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Pradhan Mantri Fasal Bima Yojana -- a good scheme with flawed implementation, says CSE's latest report

-Centre for Science and Environment New Delhi: Centre for Science and Environment (CSE) released here today the first detailed independent evaluation and analysis of the Pradhan Mantri Fasal Bima Yojana (PMFBY) – government’s flagship national agricultural insurance programme. Across the world, agriculture insurance is recognised as an important part of the safety net for farmers to deal with the impacts of extreme and unseasonal weather due to climate change. Releasing the report...

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Think beyond loan waivers -Ramesh Chand & SK Srivastava

-The Hindu Strengthening the repayment capacity of farmers by improving and stabilising their income is the only way to keep them out of distress Indian agriculture is characterised by low scale and low productivity. About 85% of the operational landholdings in the country are below 5 acres and 67% farm households survive on an average landholding of one acre. More than half of the area under cultivation does not have access to...

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Wait ahead for farmers for loan waiver -Piyush Srivastava

-The Telegraph Lucknow: Implementation of the crop loan waiver that Yogi Adityanath's government had announced on April 4 faces a fresh threat of delay, this time because of poor Internet connectivity in the border regions. Adityanath had on Friday asked district administrations to collect the loan data from the banks and upload them on their websites by July 31 and then start handing out the waiver certificates. But hundreds of bank branches have...

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Small Farmers of Latur, of 'Water Train' Infamy, Doubt New Loan-Waiver Scheme Will Help -Nidhi Jamwal

-TheWire.in The Maharashtra government’s Rs 34,000-crore farm loan waiver may not provide much relief to small and marginal farmers in Marathwada, who are caught in the debt trap of private moneylenders. Latur: Venkat Balbim Bhise, a farmer who owns three acres of land in Bisewagholi village, in Maharashtra’s Latur district, is in his early thirties. But anger bordering on fatalism is writ large over his weary face. Venkat owes almost Rs 3.5...

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Farmers need remunerative prices, not debt waiver, to end rural distress -TK Arun

-The Economic Times Farmers are agitated. Loan waivers have not stemmed protests or farmer suicides. This is a multidimensional problem and also a huge political opportunity for parties that can think constructively. Waiving loans is bad policy. It adds to the fiscal stress of states, straining under the electricity utility debt they have taken over. The states would undo the Centre’s hard-wrought fiscal discipline, scaring rating agencies. Waived loans bring little benefit to...

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