Recent events in south Asia have led to an unexpected reversal in the narrative of microfinance, long presented as a development success. Despite charges of poor treatment of clients, exaggeration of the impact on the poorest as well as the risks of credit bubbles, the sector can play a non-negligible role in reaching financial services to low-income households. In regulating the sector, there is need for caution in setting interest...

Safar Ali Mollah, 18, a paddy farmer, committed suicide by drinking pesticide at Kalitikuri village under Bhatar police station area on Friday night. Only three days ago, Bhabani Porel (45), paddy farmer of Chanduli village under Burdwan Sadar Police Station area committed suicide by hanging from a tree. Safar was unable to sell paddy crop at the Minimum Support Price (MSP) stipulated by the state government which landed him in a...

-The Hindu   Two cotton farmers, one of them a primitive tribesman, committed suicide in Adilabad district on Thursday owing to failure of crop this season. According to the police, K. Bheem Rao, a 42-year-old Kolam farmer from Sadalpur in Bela mandal, consumed poison in his field on Wednesday night perturbed over failure of the crop in his four acres of land. He is reported to have incurred a debt of Rs. 1 lakh. He...

The spurt in farm credit by commercial banks, including regional rural banks, has interestingly not led to any let-up in distress in the agrarian economy -- a mystery that continues to baffle academics, policy planners and, more recently, bankers Last week, a clutch of bankers and policy wonks gathered in Bangalore to review recent trends in farm credit. On the face of it, credit to the farm sector is on an...

While the Maharashtra government must be relieved that Swabhimani Shetkari Sanghatana leader and Kolhapur MP Raju Shetty ended his five-day fast in Baramati on Saturday, after it agreed to a sugarcane procurement price hike, many wonder why the same state ignores the plight of its cotton farmers. In the same duration that Shetty sat on a fast 22 debt-ridden, Vidarbha cotton farmers committed suicide. One of these, Rajendra Lahiti of Dhamangaon,...