-The Hindu Business Line It is vital to cover the important and vulnerable section of tenant farmers with credit and insurance Tenant farmers rarely get bank credit. They don’t get any subsidies. Money lenders thrive on them because their loans cannot be waived. They also account for 80 per cent of farmers’ suicides in the country. With farmers taking to the streets to highlight their issues these problems should be addressed. State level...

-Frontline.in Interview with Aruna Roy. ARUNA ROY is a well-known social and political activist. A former Indian Administrative Service officer, she resigned from the IAS in 1975 and has since worked with the most oppressed in society. Aruna Roy’s observation on government service is indicative of her future concerns: “Everyone calls it an elite service; I always felt the discourse should be a bit better than what it was. I was shocked...

-The Indian Express Data collated from the Reserve Bank of India over the last five years shows that growth in credit outstanding for the priority sector has traditionally been rising at a much faster rate than the growth in gross bank credit An uptick in the economy is clear from the improvement in gross bank credit availability but unlike in the past, lending to the priority sector continues to trail, posting single-digit...

-The Indian Express Farmers getting lower prices for their produce, much lower than the minimum support prices announced by the government for the kharif crops this year, has hit the rural consumption demand story. New Delhi: The consumption-driven story of India’s economic growth is expected to face a slowdown as wide concerns emerge about the weakening rural demand. At a time when public expenditure is likely to be curtailed by the obligation...

-Financial Express Farm loan waivers—of more than Rs 850 billion in FY18 and FY19, announced by various state governments—are the flavour of the season. This can affect credit offtake and induce further stress for banks and amount to another agrarian crisis. Farm sector NPAs accounted for 16% of banks’ advances under the priority sector lending in October 2018. Post the early waiver-announcements, Credit Growth in agriculture and allied activities has been...