The Finance Ministry has launched a concessional loan scheme for farmers to prevent distress sale of agricultural produce. Farmers who park their produce at warehouses will be able to avail short-term post harvest loan at 7% as against the prevailing rate of 11%-12%. Farmers making timely payment of the loans will further enjoy 3% interest subvention, bringing the real interest rate to 4%, according to the finance ministry directive. This will benefit...

-The Hindu The government on Monday proposed the setting up of a parliamentary panel to go into the issue of farmer suicides in the wake of contradictory figures emerging from the States and the Union Home Ministry's National Crime Records Bureau. The suggestion came after the government was cornered in the Rajya Sabha, during the reply to the debate on the agrarian crisis, leading to two quick adjournments and a walkout by...

-ANI The statistics for farmer suicides in India are as striking as they are shameful. One farmer suicide every 30 minutes in 2009, screamed a NYU School of Law report earlier this year. If one accepts that many suicides also go unreported, even this shocking statistics is perhaps an under-estimation. Why, then, would another three suicides, this time in Madhya Pradesh's Hoshangabad District, be newsworthy? For one, the suicides took place during the...

A survey to identify the country’s poor looks set to miss its December 2011 deadline since it has not even started in 20-odd states, including Bengal. The “socio-economic caste census” is being conducted by the rural development ministry, urban housing and poverty alleviation ministry, and the registrar-general of India. One reason that a rural development ministry official cited for the delay is Bharat Electronics Limited’s failure to supply enough low-cost tablet computers...

At BANCON (annual bankers' conference) 2011 in Chennai, financial institutions explored avenues for greater participation in agriculture and rural development. There are a few areas in need of additional attention and investment. Green Revolution technologies are scale-neutral but not resource-neutral. Inputs are needed for output; therefore market-purchased inputs become important in providing soil and plant healthcare for higher yields. Social scientists point out that small and marginal farmers will be excluded...