-The Tribune Rural debt doubles to Rs 80,000 crore in 7 years | Most deaths reported in Bathinda, Mansa, Muktsar Chandigarh: With the Rural Indebtedness in Punjab’s predominant agrarian economy touching Rs 80,000 crore, each rural household in the state is under a debt of an average Rs. 8 lakh. Or simply put, 89 per cent of the 10.53 lakh households in Punjab are under debt. This also shows how Rural Indebtedness in...
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Indebtedness among Farmers and Agricultural Labourers in Rural Punjab -Gian Singh, Anupama, Gurinder Kaur, Rupinder Kaur & Sukhvir Kaur
-Economic and Political Weekly Gian Singh (giansingh88@yahoo.com), Anupama (anupamauppal@yahoo. com) and Rupinder Kaur (rupinderkaur0076@gmail.com) teach economics at Punjabi University, Patiala; Gurinder Kaur (gurinder2005@yahoo.co.in) and Sukhvir Kaur (drsukhvir.sk@gmail.com) teach economics at Dashmesh Khalsa College, Zirakpur. The paper examines various hitherto unexplored aspects of indebtedness among farmers and agricultural labour households in rural Punjab. It analyses the extent and distribution of indebtedness among farmers and agricultural labourers, their sources of debt and the per...
More »Union Budget 2017-18: Urgent Need for an Improved Farm Debt Waiver Scheme -Ishan Anand
-TheWire.in Despite all the talk of a big push to the agricultural sector, the last Union Budget turned out to be a missed opportunity to provide genuine relief to farmers. The government must rectify this. The finance minister will be presenting the Union Budget 2017-18 at a time when the agrarian economy is in deep crisis. The farmers of the country have been suffering from a longstanding neglect of the sector, which...
More »Towards less-cash agriculture: Well before demonetisation, low credit-driven model came up in Dewas -Vivian Fernandes
-The Financial Express In Madhya Pradesh’s tribal districts of Dewas and Khargone, the NGO, Samaj Pragati Sahayog, discourages cash transactions for agricultural inputs. The interest rates are usurious and vary according to commodities. For fertiliser, it is dheda—loan for the stuff has to be repaid 1.5 times over by the end of the harvest season. For pesticides it is sawa, or 1.25 times. Even barter can be extortionate. One quintal of...
More »Between 2014 & 2015, farm suicides rise by 2 percent
The Bharatiya Janata Party's (BJP) election manifesto for 2014 Lok Sabha election says that if elected to the Centre, it will then "(p)ut in place welfare measures for farmers above 60 years in age, small and marginal farmers and farm labours", among other things. Despite the formation of a BJP led National Democratic Alliance (NDA) government at the Centre in 2014, the latest available data on farm suicides from the...
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