowing season. The same story has been repeated in thousands of villages in Marathwada.<br /><br />The Maharashtra government has announced a farm loan waiver for marginal farmers, which is expected to cost the state government Rs 30,000 crore. It follows a similar announcement by Uttar Pradesh in April that is worth Rs 35,000 crore. Maharashtra Chief Minister Devendra Fadnavis has announced the state government will provide immediate relief of Rs 10,000 to every farmer owning less than 5 acres of agricultural land. He said, “Banks would be directed to immediately give Rs 10,000 to each farmer, especially those in debt and with small and marginal landholding, to enable them to procure seeds and fertilizers.”<br /><br /><em>Too many riders<br /></em><br />But a government resolution (no 0617/117/2 dated June 14, 2017) has given 19 criteria to be applied. This makes it difficult for small farmers to avail of the relief. Latur District Central Cooperative Bank Ltd, one the best five cooperative banks in the state, offered Rs 675 crore to 220,000 farmers in 2016, out of which 30,193 farmers are (6%) defaulters. “Government criteria are so clumsy that hardly 10% farmers would be eligible for this relief,” a cooperative bank official said on condition of anonymity. Sudhakar Shinde, President of the Farmers Councul of Latur District was also critical of the rules.<br /><br />Meanwhile, the state government has asked all nationalized banks and district cooperative banks to submit information about crop loans up to Rs 50,000 given to farmers. It clearly indicates that details of loan waiver would be available by the end of July. How farmers would get loans this season remains a mystery.<br /><br />Please <a href="https://www.villagesquare.in/2017/06/19/marathwada-farmers-face-bleak-sowing-season/" title="https://www.villagesquare.in/2017/06/19/marathwada-farmers-face-bleak-sowing-season/">click here</a> to read more. </div><div align="justify"> </div>
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<br><a href="https://www.villagesquare.in/2017/06/19/marathwada-farmers-face-bleak-sowing-season/" class="re" target="_blank">VillageSquare.in, 19 June, 2017, https://www.villagesquare.in/2017/06/19/marathwada-farmers-face-bleak-sowing-season/</a><div class="clear"></div>
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LATEST NEWS UPDATES | Marathwada farmers face bleak sowing season -Atul Deulgaonkar
Marathwada farmers face bleak sowing season -Atul Deulgaonkar
Published on Jun 21, 2017
Modified on Jun 21, 2017
-VillageSquare.in
Although the Maharashtra government has announced a loan waiver, deeply indebted farmers of Marathwada still do not know how they will get the money to buy farm inputs this sowing season ahead of the monsoon
Latur (Maharastra): Barma Mind of Gangapur village in Latur district is a small farmer with 4.5 acres of land. He had taken a loan of Rs 54000 from an agriculture cooperative society in April 2015. Much of the loan was used for medical treatment of his son Santosh, who consumed poison in an attempt to suicide. The remaining money helped sowing in that season that proved futile, as there was no timely rainfall.
Mind’s agriculture cooperative society charges 11 % rate of interest to a defaulter, compared with 6% to a regular payer. His debt has risen to Rs 69,000 on March 31, 2017. He now waits for a loan waiver but is at a loss how to organize input costs for this sowing season. The same story has been repeated in thousands of villages in Marathwada.
The Maharashtra government has announced a farm loan waiver for marginal farmers, which is expected to cost the state government Rs 30,000 crore. It follows a similar announcement by Uttar Pradesh in April that is worth Rs 35,000 crore. Maharashtra Chief Minister Devendra Fadnavis has announced the state government will provide immediate relief of Rs 10,000 to every farmer owning less than 5 acres of agricultural land. He said, “Banks would be directed to immediately give Rs 10,000 to each farmer, especially those in debt and with small and marginal landholding, to enable them to procure seeds and fertilizers.”
Too many riders
But a government resolution (no 0617/117/2 dated June 14, 2017) has given 19 criteria to be applied. This makes it difficult for small farmers to avail of the relief. Latur District Central Cooperative Bank Ltd, one the best five cooperative banks in the state, offered Rs 675 crore to 220,000 farmers in 2016, out of which 30,193 farmers are (6%) defaulters. “Government criteria are so clumsy that hardly 10% farmers would be eligible for this relief,” a cooperative bank official said on condition of anonymity. Sudhakar Shinde, President of the Farmers Councul of Latur District was also critical of the rules.
Meanwhile, the state government has asked all nationalized banks and district cooperative banks to submit information about crop loans up to Rs 50,000 given to farmers. It clearly indicates that details of loan waiver would be available by the end of July. How farmers would get loans this season remains a mystery.
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