-The Indian Express Why assembly election verdicts should occasion a rethink on Loan waivers, MSP raises The results of the elections to state assemblies should be a humbling experience for the BJP. Political pundits have started analysing the verdict, since the reasons for the BJP’s defeat have important implications for the parliamentary election of 2019. One factor that is being flagged by analysts is farm distress. Farmers across the country are not...
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No farm Loan waiver: Centre
-The Hindu Write-offs encourage defaulters, affect credit culture, Union Minister of State for Agriculture Parshottam Rupala tells Lok Sabha. On a day when the BJP’s loss in three State elections was partly attributed to rural distress and the Congress’s promise to waive farm loans, the government told the Lok Sabha that it was not considering any Loan waiver scheme as it would affect the credit culture, incentivise defaulters, create a moral hazard...
More »Constituency Of Farmers -Ajay Vir Jakhar
-The Indian Express Assembly election results show that deceiving farmers comes with a price Frustration on the farms has reached an inflexion point. All of Prime Minister Narendra Modi’s promises could actually go against him. To gauge if the farmers’ anger can become a potent political force in 2019, it is important to understand the “farmer’s identity”. Identities rarely exist in neat silos, and that is true of the farmer as...
More »No signs yet for escape from cycle of farm distress
-The New Indian Express The consecutive droughts, with intermittent floods, have shown the impact that climate change can have on the lives of farmers. BENGALURU: Farmers in the state are preparing for one more round of showdown with the state government, even as Chief Minister H D Kumaraswamy made a beginning to deliver on his promise of farm Loan waiver by launching the distribution of ‘Debt-free certificates.’ Though the programme has raised...
More »Why small, marginal farmers get just 40% of total agri credit -Rajalakshmi Nirmal
-The Hindu Business Line Loan waivers have made banks wary of them; beneficiaries are farm infra/services firms Every year the Centre announces an increase in the agri credit limit, but not even half of this reaches small farmers. Small farmers typically take small loans — of less than Rs. 2 lakh. RBI data show that in FY17, the share of loans of Rs. 2 lakh or less was just 40 per cent of...
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