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The mystery of the boom in farm credit by Anil Padmanabhan

The spurt in farm credit by commercial banks, including regional rural banks, has interestingly not led to any let-up in distress in the agrarian economy -- a mystery that continues to baffle academics, policy planners and, more recently, bankers Last week, a clutch of bankers and policy wonks gathered in Bangalore to review recent trends in farm credit. On the face of it, credit to the farm sector is on an...

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A story of farmers on holiday

-Live Mint   In an unprecedented move, farmers in East Godavari and adjoining districts of Andhra Pradesh declared a crop holiday last season, refusing to cultivate paddy in this fully irrigated region of the state. Farmers say the reason for this drastic step is that cultivating paddy has become unremunerative and they are left with no other choice. The agrarian crisis and its neglect by successive governments are responsible for the low...

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For rich or for poor? by Ashok Kotwal, Milind Murugkar and Bharat Ramaswami

'Food subsidy is a massive burden…if so much is spent on subsidies, what is left for development?' agriculture minister Sharad Pawar recently asked. It is a legitimate question that is on the minds of many but seldom gets asked for fear of appearing callous. Are we prematurely trying to be a welfare State? In the developed world, safety nets like food stamps are regarded as humanitarian obligations toward the poor....

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ICAR proposes 100 more Krishi Vigyan Kendras for larger districts in 12th Plan

-The Pioneer   With an aim to bring about the second green revolution through adoption of effective scientific agricultural methods, the Indian Council of Agricultural Research (ICAR) under Agriculture Ministry has proposed 100 more Krishi Vigyan Kendras (KVK) across the country in the 12th Plan. In a proposal sent to the apex planning body, Planning Commission, ICAR has said that in big districts, one KVK is not effective as farmers have to travel...

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Putting Growth In Its Place by Jean Dreze and Amartya Sen

It has to be but a means to development, not an end in itself Is India doing marvellously well, or is it failing terribly? Depending on whom you speak to, you could pick up either of those answers with some frequency. One story, very popular among a minority but a large enough group—of Indians who are doing very well (and among the media that cater largely to them)—runs something like...

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