-The Economic Times Small and marginal farmers who constitute more than 80% of total farmer households in the country face exclusion from formal financial channels," says the Nair Committee on priority sector lending. The same report says "commercial banks have been prescribed targets since late 1960s for priority sector lending".  The banking system failed the farmers and the needy despite nationalisation, but is there a viable model that could help the millions...

'Erratic rainfall and rising input costs forcing farmers to migrate' “Unable to clear a loan of Rs 2 lakh, my son committed suicide. I had to sell my ancestral house and cattle to repay the loan,” says Lakshmi Devi, 48, of Pathakotha Cheruvu village in Andhra Pradesh’s Anantapur district. Devi's woes did not end with the repayment of loan. Managing her farm is becoming increasingly difficult, partly because it is expensive,...

Days after Prime Minister Manmohan Singh spoke of the role of foreign-funded NGOs in instigating protests against genetic engineering in agriculture, Rural Development Minister Jairam Ramesh has asserted that his controversial decision to put the release of genetically-modified brinjal on indefinite hold in 2010 was not influenced by any NGO.   As the then environment minister, Jairam had blocked the commercial release of Bt brinjal, citing a lack of scientific consensus and...

Bt cotton has doubled the seed industry and boosted the fortunes of seed firms. But yields still need to improve In the last 10 years, Bacillus thuringiensis (Bt) cotton and its impact on farmers has perhaps been the most talked about topic in Indian agriculture since the ‘Green Revolution’ of the 1960s and 1970s. Not only has farmers’ income from growing Bt cotton risen by almost 67 per cent in the...

Maharashtra sounds clarion call on hybrid crop liability Competition is tough in the seed market, which may explain why marketing gimmicks are often used to woo farmers. It’s tougher still for the farmers to get compensation when the claims fail and they are saddled with a bad or damaged crop. Sometimes the state government steps in to offer compensation or the farmers turn to the consumer court for relief. Typically, of...