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Cabinet clears 5% interest subvention for crop loans

-The Hindu Scheme will continue for one year, be overseen by NABARD Amid growing protests over farm sector distress, the Cabinet has approved the extension of the interest subvention scheme for farmers to 2017-18. Short-term crop loans up to Rs. 3 lakh will receive a subvention of 5%, effectively reducing the rate for farmers to 4%. The government has earmarked a sum of Rs. 20,339 crore for this. The interest subvention scheme will...

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Farmer agitations point to a deeper problem in our agricultural system -Prakash Bakshi

-The Economic Times blog With loan waivers granted on Sunday to farmers in Maharashtra, and to farmers in Uttar Pradesh in April, Madhya Pradesh’s agriculturalists continue to demand waivers and the revision of the minimum support price even after protesting farmers in Mandsaur were shot dead by the police. While such turmoil appears to have immediate causes, their sources are rooted in problems that lie deeper. Today’s level of food grain production...

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Maharastra Farm Loan waiver: Panel for blanket waiver in suicide-hit Vidarbha, Marathwada -Nanda Kasabe

-The Financial Express Pune: Prominent farm activist and current chairman of the special task force constituted by the government of Maharashtra on agrarian crisis, Kishore Tiwari, has urged CM Devendra Fadnavis to cover all the farmers of the 14 distressed districts of Vidarbha and Marathwada in the blanket loan waiver announced on Sunday without any conditions. Welcoming the loan waiver announced by the government, Tiwari said farmers in the distressed districts...

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Puntamba: The Maharashtra village that triggered the Farm Loan waiver stir -Abhiram Ghadyalpatil

-Livemint.com Considering the meticulous and methodical preparations that went into making the farmers protests count, Puntamba village’s moment of glory appears well deserved Puntamba, Maharashtra: Sarjerao Jadhav, a farmer in Puntamba village of Ahmednagar district in Maharashtra, remembers the day when a special gram sabha (village panchayat assembly) passed the resolution saying farmers would go on strike from 1 June. “On 3 April, when we moved this resolution, we thought we would begin...

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Haryana farmers refuse to withdraw agitation -Sukhbir Siwach

-The Indian Express State govt starts gathering details of outstanding Farm Loans Chandigarh: Agitating farmers in Haryana have refused to withdraw their agitation despite the acceptance of several demands of farmers in Maharashtra and Madhya Pradesh. Haryana farmers, who are sitting on dharna in many parts of the state, have decided to block national highways and state highways for three hours on June 16. On the other hand, keeping in view the...

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