-Hindustan Times Ranchi: Jaidev Mahto, 65, mortgaged 2.5 acres of land to repay a bank loan of Rs 25,000. A resident of Bardaha village in Dhanbad district, Mahato had taken the loan against his Kisan Credit Card (KCC) for Kharif crops that were damaged completely due to scarcity of rainfall this year. Hemant Singh, 50, a farmer of Pyraguri village in East Singhbhum district, took a KCC loan of Rs 28,000 for...
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UP’s Bundelkhand staring at a famine-like situation: survey -Sayantan Bera
-Livemint.com The main focus of the survey was to find out if the drought and adverse weather over the past few years is turning into a famine New Delhi: Even as half of India is reeling under a second consecutive drought year, a survey of the chronically drought-striken Bundelkhand region of Uttar Pradesh has unearthed grim details of crop loss, disputes over water, starvation, and deaths due to hunger and malnutrition. The...
More »The pulse of the matter -Amit Mohan Prasad
-The Indian Express Farmers tend to lose out irrespective of whether crop prices go up or down. Government needs to rectify this. The price of tur/ arhar dal had recently skyrocketed to Rs 200 per kg and the consumer as well as the government were at their wits’ end. Not very long ago, high onion prices were making everyone shed copious tears. In both the cases, there was profit maximisation by...
More »Lower-cost crop cover on cards
-The Financial Express A new crop insurance scheme the Modi government is set to roll out shortly seeks to cap the premium paid by farmers at about 3% of the insured value. A new crop insurance scheme the Modi government is set to roll out shortly seeks to cap the premium paid by farmers at about 3% of the insured value, cover a substantial part of the country’s farmland and crop output...
More »Why higher govt spending is crucial to contain rural distress
-FirstPost.com Even as the Narendra Modi government has been making claims that India’s rural economy has gained pace under his rule, empirical evidence suggests that the health of country’s rural economy may not have improved much on account of declining or stagnant income levels. The situation, experts say, is unlikely to change in the near future as there are low chances of a revival in rural income generation. A survey by brokerage...
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