-TheWire.in The scheme is far from being inclusive and will likely exacerbate already unequal social and economic conditions. The focal point of this year’s budget has been the announcement of a new centrally-sponsored scheme, the ‘Pradhan Mantri Kishan Samman Nidhi’ (PM-KISAN). This scheme assures small and marginal farm households a guaranteed annual income support of Rs 6,000. However, this scheme is hardly the first instance of agricultural income support in the country. States...
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430 Punjab Farmers Committed Suicide in One Year Since Loan Waiver Rollout
-TheWire.in A figure is based on data compiled by farmer union Bhartiya Kisan Union (Ugrahan). New Delhi: Debt has continued to overwhelm farmers in Punjab since the rollout of Congress’s loan waiver scheme in January 2018. Four hundred thirty farmers and farm labourers with outstanding loans ranging between Rs 1-20 lakh committed suicide in the intervening one year period, the Indian Express reported. The data, which is based on revenue department and police records,...
More »Examining farm loan waivers -R Ramakumar
-The Hindu The solution lies in better schemes that ensure universal coverage for small, marginal and medium-sized farmers To do or not to do? According to reports, the Central government is discussing a scheme to waive outstanding farm loans in the aftermath of widespread farmers’ protests between March and December 2018 . Till now, at least 11 States have announced schemes to waive outstanding farm loans: Madhya Pradesh, Uttar Pradesh, Karnataka, Tamil...
More »An outstanding alternative to farm loan waiver -Suman Layak
-The Economic Times The world is no stranger to farm debt crises like the one India is seeing today. Back in the 1980s, the Canadian parliament enacted a law to stop foreclosures on farm debt, after prices collapsed and interest rates jumped to as high as 24%. The law was in force for a dozen-odd years. It identified insolvent farmers, facilitated agreements between the borrowers and lenders, and helped some farmers move...
More »Telangana is Proof Farm Loan Waivers Aren't a Long-Term Solution -Siraj Hussain
-TheWire.in The government has to evolve policies suitable to a particular state and fine-tune them according to local needs. ‘Nothing succeeds like success,’ first written by Sir Arthur Helps in Realmah in 1868, is going to guide political parties while they draft manifestos for the next parliamentary election. It seems that the Rythu Bandhu (RB) scheme – also known as the Telangana model of direct investment support (DIS) to farmers – has...
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