-Deccan Chronicle Hyderabad: Nearly 91 per cent of farmers in AP are debt-ridden. Unable to repay their debts to private moneylenders, farmers sometimes commit suicide, state Agriculture department statistics. This was informed to the AP Assembly too in the recent Budget Session by minister for agriculture P. Pulla Rao. Most of these farmers are tenants who number nearly 25 lakh. Of them, only 1.4 lakh get loans from banks. Nationalised banks, in...
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Farming is not a political game -Jaideep A Prabhu
-The Hindu Given the high investment and negative incentives such as input subsidies, small farmers have not benefited from government schemes. Everything about the suicide of the farmer from Dausa, Gajendra Singh, save the tragedy for his family, has been theatre — the very public venue, the occasion of a political rally, the politicians happily playing their populist cards, and the media’s focus on trivialities. The tragedy is being skilfully milked for...
More »Revisiting rural indebtedness - CP Chandrasekhar
-Frontline The problem in rural India is not one of too much credit to poor households that leads to debt waivers that damage bank balance sheets, but one of inadequate access to credit from formal sources. IF Reserve Bank of India Governor Raghuram Rajan is to be believed, efforts to help Indian farmers by providing them with cheap(er) credit and relieving them of an unsustainable debt burden only harms them in the...
More »The RBI Governor’s Unwarranted Remarks -Prabhat Patnaik
-Macroscan.com Dr. Rajan's criticism of the debt-waiver scheme for farmers underscores the fact that 'social banking" gets progressively eliminated in the era of neo-liberalism. Please click here to read more. * This article was originally published in the People's Democracy, Vol. XXXIX No. 01, January 04, 2015. ...
More »Small and marginal farmers in distress -R Ramakumar and Aparajita Bakshi
-The Hans India It is official now. New data released by the National Sample Survey Organisation (NSSO) for 2013 show that the agrarian distress in rural India is continuing, and even intensifying for small and marginal farmers. In the last decade, there has been much talk on inclusive growth, revival of growth rates in agriculture, higher public investment in agriculture and the doubling of agricultural credit. Yet, the new data show...
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