-TheWire.in Millions of agricultural labourers are currently under stress due to the ongoing lockdown which has led to a loss in income, loss of jobs for migrant labour and a disruption in the supply chain. Following the stress on the agricultural sector by the COVID-19 related lockdown, the central Government has announced medium to long term relief measures as part of an economic package. However, the package has fallen short on immediate...
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Most small farmers outside formal credit system. Sitharaman’s announcements won’t help them -Shoumitro Chatterjee and Mekhala Krishnamurthy
-ThePrint.in An RBI report says that despite numerous existing initiatives, at most 40 per cent of India’s small and marginal farmers are covered by formal credit. There is no doubt that agricultural credit is a critical element of both agricultural production and marketing across India. However, during a period of acute crisis, the government needs to bank on channels that are relatively robust and far-reaching. Unfortunately, especially when it comes to small...
More »Government outlays plan for credit boost to agriculture sector -Shayan Ghosh
-Livemint.com As announced by finance minister Nirmala Sitharaman, 25 million farmers who do not have a Kisan Credit Card will now be able to avail concessional credit The government on Thursday decided to boost the flow of credit to the agriculture by attempting to bring more farmers under the Kisan Credit Card (KCC) scheme and through an additional outlay for Farm Loan refinance. As announced by finance minister Nirmala Sitharaman, 25 million farmers...
More »Lockdown led to massive job losses, show early results of an ongoing telephonic survey
Preliminary results of an ongoing study by the Centre for Sustainable Employment of Azim Premji University (APU) indicate that the lockdown has had a devastating impact on the livelihood security of the working people. The survey is currently being conducted across the country by the Centre for Sustainable Employment along with civil society organisations. Impact on livelihoods Analysis of preliminary data collected through telephonic interviews between 13th April, 2020 and 9th May, 2020...
More »Corona has pushed Bharat to the brink -Sayantan Bera
-Livemint.com * A prolonged lockdown will hurt farmers about to harvest the winter crop and the landless living on daily wages * Continued disruption in the food supply chain will eventually hit consumers if prices vary widely across regions. This uncertainty has also hit 70 mn households in rural India who own small dairies NEW DELHI: Baburao Sanap has no clue how to pull himself out of a big mess —he’s saddled with...
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