-Business Standard Govt should revamp agricultural marketing to increase farmers' earnings and amend land-leasing laws Finance Minister Arun Jaitley has met farm sector representatives for pre-Budget consultations at a time Indian agriculture is passing through a bad patch - especially because of two years of consecutive drought. Predictably, therefore, most participants pitched for more credit on soft terms, higher minimum support prices (MSP) for crops and the expansion of irrigation facilities to...
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Direct cash transfers in agriculture gain ground -Sanjeeb Mukherjee
-Business Standard In November, the government decides to transfer Rs 4.5 a quintal production incentive to bank accounts of sugarcane farmers Two months ago, the Centre after much deliberation decided to transfer Rs 4.50 a quintal directly into the bank accounts of sugarcane growers. The government called this a production incentive, but it is seen by many as an attempt to kill several birds with one stone. An incentive directly transferred into the...
More »Liberalised land leasing through government Land Bank can ease exit of distressed farmers -Kanchan Srivastava
-DNA The report said it will ease the exit of those farmers who find farming unattractive or non-viable and economically strengthen those farmers who want to stay and raise the scale of operational holdings. Opening farmland for 'liberalised leasing' through government-run 'Land Banks' can be a 'win-win reform' in the Indian farm sector, stated the latest report of the National Institution for Transforming India (NITI) Aayog taskforce on agricultural development. The report...
More »On top of drought-hit Jharkhand farmers’ mind: how to stay credit-worthy -Sanjoy Dey and Subhash Mishra
-Hindustan Times Ranchi: Jaidev Mahto, 65, mortgaged 2.5 acres of land to repay a bank loan of Rs 25,000. A resident of Bardaha village in Dhanbad district, Mahato had taken the loan against his Kisan Credit Card (KCC) for Kharif crops that were damaged completely due to scarcity of rainfall this year. Hemant Singh, 50, a farmer of Pyraguri village in East Singhbhum district, took a KCC loan of Rs 28,000 for...
More »Rural Distress: Back-to-back drought adds to the woes -Sahil Makkar, Sanjeeb Mukherjee & Nirmalya Behera
-Business Standard The well-irrigated states of Punjab, Haryana, Karnataka, western Uttar Pradesh and coastal states such as Odisha are, for the first time, feeling the effects of a poor monsoon Bhopal/ New Delhi/ Bhubaneshwar: Farmers are faced with a multitude of problems. Cotton and basmati rice growers in Punjab and sugarcane farmers in west UP are under stress due to the non-payment of insurance and state compensation. Growers in Odisha, Madhya Pradesh,...
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