-The Indian Express All crop loans should be routed through Kisan Credit Cards. This will ensure that farmers do not use the loans for non-agricultural purposes. Normally, a sector’s credit off-take is a sign of its health. Higher the off-take, the better the sector’s performance. There has been a healthy off-take of ground-level credit (GLC) in agriculture and allied sectors. In the financial year (FY) 2018-19, banks disbursed Rs 12.55 trillion...
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Crop insurance flaws fuel farm distress -Sayantan Bera
-Livemint.com * At a time when rural incomes are sliding, the only existing safety net for the farmer is failing * High costs of reinsurance due to erratic weather, a spike in claims, political interference in crop loss estimation are reasons that forced some insurers to leave the business NEW DELHI: Santosh Kumar’s first brush with insurance left a bitter aftertaste. A farmer’s son, 26-year-old Kumar from Bihar’s Araria district felt betrayed when...
More »In 5 months, 40,000 Kerala farmers seek loan waiver -Shaju Philip
-The Indian Express In Idukki and Wayanad districts, where the situation is more severe, the loans availed up to August 31, 2018, are being considered by the commission for debt relief and in other districts it is March 31, 2014. Thiruvananthapuram: Around 40,000 marginal farmers in Kerala have approached the State Agricultural Debt Relief Commission in the last five months, seeking a waiver of loans they have taken from cooperative banks,...
More »NCRB data on farmers' suicides is out with key omission -- reasons -Deeptiman Tiwary
-The Indian Express The data shows that Maharashtra accounted for almost 40 per cent of all farmer suicides in the country in 2016. Karnataka (1,212) was second on the list but still recorded 50 per cent less farmers’ suicides than Maharashtra. After withholding data on incidents of lynchings, the National Crime Records Bureau (NCRB) has released figures on farmers’ suicides but with a key element from the previous edition missing this...
More »Celebrating Diwali during a downturn -Sayantan Bera
-Livemint.com * A field report from the agriculturally prosperous heartland reveals a lacklustre festival of lights * Delay in Farm Loan waivers has worsened farmers’ credit score. So, financiers are unwilling to advance new loans to them for buying farm equipment SRI GANGANAGAR: "How are you going to celebrate Diwali?" My question gets Roopa Ram, an elderly farmer, so amused that he thinks it’s important to do some explaining to a reporter from...
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