-The Financial Express The fastest-growing major economy of the world cannot ignore its farmers as there is a genuine need to help the farming sector which is suffering from stress on account of indebtedness. The banking industry is also not able to extend Credit to those farmers who are in default. A loan waiver can help bankers to renew the loans, and farmers can use the borrowed money for production of...
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Farm loan waiver may give Karnataka farmers easier access to Credit -
-Livemint.com Burden of farm loans has driven many Karnataka farmers into the clutches of moneylenders, who at times charge even by the hour Bengaluru: Naveen Kumar, 40, a small farmer in Hassan district, Karnataka, paid Rs.2,400 as premium (Rs.1,200 per acre) to insure his jowar crop last year. The crop failed after deficient rains. But Kumar was covered—or so he thought. Earlier this year, he received Rs1,600 (Rs800 per acre) as compensation—33% less...
More »Industry, not farm loans, responsible for majority of NPAs: report -Beena Parmar
-MoneyControl.com As per data from 2011 to 2016, the agriculture loan NPAs stood between 4-6 percent while the industry NPAs have consistently increased sharply from nearly 3 percent to 12 percent in 2016. Despite criticism on farm loan waivers, a data study shows that the increase in non-performing assets (NPAs) is contributed more by the industry than the agriculture sector. According to a study report by Anand Rathi, in terms of contribution to...
More »Government Allows Co-Operative Banks To Deposit Old Notes With RBI -Abhishek Vasudev
-NDTV Profit The relaxation comes against the backdrop of reports that many district co-operative banks did not have enough cash to disburse to farmers. The Finance Ministry on Tuesday allowed banks, post offices and district central cooperative banks to deposit the scrapped Rs. 500 and 1,000 rupee notes with the Reserve Bank of India within 30 days and exchange the value of notes deposit with the new notes. In an official notification...
More »In This Year's IIT Class, Kids Of Farmers And Labourers: Telangana's Super 100, Almost -Uma Sudhir
-NDTV Telangana government had coached children from underprivileged backgrounds, who were students of free government schools. Now they will go to IIT and NIT. Hyderabad: Marginal farmers, labourers, orphans, Dalits and tribals - nearly a hundred children from very underprivileged backgrounds have made Telangana proud this year. With special coaching from free government schools, 27 of them have cracked the entrance examination for the prestigious Indian Institutes of Technology. The other...
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