-The Times of India VIJAYAWADA: The farm credit disbursal system in the state remains crippled for a long time now as a majority of tenant farmers, who constitute about 80 per cent of the cultivators in the state, are unable to avail of the loan facility. Experts say the latest recommendations by the bankers' sub-committees also do not reflect the reality. In fact, they fear the recommendations will only aggravate the...
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Why Rains Do Not End Drought And What The Government Needs To Do Urgently -Betwa Sharma
-Huffington Post NEW DELHI: It is still not certain whether the monsoons will be as "good" this year as early forecasts suggest, but at least the rains are here and are making their way across India, bringing long-awaited and direly needed succor to millions in 13 drought-ravaged states. It comes as a massive relief that people in the worst-hit areas will have water to drink and so will their animals who...
More »Maharashtra: Doubts loom over bank loans, may hit over three lakh farmers -Partha Sarathi Biswas
-The Indian Express The Maharashtra Gramin Bank has written to the district collectors of eight districts expressing inability to disburse crop loans for the upcoming kharif season. Mumbai: The prediction of a good monsoon may not be enough to bring cheers to farmers of Marathwada, as questions are being raised over disbursement of crop loans in the region. The Maharashtra Gramin Bank has written to the district collectors of eight districts...
More »Limited outreach of subsidised crop loan scheme among small & marginal farmers
The budgetary support to interest subvention scheme has increased by almost 14 times between 2006-07 and 2016-17. However, the much-touted subsidised short-term credit scheme provides little help to the small and marginal farmers, apart from tenant farmers. According to the Committee on Medium-term Path on Financial Inclusion, which submitted its report in December 2015, the interest subvention scheme suffers from 3 types of defects: i. Subsidised credit may not be...
More »Counterproductive Farm Policies -PSM Rao
-Outlook In the last two decades, more than 300,000 farmers have ended their lives. What can be done? Indian agriculture is important as it feeds an estimated 1.3 billion population of the country and is also burdened with the responsibility of providing livelihoods to 60 per cent of the people — 780 million people. No foreign country can produce this mammoth quantity of food and supply to India nor any sector...
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