-DNA Most of Europe avoided the fate of India, because of a very strict feudal law — that of following primogeniture, a system of inheritance by the firstborn (usually the first born son). Karnataka — preceded by UP, Punjab and Maharashtra — is the fourth state to have waived off loans taken by farmers. However, this is not going to be the end of the matter. You are likely to...
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Loan waiver alone not the panacea for Maharashtra farmers' woes: Experts -Rahul Wadke
-The Hindu Business Line High inputs costs, low price for produce and water scarcity are major challenges Mumbai: Despite the Rs. 34,000 crore farm-loan waiver in Maharashtra, farmers’ lives are unlikely to change for the better as they will continue to be up against familiar problems such as high input costs, low prices for their produce, and scant water availability, say farm sector experts. They are of the opinion that the core issues...
More »Maharashtra's farm loan waivers to aid Vidarbha, Marathwada farmers more -Abhiram Ghadyalpatil
-Livemint.com Maharashtra’s capping of farm loan waiver will benefit farmers of drought-prone regions more than those in prosperous western, northern areas Mumbai: By capping the farm loan waiver at Rs1.5 lakh per farmer regardless of land holding, the Maharashtra government has ensured that farmers in the critically affected Marathwada and Vidarbha stand to gain more than those in the prosperous western and northern regions. Farm activists and at least one member of the...
More »Farmer suicides: 70% of India's farm families spend more than they earn -Devanik Saha
-IndiaSpend.org The failing economics of such farms–agricultural households in the south are most indebted–are exacerbated by additional loans that families take to meet health issues, leaving them with diminished ability to invest in farming. Nearly 70% of India’s 90 million agricultural households spend more than they earn on average each month, pushing them towards debt, which is now the primary reason in more than half of all suicides by farmers nationwide,...
More »Rs 34,000cr loan waiver
-PTI/ The Telegraph Mumbai: The BJP-led Maharashtra government today unveiled a Rs 34,020-crore farm loan waiver scheme, under which debt of up to Rs 1.5 lakh each will be written off, making 40 lakh farmers debt-free and providing relief to 49 lakh others. Chief minister Devendra Fadnavis said this was the "biggest" loan waiver scheme in the country. He said all BJP ministers and legislators would contribute a month's salary towards the...
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