The finance ministry is all set to increase the agriculture lending target by around 25% in the budget for 2012-13 despite a sharp increase in the non-performing loans in the sector. In the last budget, the government had increased the target to 4.75 lakh crore from 3.75 lakh crore in the year before. "Banks will continue to focus on all priority sector areas. This year more focus will be on direct lending...
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Burdened with bumper crop by Sayantan Bera
Faulty procurement, rising farm inputs force West Bengal farmers to commit suicide LONG known as farmer friendly, West Bengal is now making headlines for farmers’ suicides. Reportedly 31 farmers, including landless farm labourers and small traders of agriculture produce, in the state took their lives between October last year and January. Twenty-one of the 31 deaths are from the state’s rice bowl Burdwan district. And this is probably a reason the spate...
More »Seed companies reap rich Harvest on Bt cotton wave by Sanjeeb Mukherjee
Bt cotton has doubled the seed industry and boosted the fortunes of seed firms. But yields still need to improve In the last 10 years, Bacillus thuringiensis (Bt) cotton and its impact on farmers has perhaps been the most talked about topic in Indian agriculture since the ‘Green Revolution’ of the 1960s and 1970s. Not only has farmers’ income from growing Bt cotton risen by almost 67 per cent in the...
More »Jairam makes NREGA more agriculture-focused by Nirendra Dev
In a landmark decision, the Union rural development minister, Mr Jairam Ramesh, today announced that the flagship scheme MG-NREGA would be made more agriculture focused. “At least 28 new work lists out of 30 suggested by the Planning Commission member Mihir Shah committee is agriculture based. We will have the major recommendations for NREGA-2 implemented from April 1, 2012,” Mr Ramesh told reporters after receiving the report from Mr Shah. He,...
More »Rural job scheme spending declines by Sreelatha Menon
Central allocation for the Mahatama Gandhi National Rural Employment Guarantee Scheme (MNREGS) has been falling in recent years, with this year recording the steepest decline. Money released for the scheme fell from Rs 35,242 crore last year to Rs 21,441 crore this year, while expenditure has gone down from Rs 39,000 crore last year to Rs 20,000 crore as of January-end. The average workdays under the scheme, which provides a legal entitlement...
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