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Rabi wheat procurement on support price from Mar 15

-The Pioneer The mega exercise of wheat procurement from farmers on support price will get underway from March 15 in Madhya Pradesh. Till May 20, about 65 lakh metric tonne of wheat will be purchased from farmers in 67 days at the rate of about one lakh metric tonne per day. Under the scheme, e-procurement system has been adopted for the first time in the State in order to prevent any irregularity...

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Gotcha! Three sins of loan recovery

-The Telegraph Bengal’s co-operation department spent the better part of Tuesday on an unusual mission: how to enforce Mamata Banerjee’s very chief ministerial order to nail those who tried to recover money lent by a co-operative bank. “I have asked to lodge an FIR,” Mamata had declared yesterday while ordering the withdrawal of attachment notices on two farmers and announcing that the law will be changed to make government approval mandatory before...

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Change in default law to shield farmer land

-The Telegraph   Chief minister Mamata Banerjee has ordered an amendment to a state law to prevent rural co-operative banks from attaching the land of loan-defaulter farmers without government approval. The directive was issued after Mamata came across two posters by a co-operative bank controlled by Trinamul Congress leaders, which sought to auction the land of farmers who have not repaid loans. “I am assuring my brothers that nobody will go to confiscate your...

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CM’s farm-before-factory fence

-The Telegraph Chief minister Mamata Banerjee has sought to address stirrings of disenchantment by using the run-up to the Nandigram firing anniversary to reassure her core constituency that she would not budge from her known positions on land and industry. The chief minister emphatically asserted that her government would not endorse special economic zone (SEZ) status for the Infosys project in Rajarhat. She stuck to her stand that land ceiling would not...

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Small farmers still excluded from formal financial channels

-The Economic Times Small and marginal farmers who constitute more than 80% of total farmer households in the country face exclusion from formal financial channels," says the Nair Committee on priority sector lending. The same report says "commercial banks have been prescribed targets since late 1960s for priority sector lending".  The banking system failed the farmers and the needy despite nationalisation, but is there a viable model that could help the millions...

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