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Clear bank dues when loans are waived: NABARD to states -Sidhartha

-The Times of India NEW DELHI: Amid a flurry of Farm Loan Waivers, financial institution Nabard has written to states advising them to ensure that dues of banks that actually write-off the loan are immediately cleared to ensure that the credit cycle is not broken. The move follows the experience of several lenders in Andhra Pradesh and Tamil Nadu, where the dues have remained pending although they had written off the loans...

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Now, Odisha and Jharkhand governments announce sops for farmers

-PTI NEW DELHI: The Odisha and the Jharkhand governments on Friday joined the list of states doling out sops for farmers after the Congress scripted wins in three states riding on the promise of Farm Loan Waiver. While Odisha chief minister Naveen Patnaik announced the Rs 10,000-crore scheme for the overall development of farmers in the state, Jharkhand chief minister Raghubar Das declared the Rs 2,250-crore scheme to help 22.76 lakh medium...

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Elections 2019: India Shining 2.0 surfaces in Rural India -Sayantan Bera

-Livemint.com With barely a few months to go for 2019 Lok Sabha elections, the question across political party lines is: what can really be done now, and quickly? New Delhi: When residents gather around the fire on foggy winter evenings in Rampura, a village in Uttar Pradesh’s Bareilly district, the conversation often veers toward the declining fortunes in agriculture. Take 27-year-old Pushpendra Singh, who completed his master’s degree in commerce in 2016,...

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Open season for Farm Loan Waivers

-The Telegraph In the long term, the only real solution to rural distress is to shift labour to more productive segments of the economy It has turned into an open season for Farm Loan Waivers. Less than a week after assuming office, Congress governments in Rajasthan, Madhya Pradesh and Chhattisgarh have announced the waiver of crop loans up to two lakh rupees per farmer. The Congress president, Rahul Gandhi, has thrown down...

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The political economy of the persistent agrarian crisis -Himanshu

-Livemint.com Loan waivers and the promise to raise MSP cannot solve the problem The victory of Congress party in the recent assembly elections of Chhattisgarh, Madhya Pradesh and Rajasthan has brought the agrarian crisis in rural areas to the centre of political debate. While there are several factors in election victories, the severity of the agrarian unrest was surely a major factor. While there is consensus that the incumbent Bharatiya Janata Party...

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