-Scroll.in Recent farm loan waivers and income support schemes have had little impact amid growing agrarian distress. In January, farmers across the state of Punjab took to the roads in protest. In 12 districts of the state, they were protesting against banks that filed cases against loan defaulting farmers. Also part of their demands from the government was compensation of Rs 10 lakh each for families of farmers that had committed suicides,...
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Is farmer income support a sustainable solution? -Sanjiv Phansalkar
-VillageSquare.in Income support to smallholder farmers is similar to palliative measures like minimum support prices or loan waivers that do not address the problem of an unsustainable population living on a fixed resource base The government in the budget for this year has announced an allocation of Rs 75,000 crore for direct income transfer of Rs 6,000 annually for every farmer who owns less than 2 hectares of land. This amount...
More »In Rajasthan, 10 lakh farmers identified for loans in next crop cycle -Mohammed Iqbal
-The Hindu The farm loans will be disbursed in two stages during the next crop cycle of kharif season from April 1 to August 31 and rabi season from September 1 to March 31 Jaipur: The Congress government in Rajasthan has identified a whopping 10 lakh farmers for grant of loans through cooperative banks during the next crop cycle, amid allegations by the Opposition BJP that its "populist measure" of farm-loan waiver...
More »How bankruptcy code can help fix India's agrarian crisis -Aishwarya Satija
-The Economic Times The IBC’s ‘fresh start’ process provides a systematic manner of waiving debts overseen by a judicial body. Historically, farm loan waivers have been used as a quick-fix solution to agrarian distress in India. Commonly used by political parties before elections, they have a long history at both central & state levels. However, the efficiency of waivers in actually resolving the debt burden of farmers is questionable. Waivers may work as...
More »PM Fasal Bima Yojana is suffering from low coverage since the last 2 years
The budgetary allocation for Pradhan Mantri Fasal Bima Yojana (PMFBY) as a proportion of total budgetary expenditure has been reduced marginally during the Interim Budget 2019-20. It may have happened because the coverage of gross cropped area under the scheme could not keep pace with the target that was set during the last two years. The Status of Implementation of Budget Announcements 2017-18, which was presented during the Union Budget 2018-19,...
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