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A double-edge sword for farmers -- Loan waivers shrink credit supply to the farm sector -Kushankur Dey

-Financial Express Farm loan waivers—of more than Rs 850 billion in FY18 and FY19, announced by various state governments—are the flavour of the season. This can affect credit offtake and induce further stress for banks and amount to another agrarian crisis. Farm sector NPAs accounted for 16% of banks’ advances under the priority sector lending in October 2018. Post the early waiver-announcements, credit growth in agriculture and allied activities has been...

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Ahead of 2019 polls, Centre readies big farm relief plan -Surojit Gupta

-The Times of India NEW DELHI: The Centre is working on a plan to provide relief to farmers and is weighing options on a direct benefit transfer scheme for the distressed sector modelled on the Telangana system. Several rounds of discussions have been held and the view emerging within the government favours a limited direct benefit transfer scheme to help Small and Marginal Farmers meet expenses for seeds, fertilisers, pesticides and labour. Sources...

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The safety net of the future -Pranab Bardhan

-The Indian Express Insecurity, more than poverty or indebtedness, is the key economic issue that politicians must address If social inequality is the most acutely felt social problem in India, insecurity, more than poverty, is the most acutely felt economic problem. While most measures suggest that only around one-fifth of the population today is under the official poverty line, large sections of those even much above that line are subject to...

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Kerala's alternative to farm loan waivers has lessons for India -Nidheesh MK

-Livemint.com Thanks to the debt relief commission, 11,354 Kerala farmers have benefited from a disbursement of over ?11 crore, and there are no farmer suicides in the state Ernakulam/ Bengaluru: Back in 2006, Kerala came face to face with an explosive situation. Ironically in a state dominated by Communist politicians, farming was dominated by export-oriented cash crops such as rubber and pepper, prices of which had plunged in the global market. It...

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Now, Odisha and Jharkhand governments announce sops for farmers

-PTI NEW DELHI: The Odisha and the Jharkhand governments on Friday joined the list of states doling out sops for farmers after the Congress scripted wins in three states riding on the promise of farm loan waiver. While Odisha chief minister Naveen Patnaik announced the Rs 10,000-crore scheme for the overall development of farmers in the state, Jharkhand chief minister Raghubar Das declared the Rs 2,250-crore scheme to help 22.76 lakh medium...

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