-Deccan Herald Behind all the ostentation, glitz and glamour of the recently concluded mega ‘Progressive Agriculture Summit' in Punjab lies the harsh reality of farmer suicides and the burgeoning agrarian crisis that this border state reels under. A state government commissioned study conducted by three prominent universities in Punjab lay bare the magnitude of the crisis. On an average estimate, three persons committed suicide every two days in last one decade in...
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After Farmers Commit Suicide, Debts Fall on Families in India -Ellen Barry
-The New York Times BOLLIKUNTA, India - Latha Reddy Musukula was making tea on a recent morning when she spotted the money lenders walking down the dirt path toward her house. They came in a phalanx of 15 men, by her estimate. She knew their faces, because they had walked down the path before. After each visit, her husband, a farmer named Veera Reddy, sank deeper into silence, frozen by some terror...
More »Agricultural Debt Waiver and Debt Relief Scheme (ADWDRS), 2008
-Press Information Bureau (Ministry of Finance) Loan waiver to farmers was provided by the Central Government under Agricultural Debt Waiver and Debt Relief Scheme (ADWDRS), 2008. Under the scheme, direct agricultural loans disbursed by Scheduled Commercial Banks, Local Area Banks, Cooperative Credit Institutions and Regional Rural Banks between 1st April, 1997 to 31st March, 2007 to farmers, which were overdue as on 31st December, 2007 and remained unpaid upto 29th February, 2008...
More »Farm credit increased -Gargi Parsai
-The Hindu Interest subvention retained, rice storage exempt from service tax Lauding the "stellar performance" of the agriculture sector, Union Finance Minister P. Chidambaram on Monday announced a farm growth of 4.6 per cent in the current year, up from 3.1 per cent achieved during UPA-I. He said the government set an agriculture credit target of Rs. 8 lakh crore for 2014-15, against Rs.7.35 lakh crore expected this year. The interest subvention scheme for...
More »Spending on subsidies surged, education and health lagged during 10 years of UPA -Sidhartha
-The Times of India NEW DELHI: When finance minister P Chidambaram presents his first interim budget on Monday, he is expected to devote a significant chunk of his speech - which may be between 12 and 18 pages - to UPA government's spending on social sector schemes, especially health, education and rural development. But what is probably going to slip through is the fact that these sectors actually witnessed a comparatively...
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