-The Indian Express The failure of populist rural credit schemes stems primarily from poor understanding of farm indebtedness in the first place. From the 1970s, a lot of private investment in tube-well irrigation, farm mechanisation and allied agricultural activities took place with bank credit support. After the establishment of National Bank for Agriculture and Rural Development (NABARD) in 1982, institutional credit flows not only accelerated, but also exhibited diversification to fund livestock...
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Think beyond loan waivers -Ramesh Chand & SK Srivastava
-The Hindu Strengthening the repayment capacity of farmers by improving and stabilising their income is the only way to keep them out of distress Indian agriculture is characterised by low scale and low productivity. About 85% of the operational landholdings in the country are below 5 acres and 67% farm households survive on an average landholding of one acre. More than half of the area under cultivation does not have access to...
More »Yogi govt marks Rs 36,000 crore in budget for crop loan waiver -Maulshree Seth
-The Indian Express Having discontinued funds for some welfare and freebie schemes launched by his predecessor, the chief minister claimed that his government was able to make provisions for the loan waiver by cutting down on “shashan ki fizulkharchi” (extravagant expenses of the government). Lucknow: The Yogi Adityanath government in Uttar Pradesh Tuesday presented its maiden Budget worth Rs 3,84,659 crore, 11 per cent more than the one presented by the previous...
More »MGNREGA wages less than minimum farm wages in 15 states: Panel -Shalini Nair
-The Indian Express As per data being examined by the committee, the minimum wages paid to agricultural workers are significantly higher than MGNREGA wages in Karnataka, Punjab, Jharkhand, Uttarakhand, West Bengal, Mizoram, and Andaman and the Nicobar Islands. THE COMMITTEE for revision of wages paid under the Mahatma Gandhi National Rural Employment Generation Act (MGNREGA) has found that minimum agricultural wages are higher than MGNREGA wages in 15 states. An upward revision...
More »Why Mumbai, India's most productive city, is losing the battle against child malnutrition -Swagata Yadavar
-IndiaSpend/ Hindustan Times Mumbai’s high malnutrition figures are despite the fact that 83% of government and aided schools in Mumbai city and 95.1% in its suburbs have a midday meal programme. Mumbai’s Colaba is well known for its art deco buildings, the Gateway of India, swish pubs and restaurants, and the pleasant promenade of Marine Drive. It houses the state assembly, Vidhan Bhavan, and the state secretariat, Mantralaya. However, this high-profile ward recorded...
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