-Deccan Chronicle Hyderabad: The undue delay in remitting the first installment of loan waiver amount to Banks by the Telangana state government has resulted in farmers across the state losing crop insurance benefit for the ongoing kharif season. Reports from Telangana districts confirm that the government did not remit the amount that was promised by it to Banks by September 30, the last day for the Banks to make adjustments of...
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Banks Finally Give ‘Debt Relief’ to AP Government
-The New Indian Express HYDERABAD: In a much-awaited relief to the cash-starved Andhra Pradesh government, the State Level Bankers' Committee (SLBC) on Tuesday reportedly agreed to accept its offer of upfront payment of 20 per cent outstanding crop loans of eligible farmers. The SLBC has constituted a sub-committee to look into proposals made by the Andhra Pradesh government on the modalities of crop loan waiver scheme and after a thorough discussion, finally...
More »Grim tales of agrarian distress -R Avadhani
-The Hindu Sangareddy (Telengana): As many as 44 farmers have committed suicides in the last few months in Medak district after taking loans from private financiers Rachaboyina Balagoud was 55 years and belonged to Mylaram village in Wargal mandal. He had about one-and-a-half acres of land. He took loans to the tune of Rs. 12 lakh from various sources, including Banks, and a private financer. He had sunk as many as 12...
More »Tribal hamlet to market organic ragi -Giji K Raman
-The Hindu Group cultivation brings cheer to tribespeople of Thayannankudy KATTAPPANA (Kerala): Ragi, locally known as ‘keppa,' has a traditional link with the food habits of tribespeople, especially the Muthuvans. When its cultivation was taken up under the livelihood programme of the tribespeople of Thayannankudy in the remote forest settlement of the Chinnar Wildlife Sanctuary, it turned out to be a huge group activity. The ragi field on 17 hectares of land will be...
More »For Jan Dhan, Banks to lend Rs 1.65 lakh cr via overdraft -George Mathew
-The Indian Express The government is aiming to lend Rs 165,000 crore to the poor and unbanked population through the overdraft facility at an interest rate of 11 per cent under its ongoing Jan Dhan financial inclusion programme. "It is estimated that there are 18.2 crore basic banking accounts and. by the end of the campaign another 15 crore accounts would get added. An overdraft of Rs 5,000 in each of these...
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