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Price crash pushes Sericulture farmers towards suicide -Vishwanath Kulkarni

-The Hindu Business Line Raw silk duty cut triggers sharp fall Bengaluru: Unable to deal with mounting debts amidst diminishing returns from his three-acre farm, Siddaramu, a Sericulture farmer in his mid-fifties at Abburdoddi near Channapatna, committed suicide recently in his silkworm rearing house. The trigger for this unfortunate incident was the crash in silk cocoon prices and the issuance of recovery notice by the bank, says Chandramma, his wife. Other crops too failed Siddaramu,...

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How loan sharks pull poor farmers into a debt trap -Naheed Ataulla & Anand J

-The Times of India As crops fail, banks don't deliver and the government falters, Mandya's farmers find themselves at the mercy of unscrupulous moneylenders Chenne Gowda has a Rs. 4 lakh albatross around his neck. The 55-year-old sugarcane farmer from Chikka maralli village in Pan davapura taluk, Mandya district, took the loan from private moneylenders but has no idea how he'll repay. His crop, on two acres, is wilting in the field...

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The Centre asks Bankers to Restructure Crop Loans and Insurance

-Press Information Bureau/ Ministry of Agriculture The Central Government has asked State Level Bankers' Committees to facilitate timely restructuring of crop loans. With restructuring, the loan repayment period would be extended. The Home Ministry has also written to states to keep 10% of SDRF fund reserved for "local disasters" such as heavy rain which are to be declared at par with national disasters and use this money for distressed farmers. This...

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Rural reach -Amita Sharma

-Financial Chronicle From the inner recesses of Chattisgarh to the upper crevices of Sikkim, a look at how MGNREGA initiatives are changing lives The large blackboard outside the police station reads like a rate list. There are different monetary awards for Naxalites' surrender with different weaponry, the highest, Rs 4.5 lakh, for surrender with a light machine gun, Rs 3 lakh with an AK 47, and only Rs 30,000 with a 12...

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An uncertain Hobbesian life -Feroze Varun Gandhi

-The Hindu India's small farmers have been struggling for centuries now and they need social and governmental action to change their future Of India's 121 million agricultural holdings, 99 million are with small and marginal farmers, with a land share of just 44 per cent and a farmer population share of 87 per cent. With multiple cropping prevalent, such farmers account for 70 per cent of all vegetables and 52 per cent...

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