-HuffingtonPost Blog Almost all discussions on agriculture begin and end with concerns about the plight of the farmer, the margins of the intermediary, and the ineffectiveness of government policy to address the real issues of those engaged in agriculture. It is easy to blame the government, whether it's the dispensation at the state, Centre or both. Moreover, both are also perfectly capable of blaming each other, even if they are on...
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Too poor to qualify for loans -Mehboob Jeelani
-The Hindu Banks continue denying loans to low-income groups, insisting on sticking to a standard EMI route even though they are dealing with a complex social issue. In July 2012, Pradeep Kumar, a 36-year-old resident of Ladpur, a shanty town that sits on the north-western periphery of Delhi, applied for an employment loan at the magistrate’s office in Kanjawala district. Under the Pradhan Mantri Rozgar Yojana or PMRY — a funding policy...
More »Super rich defaulters push Indian banks towards collapse
-DNA What is worse is that just the top 30 cases of default account for a Rs 1.21 lakh crore, which is almost 40% of the Non Performing Assets (NPAs) in banks. The upper middle class, who usually takes loans of over Rs 1 crore, accounts for 33% of the total NPAs. It's not the poor farmers or the middle class who are defaulting on their loans. It's the country's super rich,...
More »Who cares for the small farmer? -PSM Rao
-The Hindu Business Line Not the RBI, going by the revised priority sector lending norms, which will further reduce credit to the marginalised Prime Minister Narendra Modi has often expressed his sense of anguish at the plight of farmers. In a recent statement in the Lok Sabha, he noted that the agriculture community’s problems were “old, deep-rooted and widespread”, and stated that farmers cannot be left to fend for themselves. Implicit in that...
More »Green No More -NK Bhoopesh
-Tehelka In these times of agrarian distress, NK Bhoopesh revisits the ‘revolution’ that changed Indian agriculture The growing number of farmer suicides across the country has punched holes in the dominant narrative of India’s rise as a global economic power articulated ad nauseum by big business, mainstream politicians and the corporate media. It has also put a question mark on another familiar tale: that the green revolution introduced in the 1960s was...
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