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More cases of 'wilful' default on bank loans by farmers

-Reuters SUPALI: Two years ago, Vilas Yelmar took out a 200,000 rupee ($3,610) bank loan to develop a small grape orchard in a dusty hamlet southeast of Mumbai. The bank has repeatedly asked for the loan to be repaid, but Yelmar, whose annual income has risen to 2 million rupees, has spent the money on a new sport utility vehicle and a lavish family wedding. He is one of an increasing number...

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How barefoot lawyers bring food security to India's tribals & landless families

-Reuters KHAMMAM (India): It was a deal struck almost 40 years ago by a poor, illiterate Indian farmer, driven by desperation after a drought wiped out his crops and left his family close to starvation. The agreement: 10 acres of land, the size of four soccer pitches, for a mere 10 kg (22 lbs) of sorghum grains. "My father-in-law pawned the land for food," said Kowasalya Thati, lifting the hem of...

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Mamata's blackmailing tactics: Centre ought to resist it

-The Economic Times   On Saturday, Bengal chief minister Mamata Banerjee told New Delhi that it had 15 days to announce a debt-relief package for the state. She did not specify what would happen after the deadline, but said that her patience was wearing thin.  The Centre cannot give in to such blackmail. Banerjee doesn't have to bother about the huge risk that this demand creates. The Centre has few powers to write...

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Banks asked to roll out new farm loan products-Dinesh Unnikrishnan

The finance ministry has asked public sector banks to devise products for Indian farmers to ensure they get adequate funding in emergencies. The government, the majority owner of such banks, wants them to roll out products such as emergency loans to farmers that will be linked to savings accounts, a weather index-based insurance product, and set up a credit guarantee fund that will aid farmers in the event of crop losses...

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The Khamam way by Devinder Sharma

Indian agriculture can be transformed into a healthy and vibrant system, where farmers’ suicides are relegated to history. As we enter 2010, the script for a futuristic agriculture which brings back the smile on the face of the Indian farmer, without leaving any scar on the environment, is being rewritten. What began as a small initiative some six years back in a non-descript village in Khamam district, has now spread to over...

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