-Outlook UPA’s populist trumpcard of 2008—the farm loan waiver—has fallen short of its intended target, as a CAG audit throws up The Scheme 2008 Union finance minister P. Chidambaram announces farmer debt waiver and relief scheme in budget; PM Manmohan Singh writes to beneficiaries “seeking their support” Rs 52,275 cr Total money that was disbursed to eligible farmers across the nation as part of loan waiver scheme Rs 50,000 The loan...
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No More Juice To Squeeze-Panini Anand
-Outlook Hapur: Its benefit to farmers was well touted. The reality of the loan waiver is less creditable. In the early hours of a foggy morning in the sugarcane belt of western Uttar Pradesh, produce-laden bullock carts move about in Rasoolpur village, Hapur district, about 50 km from Delhi. As good a spot as any to gauge the impact of the ambitious loan waiver scheme for farmers announced by the UPA-I...
More »CAG finds flaws in implementation of debt waiver scheme
-PTI The government auditor CAG has found irregularities in disbursement of funds under the Rs 52,000-crore farm debt waiver scheme, 2008, as benefits have been taken by some ineligible farmers. Taking note of the the Comptroller and Auditor General (CAG) Performance Audit of the Agricultural Debt Waiver and Debt Relief Scheme (ADWDRS) 2008, RBI has asked the banks to recover money from ineligible beneficiaries. It has also advised the banks to lodge FIRs...
More »Camp that provides shelter to villagers and cattle in drought-hit Beed district -Amruta Byatnal
-The Hindu Farmers bring their cattle to camp to provide water and fodder Shidewadi (Maharashtra): It’s Kavita Garje’s 10th day at the cattle camp and she can already predict the conditions for the next 10 months. “It didn’t rain at all this year, so our buffaloes have to be kept here at least till next September. We have no fodder or water for them,” the 13-year-old girl says, as she feeds her...
More »Bt failure to hit cotton yield by 40%: Govt-Yogesh Pawar
-DNA For the first time, Maharashtra has officially admitted that cotton yield is likely to reduce by nearly 40%. Bt cotton failure in more than 4 million hectares of land has reduced cotton yieldfrom 3.5 million quintal to 2.2 million quintal. A report sent by the state agricultural department to the Centre states that the estimate of the net direct economic loss to cotton farmers in the state will be nearly Rs6,000...
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