-Business Standard Even as country stares at a possible drought, Mahatma Gandhi National Rural Employment Guarantee Scheme has hit a new low At a time when rural India is in distress, the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), which could have provided some relief, is itself facing its worst period ever. The number of people working under the scheme and the amount of work provided is dwindling, and the trend...

-Livemint.com How farmers in chronically drought-prone Bundelkhand made the RATional choices to improve their lot and yet ended up in a debt trap Banda/New Delhi: “I have made up my mind. I cannot repay my loans. I cannot free my land. I will die,” Ram Bahadur Singh said, with a casual chuckle. The neighbours seated around did not react; after all, this was not the first time that the 52-year-old from...

-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...

-Livemint.com/ India RATings Report by India RATings & Research Non-performing loan RATio of agriculture loan portfolio could double for some banks The asset quality of India’s agricultural credit could be significantly affected by crop damage due to untimely hail and rain in March, according to India RATings and Research. The non-performing loan (NPL) RATio of the agriculture loan portfolio could double for some banks, though the reduction of overall return on average assets...

-The Hindu "At least 50 deaths of farmers either by suicide or cardiac arrest have been reported and government has done nothing about it." Brown, damaged wheat fields is all one gets to see in Sonepat district of Haryana. In at least six villages The Hindu surveyed, deaths of farmers, either by suicide or cardiac arrest, have occurred following the shock of crop loss due to unseasonal rain. Yet, last week in...