-The Hindu Providing access to credit likely to be a hard step For Prime Minister Narendra Modi's newly launched Jan Dhan Yojana to be successful, India needs to provide over 100 million households access to banks, data show. An even harder step, however, is likely to be access to credit. As of March 2012, the most recent year for which relevant Reserve Bank of India (RBI) statistics are available, India had over 900...
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Cradle. Now, grave -Soumik Dey
-The Week Manorama Online Broken hearts float down the Bhakra Main Line canal. Broken by the endless struggle with the land, with the weather, with the creditor. Broken by broken promises, broken by the honour they lost, broken enough to kill themselves. And, at the sluice gate at Khanauri village they slow down, looking up with unseeing eyes. And, from the bridge across the canal, the beating hearts they broke look...
More »98% households in villages under debt: Study -Sarbjit Dhaliwal
-The Tribune Chandigarh: One of the main reasons for a large number of suicides in the agriculture sector is debt. It is an established fact that Punjab farmers turn to non-institutional sources of credit despite a large network of banks in the state. At least 52.77 per cent rural households in the state are dependent on non-institutional sources for loans, says Dr Satish Verma, Professor, Reserve Bank of India Chair, CRRID. He...
More »Officials blame farmer suicides on poor rains -Zia Haq & Pradip Kumar Maitra
-The Hindustan Times Suicides by farmers in Telangana and pockets of Maharashtra since the start of a poor monsoon season are threatening to reach alarming levels, as authorities weigh options to handle a long-standing problem. In Telangana, over 100 farmers have committed suicide so far, according to some accounts, which officials were yet to verify. In Maharashtra, 72 suicides have been reported since June. "There have been some suicides. We are ascertaining the...
More »100,000 Maharashtra farmers may not get loan to sow kharif crop -Aparna Pallavi
-Down to Earth Reserve Bank of India refuses to bail out three district cooperative banks Kharif sowing season is close at hand, but around 100,000 farmers of Nagpur, Wardha and Buldhana districts in Maharashtra are unlikely to get agricultural loan or hailstorm relief from the District Central Cooperative Banks (DCCBs) because the Reserve Bank of India (RBI) has rejected banking applications of these banks. Worse, fixed deposits worth Rs 1,716 crore belonging...
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