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22% of households in cities, 31% in villages are in debt -Subodh Varma

-The Times of india Nearly a third of rural households and a quarter of urban ones are indebted according to a survey report released this week. This is understandable with the spread of credit facilities. But the scale of Indebtedness revealed is astonishing: between 2002 and 2012, the average amount owed by each family has jumped seven times in cities and more than four times in rural areas. About 22% of urban...

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Farm Debt Curse Continues: NSSO

The agrarian crisis is far from over. Amidst news of farmers' suicide reported from parts of Telangana, Andhra Pradesh and Maharashtra, an official document released in December by the National Sample Survey Organisation states that nearly 52% of India's agricultural households were indebted during July, 2012 - June, 2013. The average amount of outstanding loan per agricultural household in India was Rs. 47000 (see link below). Based on a survey of...

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Village households’ average assets in India at Rs 10 lakh

-PTI   Households in rural areas hold assets worth over Rs 10 lakh on average, less than half the holdings by those in cities, says a government survey. At the same time, villages account for higher proportion of families owning some physical and financial assets at 98 per cent, higher than 94 per cent in urban areas. "Around 98 per cent of rural households and around 94 per cent of urban households in India...

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Farmer suicides continue unabated -Shoumojit Banerjee

-The Hindu Pune: The unremitting wave of farmer suicides continued in Maharashtra's rain-shadow regions of Marathwada and Vidarbha with four more farmers taking their lives in less than 48 hours, belying feeble government promises of quick succor to afflicted farmers across more than 19,000 villages in the State. According to locals and relatives, the farmers who took the extreme step were small landholders weighed down by massive debt accruing from three consecutive...

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Women on the Edge of Land and Life -Manipadma Jena

-IPS News SUNDARBANS: November is the cruelest month for landless families in the Indian Sundarbans, the largest single block of tidal mangrove forest in the world lying primarily in the eastern Indian state of West Bengal. There is little agricultural wage-work to be found, and the village moneylender's loan remains unpaid, its interest mounting. The paddy harvest is a month away, pushing rice prices to an annual high. For those like Namita Bera,...

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