-The New Indian Express The problem of farmer suicides has assumed a serious proporition. The toll is increasing year after year. According to the National Crime Record Bureau (NCRB), as many as 5,650 farmers committed suicide in India last year. This works out to one farmer suicide in every 100 villages or one farmer suicide in every block in the country last year. State-wise, Maharashtra accounted for the highest number of...
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How loan sharks pull poor farmers into a debt trap -Naheed Ataulla & Anand J
-The Times of India As crops fail, banks don't deliver and the government falters, Mandya's farmers find themselves at the mercy of unscrupulous moneylenders Chenne Gowda has a Rs. 4 lakh albatross around his neck. The 55-year-old sugarcane farmer from Chikka maralli village in Pan davapura taluk, Mandya district, took the loan from private moneylenders but has no idea how he'll repay. His crop, on two acres, is wilting in the field...
More »Properly used, Jan Dhan Yojna could lessen farmers' suicides
-Hindustan Times For a country that is set to be ranked among the world’s top five economies over the next decade, India cannot afford to be counted as a home for impoverished farmers who are ending their lives because they do not have the money to return loans as small as Rs 10,000. According to the National Crime Records Bureau (NCRB) data, 5,650 farmers committed suicide in India last year. Bankruptcy and...
More »Who cares for the small farmer? -PSM Rao
-The Hindu Business Line Not the RBI, going by the revised priority sector lending norms, which will further reduce credit to the marginalised Prime Minister Narendra Modi has often expressed his sense of anguish at the plight of farmers. In a recent statement in the Lok Sabha, he noted that the agriculture community’s problems were “old, deep-rooted and widespread”, and stated that farmers cannot be left to fend for themselves. Implicit in that...
More »The inclusion project -Shamika Ravi
-The Indian Express A little more than a week ago, World Bank chief Jim Yong Kim praised Prime Minister Narendra Modi for launching the Pradhan Mantri Jan-Dhan Yojana (PMJDY), which he called an “extraordinary effort” at financial inclusion. According to the Union finance ministry, India has attained 99 per cent financial inclusion, measured as households’ access to bank accounts. Within three months of launching the PMJDY, the government entered the Guinness...
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