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Banks Finally Give ‘Debt Relief’ to AP Government

-The New Indian Express   HYDERABAD: In a much-awaited relief to the cash-starved Andhra Pradesh government, the State Level Bankers' Committee (SLBC) on Tuesday reportedly agreed to accept its offer of upfront payment of 20 per cent outstanding crop loans of eligible farmers. The SLBC has constituted a sub-committee to look into proposals made by the Andhra Pradesh government on the modalities of crop loan waiver scheme and after a thorough discussion, finally...

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Farmers rue delay in cash deposit in banks

-Deccan Chronicle Hyderabad: The undue delay in remitting the first installment of loan waiver amount to banks by the Telangana state government has resulted in farmers across the state losing crop insurance benefit for the ongoing kharif season. Reports from Telangana districts confirm that the government did not remit the amount that was promised by it to banks by September 30, the last day for the banks to make adjustments of...

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Grim tales of agrarian distress -R Avadhani

-The Hindu Sangareddy (Telengana): As many as 44 farmers have committed suicides in the last few months in Medak district after taking loans from private financiers Rachaboyina Balagoud was 55 years and belonged to Mylaram village in Wargal mandal. He had about one-and-a-half acres of land. He took loans to the tune of Rs. 12 lakh from various sources, including banks, and a private financer. He had sunk as many as 12...

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Govt wants fodder and khoya mandis deregulated

-The Times of India NEW DELHI: After deregulating vegetables last month, Delhi government has now proposed to deregulate khoya and fodder mandis. Both wholesale markets have been suffering losses for the past several years and officials said, with rapid urbanization of Delhi, there is no large-scale farming or dairy activity within the city to sustain them. The wholesale fodder market is located in Mangolpuri's Tikri Kalam area. V P Rao, special secretary...

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Finance to 5 Lakh Joint Farming Groups of "Bhoomi Heen Kisan" through Nabard in the Current Financial Year

-Capital Market 14 Crore Soil Health Cards to be Issued in Three Years; Credit Support of Rs. 8 Lakh Crore to Agriculture During 2014-15 Targeted "Finance to 5 lakh joint farming groups of Bhoomi Heen Kisan through NABARD in the current financial year", said Shri Radha Mohan Singh, Agriculture Minister, while inaugurating the National Rabi Conference. Minister said that, a very large number of landless farmers are unable to provide land title...

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