-The Hindu Business Line New Delhi: All India Kisan Sabha, the farmers’ outfit of CPI (M), has decided to hold a protest of the family members of farmers who committed suicide in the last one year. Families of about 100 farmers, who committed suicide, will sit in front of Parliament to protest the policies of the Narendra Modi Government on Monday. Alarming rise CPI (M) Polit Bureau member and AIKS General Secretary Hannan...
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Price crash pushes sericulture farmers towards suicide -Vishwanath Kulkarni
-The Hindu Business Line Raw silk duty cut triggers sharp fall Bengaluru: Unable to deal with mounting debts amidst diminishing returns from his three-acre farm, Siddaramu, a sericulture farmer in his mid-fifties at Abburdoddi near Channapatna, committed suicide recently in his silkworm rearing house. The trigger for this unfortunate incident was the crash in silk cocoon prices and the issuance of recovery notice by the bank, says Chandramma, his wife. Other crops too failed Siddaramu,...
More »Funds for short-term crop loans cut, 10.5 lakh farmers to be hit -Sarbjit Dhaliwal
-The Tribune Chandigarh: The National Bank for Agriculture and Rural Development (NABARD) has imposed a cut of Rs. 3,400 crore on the allocation made to the state to advance short-term crop loans. The loans are advanced twice in a year for rabi and kharif crops. At least 10.5 lakh farmers are expected to be hit hard. These loans are advanced on half-yearly basis through agriculture cooperative societies. On an average, NABARD used to...
More »How loan sharks pull poor farmers into a debt trap -Naheed Ataulla & Anand J
-The Times of India As crops fail, banks don't deliver and the government falters, Mandya's farmers find themselves at the mercy of unscrupulous moneylenders Chenne Gowda has a Rs. 4 lakh albatross around his neck. The 55-year-old sugarcane farmer from Chikka maralli village in Pan davapura taluk, Mandya district, took the loan from private moneylenders but has no idea how he'll repay. His crop, on two acres, is wilting in the field...
More »A subsidy and some questions
-The Hindu The Central government’s decision this week to extend the interest subvention scheme on bank loans given to land-owning farmers at 7 per cent is essentially a welcome move. This is especially so in a context where there is no real clarity on how the current monsoon will turn out to be, running at a deficit of 7 per cent as it does currently. With an additional subvention component of...
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