-PTI/ The Telegraph Mumbai: The BJP-led Maharashtra government today unveiled a Rs 34,020-crore farm loan waiver scheme, under which debt of up to Rs 1.5 lakh each will be written off, making 40 lakh farmers debt-free and providing relief to 49 lakh others. Chief minister Devendra Fadnavis said this was the "biggest" loan waiver scheme in the country. He said all BJP ministers and legislators would contribute a month's salary towards the...
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Industry, not farm loans, responsible for majority of NPAs: report -Beena Parmar
-MoneyControl.com As per data from 2011 to 2016, the agriculture loan NPAs stood between 4-6 percent while the industry NPAs have consistently increased sharply from nearly 3 percent to 12 percent in 2016. Despite criticism on farm loan waivers, a data study shows that the increase in non-performing assets (NPAs) is contributed more by the industry than the agriculture sector. According to a study report by Anand Rathi, in terms of contribution to...
More »Crop insurance and the agrarian crisis in India -Sobhesh Kumar Agarwalla and Samir K Barua
-Livemint.com Crop insurance has failed to provide much-needed relief to farmers from destitution With one farmer committing suicide every half-an-hour, the number of farmers who have ended their lives as per official records in India is estimated at over 300,000 over the past two decades. These numbers do not include suicides by agricultural labourers, though they too are victims of the agrarian crisis. As each death affects at least the immediate family...
More »India Owes a Debt to Its Farmers -Yogendra Yadav
-TheWire.in The Indian farmer is not just a poor, helpless victim who deserves a waiver because he cannot pay. The root cause of the debt trap is that his income has not increased with rising expenditure due to state policies. As Punjab joins the list of states to declare farm loan waivers, the political scales are now heavily tilted in favour of this idea. The government of Telangana, followed by Andhra Pradesh,...
More »Punjab waives crop loan of up to Rs 2 lakh for small farmers -Gurpreet Singh Nibber
-Hindustan Times The government plans to cover 10.25 lakh farmers in its waiver scheme, and simple calculation says it involves Rs 20,500 crore. The state has 18 lakh farmers. Of the total, therefore, 56% farmers would be covered. Chandigarh: Punjab chief minister Captain Amarinder Singh on Monday announced crop loan waiver of up to Rs 2 lakh for farmers who own up to 5 acres of agriculture land and a flat relief...
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