-The Business Standard Say waiver will vitiate the loan recovery environment Bankers have requested the Union finance ministry to convince the Andhra Pradesh government to drop its proposed farm loan waiver scheme, at a time when a rise in loans turning bad is eroding the profitability of lenders, especially state-run ones. Telugu Desam Party chief Chandrababu Naidu, who is to take the oath of office as chief minister of Andhra Pradesh on Monday,...
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Cloud burst pushes farmers back to square one-Giji K Raman
-The Hindu MARAYUR (IDUKKI, Kerala): Raja is a traditional farmer in Kanthallur village who makes a living out of vegetable cultivation in his three-acre land. Disaster struck him on Monday in the form of cloud burst. Seeds of cabbage, carrot, garlic and beans were washed away and the land on which he and his wife toiled to sow the seeds after the summer rain was turned in a slush of accumulated garbage. Raja...
More »100,000 Maharashtra farmers may not get loan to sow kharif crop -Aparna Pallavi
-Down to Earth Reserve Bank of India refuses to bail out three district cooperative banks Kharif sowing season is close at hand, but around 100,000 farmers of Nagpur, Wardha and Buldhana districts in Maharashtra are unlikely to get agricultural loan or hailstorm relief from the District Central Cooperative Banks (DCCBs) because the Reserve Bank of India (RBI) has rejected banking applications of these banks. Worse, fixed deposits worth Rs 1,716 crore belonging...
More »101 suicides in two months; is Marathwada the new Vidarbha? -Aparna Pallavi
-Down to Earth Most suicides among orchard farmers, say observers As many as 101 farmers have committed suicide in the Marathwada region of Maharashtra since the devastating hailstorms in March this year. This sudden spurt of suicides has raised concerns as to whether this arid region is heading for an agrarian crisis similar to that of Vidarbha. A whopping 71 suicides have been reported in the month of March 2014, close on the...
More »Hedging farming
-The Business Standard Badly structured insurance leaves Indian farmers exposed Ever since its inception in the early 1970s, agricultural insurance has defied all attempts to make it farmer-friendly and economically viable. Over half a dozen different models for farm risk management have been tried out, but with little success. The systems currently used - the National Agricultural Insurance Scheme (NAIS) and the Modified NAIS (MNAIS) - were objected to by the Insurance...
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