-The Hindu Business Line In the wake of the government announcing direct income support of ?6,000 per year for small and marginal Farmers in the interim Budget on February 1, the Reserve Bank of India, on Thursday, raised the limit for collateral-free agriculture loans to Rs.1.6 lakh from Rs.1 lakh. The central bank said the increased limit will enhance coverage of small and marginal Farmers in the formal credit system. The circular...

-Centre for Budget and Governance Accountability (CBGA) The Interim Union Budget 2019-20, the last budget presented by the incumbent government, comes at a time when the economy is beset with myriad problems. Among the various challenges facing the economy, perhaps the most critical are those related to the acute agrarian distress, burgeoning unemployment and slowing down of the economy. While it is true that many of these problems began prior to...

-TimesNowNews.com (Mirror Now) Despite paying premiums of Pradhan Mantri Fasal Bhima Yojana, Farmers in Madhya Pradesh are facing a crisis as the payout under the crop insurance scheme are rare and Farmers fail to their cover losses. Bhopal: Despite paying premiums of the crop insurance scheme, Farmers in Madhya Pradesh are facing a crisis. The government had launched the Pradhan Mantri Fasal Bhima Yojana in 2016 precisely to address crops ravaged by...

-The Indian Express Direct income support for Farmers is too late, too little The hopes of Farmers for a meaningful package from the Modi government have evaporated after the announcements in the Union budget. The proposed Rs 6,000 annual direct income support to small and marginal Farmers is a drop in the ocean. States like Telangana and Odisha have done much better with their Rythu Bandhu and Kalia schemes respectively. After...

-The Indian Express Possibly the most problematic aspect of evaluating the budget is the opaqueness of the underlying data. The interest in this year’s Union budget had been high for obvious reasons. It being an election year, there were expectations of a major spending package focused on struggling sectors such as agriculture. The budget didn’t disappoint as the finance minister announced an income support programme for Farmers, raised the tax-free income...