-The Hindu Business Line Not the RBI, going by the revised priority sector lending norms, which will further reduce credit to the marginalised Prime Minister Narendra Modi has often expressed his sense of anguish at the plight of farmers. In a recent statement in the Lok Sabha, he noted that the agriculture community’s problems were “old, deep-rooted and widespread”, and stated that farmers cannot be left to fend for themselves. Implicit in that...
More »SEARCH RESULT
Total Matching Records found : 185
MGNREGS Made Headway in Ernakulam: Study
-The New Indian Express KOTTAYAM: There is a sharp decline in money-borrowing from local money lenders and private lending institutions in Ernakulam since the commencement of the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), says a study conducted by the School of International Relations and Politics (SIRP) at the Mahatma Gandhi University here. The MGNREG scheme has made headway in Ernakulam district, stresses the Impact Assessment Study conducted by the SIRP...
More »Debt, despair and death as farm crisis deepens -Sarbjit Dhaliwal
-The Tribune Grains Of Discontent: The damage to wheat crop due to untimely rain and hailstorm, followed by delayed payments, this rabi season has further stressed Punjab’s farmers. While the cost of farm inputs has risen manifold over the past few years, the profit margin is on a constant decline, thus making farming unviable. Unable to bear losses, several farmers have committed suicide in recent past As the day breaks, he enters...
More »Too early to say deficit monsoon to hit Rural Lending -Abhijit Lele
-Business Standard A clear picture is likely to emerge only towards the end of June Mumbai: Rural distress owing to heavy unseasonal rains in March and the prospects of less-than-normal monsoon have made bankers “a cautious lot” at the start of this financial year. However, it is too early to conclude that the impact of rains, or the lack of it, would be bad. According to public sector bank executives, the assessment for...
More »Why RBI had to protect small farmers -Ravi Krishnan
-Livemint.com The RBI norms towards targeted marginal lending for the small farmer is a structural solution to aid them—unlike bailout packages, which provide only short-term relief In its latest overhaul of priority sector lending rules, the central bank has stipulated that lenders should funnel at least 8% of their credit to small and marginal farmers. While the overall agriculture loan growth has galloped over the past decade, the chart shows why...
More »
