-Economic and Political Weekly A survey to identify who the poor are and how many are actually poor is necessary if programmes and benefits targeted at the needy are to reach them. The Socio Economic Caste Census, of which partial results have been published, was intended to do this. Yet, even a cursory look at the figures indicates that they call for a willing suspension of disbelief. N C Saxena (naresh.saxena@gmail.com) was...
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A subsidy and some questions
-The Hindu The Central government’s decision this week to extend the interest subvention scheme on bank loans given to land-owning farmers at 7 per cent is essentially a welcome move. This is especially so in a context where there is no real clarity on how the current monsoon will turn out to be, running at a deficit of 7 per cent as it does currently. With an additional subvention component of...
More »Properly used, Jan Dhan Yojna could lessen farmers' suicides
-Hindustan Times For a country that is set to be ranked among the world’s top five economies over the next decade, India cannot afford to be counted as a home for impoverished farmers who are ending their lives because they do not have the money to return loans as small as Rs 10,000. According to the National Crime Records Bureau (NCRB) data, 5,650 farmers committed suicide in India last year. Bankruptcy and...
More »Monsoons and markets -Ashok Gulati
-The Indian Express These are the root causes of agricultural distress. Farmers need better irrigation and access to markets. Speaking at the foundation day celebrations of the National Bank for Agriculture and Rural Development (Nabard) on July 12, Union Finance Minister Arun Jaitley said that there were reasons to smile on the economic front as India remains a bright spot, despite the global slowdown. He talked about the 7-8 per cent...
More »Petty cultivators & agricultural labourers worst victims of farm suicide
There is a class angle to farmers' suicide in India. Close to three-quarter of farmers who committed suicide in 2014 were small and marginal farmers. ‘Bankruptcy or indebtedness’ accounted for one-fifth of total farmers’ suicide during 2014. The report entitled Accidental Deaths & Suicides in India 2014 by the National Crime Records Bureau of Ministry of Home Affairs clarifies the doubt that indebtedness and bankruptcy were major causes of farmers' suicide,...
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