-Newsclick.in Through “nationalised banks-NBFC” deals, the Modi government is trying to achieve what the three farm laws could not achieve. In colonial times, the peasantry had to borrow from private moneylenders. According to Provincial Banking Enquiry Committee reports, these moneylenders in turn borrowed from commercial banks. But while disbursing credit to the peasants and charging exorbitant interest rates, the money lenders at least bore the whole of the lender’s risk. The banks...
More »SEARCH RESULT
Total Matching Records found : 1056
Southern states had a higher proportion of indebted farm households in 2019, shows NSO survey
The Situation Assessment Survey of Agricultural Households and Land and Livestock Holdings of Households in Rural India (NSS 77th Round), which was released recently, informs one about farm households' income in the crop year 2018-19 and indebtedness in 2019 (as on the date of survey), among other things. Prior to the recent report, Land and Livestock Holding Surveys (LHS) and Situation Assessment Survey (SAS) of Agricultural Households used to be...
More »Punjab launches Rs 520 crore debt relief scheme for 2.85 lakh farm labourers, farmers
-The New Indian Express The CM said his govT decided to waive off loans amounting to Rs 520 crores with respect to the principal amount against their cooperative loans as of July 31, 2017. CHANDIGARH: Asserting his continued support to the farmers agitating against the three farm laws, Punjab Chief Minister Capt Amarinder Singh on Friday launched a Rs 520 crore debt relief scheme for 2.85 lakh farm labourers and landless farmers....
More »Farm loan waiver for COVID-19 victims in Karnataka
-The Hindu Chief Minister B.S. Yediyurappa will make the announcement soon, says Co-operation Minister S.T. Somashekar Bengaluru: Co-operation Minister S.T. Somashekar on July 14 said the government would soon announce a waiver of ₹79.47 crore in Farm Loans borrowed by 10,187 farmers in Karnataka who succumbed to COVID-19. Loans borrowed from apex, district credit cooperative banks and primary agricultural cooperative societies (PACS) would be waived. Chief Minister B.S. Yediyurappa would formally announce the...
More »Why Punjab finally relented on direct payment for farmers at 2-hour meet with Piyush Goyal -Chitleen K Sethi and Samyak Pandey
-The Hindu Rabi marketing season kicks off in Punjab Saturday but, until Thursday, the state and central governments had been locked in a tussle over the mode of payment to farmers. Chandigarh/New Delhi: A “threat”, some fireworks, and a concession — it was after a super-charged two-hour meeting between its ministers and Union Consumer Affairs, Food and Public Distribution Minister Piyush Goyal Thursday that Punjab finally agreed to introduce direct benefit transfer...
More »
