-The Hindu Business Line RBI Deputy Governor says such loans support economic activity, generate income & surplus Mumbai: Given the overexposure of the banking system to large corporates and the consequences thereof in the last few years, Reserve Bank of India Deputy Governor SS Mundra said lending to priority sector is good business for all the right and justifiable reasons. “The excessive lending to corporate sector was the outcome of what I call...

-VillageSquare.in Given the complex and varied situations in rural India, the results of the direct benefit transfer method are so far mixed at best and debilitating at worst, as seen in the subsidies for farm equipment and fertilizers Direct benefit transfer (DBT), a system through which government programs transfer funds directly to bank accounts of beneficiaries, is hailed as a major intervention that is expected to cut a whole lot of misdirection...

-The Indian Express First, it was demonetisation and crop price crash; now it is the collapse of cooperative credit that is hurting farmers during peak kharif operations. For most Maharashtra farmers, drying up of institutional finance for kharif farming operations is what’s really hurting. Nashik (Maharashtra): Last kharif, the Nashik District Central Cooperative Bank (NDCCB) disbursed  Rs 1,608.55 crore of crop loans during April-June, exceeding its target of Rs 1,257.18 crore. This...

-IndiaSpend.org   The failing economics of such farms–agricultural households in the south are most indebted–are exacerbated by additional loans that families take to meet health issues, leaving them with diminished ability to invest in farming. Nearly 70% of India’s 90 million agricultural households spend more than they earn on average each month, pushing them towards debt, which is now the primary reason in more than half of all suicides by farmers nationwide,...

-AsianAge.com Now farmers have started to awaken the nation to the farming crisis with strikes in Maharashtra and Madhya Pradesh. Indian civilisation is based on gratitude to our farmers and all beings who contribute to our food — annadata sukhibhava. Our traditional belief is “Uttam-kheti, madhyam-vyapar, neech-naukri”. The combination of the Green Revolution in Punjab imposed in the 1960s and the corporate globalisation “reforms” started in the 1990s have created policies for annadata...