-The Hindu Reviving the Farm Income Insurance Scheme could be the best tool for small and marginal farmers to fight falling prices in an increasingly globalised marketplace. Data from the recently held National Sample Survey Organisation (NSSO) survey show that close to 60 per cent of rural households are dependent on agriculture for their livelihood. More than half of them are at risk of defaulting on their debts with either banks or...
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In true colours -Sudhir Kumar Panwar
-Frontline The BJP-led NDA government has, in the two Budgets it has presented so far, revealed itself to be very different from the pro-farmer image that its leading election campaigner and now Prime Minister, Narendra Modi, projected. THE Bharatiya Janata Party's manifesto for the 2014 Lok Sabha election states: "Agriculture is the engine of India's economic growth and the largest employer, and BJP commits highest priority to agriculture growth, increases in...
More »The Invisible Casualties of India's Agrarian Crisis -Niha Masih & Shyam Balasubramanian
-NDTV Lucknow: Unseasonal rain and hailstorm in March have brought Uttar Pradesh to the brink of an agrarian crisis, affecting 25 of the state's 80 districts. Crop losses have dealt a particularly severe blow to landless farmers, who are emerging the invisible casualties of the agrarian crisis. Unseasonal rain has destroyed crops on large tracts of farmland. And landless farmers, who usually till farmlands leased or rented from landowners, fall through...
More »Why is farm sector loan growth this year higher than agricultural GDP? -Ravi Krishnan
-Livemint.com The nominal agricultural gross domestic product growth is down this fiscal year, but credit growth to agriculture is up Here's a strange fact: nominal agricultural gross domestic product (GDP) growth is down this fiscal year, but credit growth to agriculture is up; and while nominal industrial GDP is up a bit, credit growth to industry is down. Please click here to read more. ...
More »Targeted lending to farmers a must -Gopa Kumaran Nair and Nirupam Mehrotra
-The Financial Express In a column in The Financial Express, ("Time to tweak priority-sector lending", goo.gl/6O8AOL, February 6), the author made a case for "tweaking" priority-sector lending (PSL) norms which largely stipulate that the commercial banks direct credit towards certain vulnerable sectors and target population. Specifically, the article argued for revisiting the sectoral targets and cited a reduction in the share of agriculture sector in GDP as a valid reason...
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