-The Pioneer In yet another demonstration of commitment to its inclusive agriculture growth agenda, the Government of Odisha has announced the BALARAM Yojana to provide crop loans worth more than Rs 1,000 crore to the landless sharecroppers through joint liability groups (JLGs) in the next two years. Lauded as one of the most inclusive income support/cash transfer schemes in the country, KALIA was announced in 2019 to help the small and marginal...
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All about Odisha’s new credit scheme for 7 lakh landless farmers, a ‘first’ in India -Samyak Pandey
-ThePrint.in Under the ‘Balaram’ scheme, the Odisha government will provide credit worth Rs 1,040 crore to 7 lakh landless farmers in the next two years. New Delhi: The Odisha government has launched a scheme to provide agricultural credit to landless farmers across the state. This is the ‘first’ such targeted scheme for landless farmers in India. Under the ‘Balaram’ scheme the Naveen Patnaik government announced Thursday, Odisha will provide agriculture credit worth Rs...
More »Need new stimulus of Rs.10 lakh crore: Economists Collective
-The Hindu Economists urge cash transfers to 80% of households to revive economy. The Centre needs to announce a ₹10 lakh crore fiscal stimulus package providing universal food ration and cash transfers for 80% of households in order to revive the economy at this time, the Heterodox Economists Collective has urged. Employment guarantees must be expanded for both rural and urban workers at a time of soaring joblessness, the group of economists...
More »Is the Agricultural Package Addressing Challenges Small Farmers Face in a Pandemic? -Gurpreet Singh and Rajeev Sharma
-TheWire.in The stimulus package has not made clear whether or how small farmers will really benefit. As agricultural activities are in full swing due to ongoing rabi harvest and forthcoming kharif sowing, the continuing lockdown in India is pushing small farmers further to the margins. While various governments (both Central and states) have announced relaxations for agricultural activities and support for farmers, impact of the lockdown can be seen in terms of...
More »Most small farmers outside formal credit system. Sitharaman’s announcements won’t help them -Shoumitro Chatterjee and Mekhala Krishnamurthy
-ThePrint.in An RBI report says that despite numerous existing initiatives, at most 40 per cent of India’s small and marginal farmers are covered by formal credit. There is no doubt that agricultural credit is a critical element of both agricultural production and marketing across India. However, during a period of acute crisis, the government needs to bank on channels that are relatively robust and far-reaching. Unfortunately, especially when it comes to small...
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