-The Indian Express As there are 21.6 crore small and marginal farmers — most of whom are not in a position to repay the loan or put collateral — such a scheme is the only way to support their fund requirements, apart from ensuring market prices for their produce. Mumbai: The NDA government is considering a package of proposals for the distressed agriculture sector that includes interest-free loans, loans without collateral...
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MSP was not 1.5 times the cost of production for most kharif crops during the last 6 agricultural years
In its 2014 election manifesto, the Bharatiya Janata Party (BJP), among other things, promised to "take steps to enhance the profitability in agriculture, by ensuring a minimum of 50% profits over the cost of production". In his 2018-19 Union budget speech too, the Finance Minister Shri Arun Jaitley informed the Parliament that the 2014 election manifesto of the BJP had stated that the farmers should get at least 1.5 times the...
More »Modi govt to announce Rs 4,000 per acre direct transfer, crop loan at 0% in two-fold farm relief; to cost Centre Rs 2.3 lakh crore -Anilesh S Mahajan & Rajeev Dubey
-BusinessToday.in DBT scheme draft requires states to share burden 70:30, but states are in no mood to bear the burden. Centre will likely announce direct benefit transfer (DBT) worth Rs 4,000 per acre per season plus interest-free crop loan up to Rs 1 lakh per farmer in an instant two-fold relief to the farmers, sources in the know told BusinessToday.In. The initiatives will cost the Centre Rs 2 lakh crore towards DBT...
More »Ahead of 2019 polls, Centre readies big farm relief plan -Surojit Gupta
-The Times of India NEW DELHI: The Centre is working on a plan to provide relief to farmers and is weighing options on a direct benefit transfer scheme for the distressed sector modelled on the Telangana system. Several rounds of discussions have been held and the view emerging within the government favours a limited direct benefit transfer scheme to help small and marginal farmers meet expenses for seeds, fertilisers, pesticides and labour. Sources...
More »Water woes -Michael Kugelman
-The Hindu They will soon become more than just a political liability The BJP’s poor performance in the recent Assembly elections underscores the extent of India’s agrarian distress and the political cost of failing to address it. The root cause of the Indian farmer’s woes is water shortage. Yet, barring policy interventions, this problem will only worsen — to the point that it will become far more serious than a mere political...
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