-MoneyControl.com As per data from 2011 to 2016, the agriculture loan NPAs stood between 4-6 percent while the industry NPAs have consistently increased sharply from nearly 3 percent to 12 percent in 2016. Despite criticism on farm loan waivers, a data study shows that the increase in non-performing assets (NPAs) is contributed more by the industry than the agriculture sector. According to a study report by Anand Rathi, in terms of contribution to...
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A farm crisis is slowly brewing in Assam - and farmers are staging protests to draw attention to it -Arunabh Saikia
-Scroll.in Farmers complain they do not have any support from the state in terms of irrigation or price guarantees for their cash crops. On the morning of June 17, there was an uproar outside the office of Thaneswar Malakar, the deputy commissioner of Assam’s Barpeta district. Some 50-odd rice farmers, under the banner of the farmers’ organisation Krishak Mukti Sangram Samiti, shouted slogans and demanded to meet Malakar. The farmers were agitated...
More »How farm loan waivers can actually benefit the economy -Charan Singh
-The Financial Express The fastest-growing major economy of the world cannot ignore its farmers as there is a genuine need to help the farming sector which is suffering from stress on account of indebtedness. The banking industry is also not able to extend credit to those farmers who are in default. A loan waiver can help bankers to renew the loans, and farmers can use the borrowed Money for production of...
More »Farm loan waiver may give Karnataka farmers easier access to credit -
-Livemint.com Burden of farm loans has driven many Karnataka farmers into the clutches of Moneylenders, who at times charge even by the hour Bengaluru: Naveen Kumar, 40, a small farmer in Hassan district, Karnataka, paid Rs.2,400 as premium (Rs.1,200 per acre) to insure his jowar crop last year. The crop failed after deficient rains. But Kumar was covered—or so he thought. Earlier this year, he received Rs1,600 (Rs800 per acre) as compensation—33% less...
More »Marathwada farmers face bleak sowing season -Atul Deulgaonkar
-VillageSquare.in Although the Maharashtra government has announced a loan waiver, deeply indebted farmers of Marathwada still do not know how they will get the Money to buy farm inputs this sowing season ahead of the monsoon Latur (Maharastra): Barma Mind of Gangapur village in Latur district is a small farmer with 4.5 acres of land. He had taken a loan of Rs 54000 from an agriculture cooperative society in April 2015. Much...
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