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Loan recovery agents allegedly crush Dalit farmer under tractor in UP's Sitapur - Rajesh Kumar Singh

-Hindustan Times Gyan Chandra, 45, of Bhauri village in Sitapur had taken a loan of Rs 5 lakh from a finance firm in 2015 to purchase a tractor. Loan recovery agents allegedly crushed a Dalit farmer under a tractor in Sitapur on Saturday when he failed to deposit an arrear of the loan he had taken from a finance company, police quoted the victim’s brother as saying. Assistant superintendent of police (ASP), Sitapur,...

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Probe for loan torment -Jaideep Hardikar

-The Telegraph Nagpur: A special investigation team will probe the alleged harassment of poor women borrowers in Maharashtra by Loan recovery agents of micro-finance institutions, the state government announced today after month-long street protests and an Assembly debate. Junior home minister Deepak Kesarkar assured an agitated Assembly that the state was considering a law similar to one Andhra Pradesh had enacted in 2011 to regulate the MFIs' lending and loan recovery practices. About...

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Agrarian distress: Farmer suicides and the collapse of cooperative credit institutions -Partha Sarathi Biswas

-The Indian Express The incidence of farmers taking their own lives is higher in regions where cooperative banks are the weakest. Nanded (Maharashtra): The verdant soyabean fields at Digras today are a far cry from the barren landscape they presented only a few months ago. But for residents of this village in Ardhapur taluka of Nanded district, the memories of drought in three out of the last four years will not fade...

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Punjab’s sorrow -Sukhpal Singh

-Frontline A noteworthy study that provides much-needed insights into the nature and severity of the farm crisis in Punjab. There have been many studies on agrarian distress and farmer suicides in different parts of India in the last decade, including in Punjab. Most of the studies focus on a profile of the victims, mostly landowning farmers, and reasons thereof, with a sample of such farmers. In this context, this book makes a...

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Reaping distress -Jayati Ghosh

-Frontline The inability to resolve pressing problems with respect to the production, distribution and availability of food is one of the important failures of the entire economic reform process. IN the fateful month of July 1991, when the devaluation of the Indian rupee presaged the introduction of a whole series of liberalising economic reforms, agriculture was very far from the minds of most policymakers and commentators. The immediate focus was on...

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