-Business Standard Those who want to help India's farmers should be working much harder to figure out what they really need It’s election season in India and the money is flowing. Governments in many states have begun waiving tens of millions of dollars’ worth of loans to poor farmers in an effort to buy their loyalty. The argument – widely accepted by politicians and journalists, the demographic groups with the least fiscal...
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Agrarian distress: Income support to farmers better option than loan waivers -Soumya Kanti Ghosh
-Financial Express Income support for farm households may be a worse solution than freeing up agri trade and marketing, but it should work much better than loan waivers. When the new MSP regime was implemented in July, one of the common fears in the market was that the hikes would stoke inflation fears. Four months down the line, not only does this fear seems to have subsided, but serious concerns are now...
More »No escaping the debt trap!
-The New Indian Express A new worrisome report released by the government-owned NABARD claims that 79 per cent of Telangana farmers are struggling to repay their loans on time. HYDERABAD: Every successive government has implemented scheme after scheme “to save” the debt-ridden farmer, yet none of them seem to have made any impact. A new worrisome report released by the government-owned NABARD claims that 79 per cent of Telangana farmers are struggling...
More »From Plate to Plough: Lean year as a foundation -Ashok Gulati & Shweta Saini
-The Indian Express NABARD’s new survey offers a baseline to double farmers’ incomes. But is a survey done in a drought year a reliable yardstick? On August 16, NABARD presented the nation with a gift when it released the results of its All India Rural Financial Inclusion Survey (NAFIS). Among other things, the survey estimates 2015-16 farmers’ income levels. In February 2016, when Prime Minister Narendra Modi presented his vision of doubling...
More »Monthly income per farm household grew between NSSO & NABARD surveys, but so has the level of outstanding loans
A recent report by the National Bank for Agriculture and Rural Development (NABARD) enlightens one about the state of farmers' income and indebtedness in 2015-16. Entitled NABARD All India Rural Financial Inclusion Survey 2016-17 – in short NAFIS 2016-17 – the report says that between 2012-13 and 2015-16 the average monthly income for agricultural households grew by around 39 percent. One may recall that the Key Indicators of Situation Assessment Survey...
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