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Decoding Karnataka debt trap: Rise of a new breed of private moneylenders -Sowmya Aji

-The Economic Times MANDYA: A new breed of moneylenders has pushed farmers of moneyed Mandya district in Karnataka into an endless debt trap, leading to mounting suicides, even as the institutionalised credit system has failed them. The system is so well entrenched that the borrowers themselves are taking steps to protect the moneylenders from a government crackdown on the practice. Farmers — big, small and marginal — have taken loans from private...

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India’s suicide problem -Shamika Ravi

-The Indian Express Response to the crisis of farmer suicides is narrowly focused. Poor health accounts for most suicides, necessitating improved access to healthcare rather than special packages For over a decade, farmer suicides in India has been a serious public policy concern. More recently, this has led to a shrill media outcry and much politicking. The government response to the crisis of farmer suicide has mostly been simplistic and sometimes aggravating....

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1 in 3 farmer suicides in Vidarbha over Rs 10,000 debt: Study -Kunal Purohit

-Hindustan Times Mumbai: Just how much debt does it take for a farmer in the Vidarbha region of Maharashtra to take the extreme step of killing himself? The shocking findings of a new study reveal it could be as little as Rs 10,000. Days after fresh data from the National Crime Record Bureau (NCRB) revealed that Maharashtra has the highest number of suicides by distressed farmers among all states, a new analysis...

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Monsoons and markets -Ashok Gulati

-The Indian Express These are the root causes of agricultural distress. Farmers need better irrigation and access to markets. Speaking at the foundation day celebrations of the National Bank for Agriculture and Rural Development (Nabard) on July 12, Union Finance Minister Arun Jaitley said that there were reasons to smile on the economic front as India remains a bright spot, despite the global slowdown. He talked about the 7-8 per cent...

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Maharashtra sees 1,300 suicides by farmers in only 6 months this year -Priyanka Kakodkar

-The Times of India MUMBAI: As the farm crisis rocks the state assembly, there is no escaping the fact that the despair in Maharashtra's countryside is only deepening. The farmer suicide count in the six-month span from January to June this year stood at 1,300 cases, the state's revenue department figures show. So in just six months this year, the farmer suicide toll has already touched 66% of the 1,981 cases recorded...

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