-The Hindu Business Line FPOs are for the small producer, typically left out by schemes and sops. They need not just inputs but marketing support Agriculture provides livelihoods to millions of small landholders in India. A few government initiatives to support farmers — such as increased MSP, interest subsidies, free electricity, and loan waivers — reach a limited percentage of farmers and, hence, have a limited impact. The Telangana Government’s decision to provide...
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Karnataka may weed out 7 lakh farm loans from waiver scheme -Sharath S Srivatsa
-The Hindu In case of loan in both cooperative and commercial banks, the former qualifies for waiver Bengaluru: The intensive de-duplication work to identity farmers eligible for loan waiver is expected to identify at least 7 lakh people who have loans in both cooperative sector and commercial banks, resulting in saving of at least Rs.6,000 crore to the State exchequer. A farmer will be eligible for loan waiver from one of the...
More »P Sainath, acclaimed journalist and Founder-Editor of the People's Archive of Rural India, interviewed by Anuradha SenGupta (News18.com)
-News18.com Acclaimed journalist and Founder-Editor of the People’s Archive of Rural India, P Sainath attributes the existential crisis confronting India’s agrarian society to macro-economic policies set in motion 25 years ago. Talking to Anuradha SenGupta, Sainath makes a case for state intervention in agriculture and says the Modi government, with its shifting positions and policies like demonetisation has only aggravated the assault on agrarian livelihoods. Dismissing the buzz about imminent new initiatives...
More »'Farm Loan Waivers against economic principles'
-PTI About Rs. 1.47 lakh crore of agricultural loans are outstanding in Madhya Pradesh, Rajasthan and Chhattisgarh Asian Development Bank (ADB) Country Director Kenichi Yokoyama Friday said Farm Loan Waivers were against economic principles and cannot effectively address the agrarian distress. Yokoyama also advocated for direct transfer of funds to targeted beneficiaries as it would cut down leakages. On Farm Loan Waiver, he said most of the people are sceptical about it as an...
More »MSP was not 1.5 times the cost of production for most kharif crops during the last 6 agricultural years
In its 2014 election manifesto, the Bharatiya Janata Party (BJP), among other things, promised to "take steps to enhance the profitability in agriculture, by ensuring a minimum of 50% profits over the cost of production". In his 2018-19 Union budget speech too, the Finance Minister Shri Arun Jaitley informed the Parliament that the 2014 election manifesto of the BJP had stated that the farmers should get at least 1.5 times the...
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