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MGNREGS as insurance

-The Hindu With Unseasonal Rain laying waste vast areas under the rabi crop in north India earlier this year and the threat of a deficient monsoon looming, the Mahatma Gandhi National Rural Employment Guarantee Scheme could act as a real salve for distressed farm workers and labourers. The World Bank’s brief statement on the scheme on Tuesday to this effect, as part of its latest India Development Update, concurs with recent...

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In Haryana, wheat farmers done in by Unseasonal Rain -Vidya Venkat

-The Hindu "At least 50 deaths of farmers either by suicide or cardiac arrest have been reported and government has done nothing about it." Brown, damaged wheat fields is all one gets to see in Sonepat district of Haryana. In at least six villages The Hindu surveyed, deaths of farmers, either by suicide or cardiac arrest, have occurred following the shock of crop loss due to Unseasonal Rain. Yet, last week in...

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Challenge of agrarian distress

-The Hindu Everything else can wait but agriculture cannot, said Jawaharlal Nehru. This should have been the talisman for India’s progress. Yet, successive governments have failed to accord agriculture the priority it deserves. The tragic suicide of a farmer during an Aam Aadmi Party rally in New Delhi has brought to the fore the agrarian crisis facing India. Official records reveal that more than 2.96 lakh farmers have ended their lives...

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Bundelkhand—the worst place in India to be a farmer - Sayantan Bera

-Livemint.com How farmers in chronically drought-prone Bundelkhand made the rational choices to improve their lot and yet ended up in a debt trap Banda/New Delhi: “I have made up my mind. I cannot repay my loans. I cannot free my land. I will die,” Ram Bahadur Singh said, with a casual chuckle. The neighbours seated around did not react; after all, this was not the first time that the 52-year-old from...

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Low rainfall may affect bank non-performing assets

-Livemint.com/ India Ratings Report by India Ratings & Research Non-performing loan ratio of agriculture loan portfolio could double for some banks The asset quality of India’s agricultural credit could be significantly affected by crop damage due to untimely hail and rain in March, according to India Ratings and Research. The non-performing loan (NPL) ratio of the agriculture loan portfolio could double for some banks, though the reduction of overall return on average assets...

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