-NDTV Lenders have loosened purse strings, but some sectors are monopolising bank loans. Hence the clamour for more credit Credit flow to industry, or the lack of it, has been a bone of contention between the Centre and the Reserve Bank of India (RBI). While RBI and its supporters assert that bank lending is now growing at a brisk pace, the government and industry lobbies insist that the credit taps remain shut....
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Kamal Nath waives farm loans up to Rs. 2 lakh after assuming office as MP Chief Minister
-PTI Congress had promised during the poll campaign that if it wins, it would implement farmers’ loan waiver within 10 days of coming to power. Bhopal: Loans up to Rs. 2 lakh of Madhya Pradesh farmers will be waived, with Kamal Nath on Monday signing a file to this effect soon after he was sworn in as the State’s 18th Chief Minister on December 17. After Mr. Nath signed the file, Principal Secretary...
More »No farm loan waiver: Centre
-The Hindu Write-offs encourage defaulters, affect credit culture, Union Minister of State for Agriculture Parshottam Rupala tells Lok Sabha. On a day when the BJP’s loss in three State elections was partly attributed to rural distress and the Congress’s promise to waive farm loans, the government told the Lok Sabha that it was not considering any loan waiver scheme as it would affect the credit culture, incentivise defaulters, create a moral hazard...
More »Why small, marginal farmers get just 40% of total agri credit -Rajalakshmi Nirmal
-The Hindu Business Line Loan waivers have made banks wary of them; beneficiaries are farm infra/services firms Every year the Centre announces an increase in the agri credit limit, but not even half of this reaches small farmers. Small farmers typically take small loans — of less than Rs. 2 lakh. RBI data show that in FY17, the share of loans of Rs. 2 lakh or less was just 40 per cent of...
More »Ready for discussions with farmers, says BJP Kisan Morcha
-The Hindu 'Will take up their genuine demands with govt.’ The BJP’s Kisan Morcha has invited farmers’ groups across the country for a dialogue on rural distress after several marches and agitations by them in the last year or so, with Morcha chief Virendra Singh Mast conceding that loan waivers were a “temporary solution” to what ails the farm sector. At a press conference in New Delhi, Mr. Mast said: “I had invited...
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