-Livemint.com The RBI norms towards targeted marginal lending for the small farmer is a structural solution to aid them—unlike bailout packages, which provide only short-term relief In its latest overhaul of priority sector lending rules, the central bank has stipulated that lenders should funnel at least 8% of their credit to small and Marginal Farmers. While the overall agriculture loan growth has galloped over the past decade, the chart shows why...
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Challenge of agrarian distress
-The Hindu Everything else can wait but agriculture cannot, said Jawaharlal Nehru. This should have been the talisman for India’s progress. Yet, successive governments have failed to accord agriculture the priority it deserves. The tragic suicide of a farmer during an Aam Aadmi Party rally in New Delhi has brought to the fore the agrarian crisis facing India. Official records reveal that more than 2.96 lakh farmers have ended their lives...
More »Land, development and democracy -Mihir Shah
-The Hindu India cannot continue with a pattern of industry that yields so few jobs but has such a large ecological footprint. Neither can it be excited by the urban nightmares that its cities are today. The land law debate must be the occasion to talk about these key national agendas The current debate on the land law is important because it affords us a chance to reflect more deeply on the...
More »More Credit for Agricultural Households?: NSSO’s 70th Round on Indebtedness -Sher Singh Sangwan
-Economic and Political Weekly An increase in indebtedness in agriculture between 2003 and 2013 does not necessarily mean a growth in debt that has debilitated the cultivator. Higher indebtedness may also reflect a more enabling process--the increased availability of institutional credit. An analysis of NSSO data. Sher Singh Sangwan (drsangwan8@gmail.com) is at the Centre for Research in Rural and Industrial Development, Chandigarh. The National Sample Survey Office (NSSO) report, Situation Assessment of Agricultural...
More »Rebooting the rural jobs scheme -Himanshu
-Livemint.com At a time when rural economy is badly in need of stimulus, the least the govt can do is increase spending on MGNREGA It is now officially acknowledged that the rural economy is heading for a distress situation. As if the fall in crop prices was not sufficient, the situation of farmers in India has been compounded by the vagaries of the monsoon with less than normal rainfall last year...
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