-TwoCircles.net Punjab is considered to be one of the most prosperous states in India.A study came out a few days ago that states that 98% of rural households are in debt.The average amount of debt per household is close to 5 Lakh Rupees. The report points out that more than half of the debt is to non institutional lenders,the Arhtias,the middlemen and money lenders.Small and marginal farmers can not go to...
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98% households in villages under debt: Study -Sarbjit Dhaliwal
-The Tribune Chandigarh: One of the main reasons for a large number of suicides in the agriculture sector is debt. It is an established fact that Punjab farmers turn to non-institutional sources of credit despite a large network of banks in the state. At least 52.77 per cent rural households in the state are dependent on non-institutional sources for loans, says Dr Satish Verma, Professor, Reserve Bank of India Chair, CRRID. He...
More »Report: Women form half of agriculture workforce in state -Anisha Anand
-The Times of India PATNA: Bihar's agriculture sector is highly feminized, with 50.1% of the total workforce engaged in farming activities being women, says a report on women in the informal economy of Bihar, which was released on Friday at Asian Development Research Institute (ADRI) here. The report has been compiled by SEWA Bharat's Special Task Force. The high rate of migration of men from Bihar over the past few decades has...
More »Putting the poor on the list -Charan Singh, Akshay Goenka and Ritesh Garg
-The Hindu Business Line A new approach to financial inclusion using post offices The Government is making intensive efforts to extend access to financial resources such as savings accounts, credit and insurance services to unbanked sections of our society, and the knowledge and freedom to leverage them to one's benefit. The Budget has already mentioned that the Government considers financial inclusion as an important thrust area and the Prime Minister is expected...
More »Altering Punjab's caste equations -Aman Sethi
-The Business Standard The Punjab experience suggests rising agricultural productivity doesn't automatically translate into better jobs,but the story doesn't end there. A recent paper on the post-Green revolution economic transition of Punjab's peasantry, published by Punjab Agricultural University professors Sukhpal Singh and Shruti Bhogal, suggests that increasing productivity of rural workers is only one part of the agriculture to manufacturing transition. Punjab has the most mechanized agricultural sector in the country,...
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