-Livemint.com Farmers commit suicides less often than non-farmers but they are more likely to commit suicides because of economic distress compared to others With an ongoing petition in the Supreme Court on farmer suicides , and a growing clamour for Farm Loan Waivers across several states of the country, the debate on farm suicides in India seems to be heating up once again. Several commentators and researchers have claimed for long that farmers...
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Why Punjab needs incentives, not loan waivers -PK Joshi, Tajuddin Khan & Avinash Kishore
-The Financial Express Punjab farmers would benefit if the state govt subsidised the adoption of appropriate technology and diversification of crops. The newly-elected government in Punjab is considering a loan waiver for farmers to reduce agrarian distress. According to the recent Situation Assessment Survey of Farmers (SASF), the average outstanding loan is nearly three times higher in Punjab compared with the rest of India (Rs 3.31 lakh versus Rs 1.22 lakh). Farmers...
More »Agri-credit disbursement: Banks worry as states with most loans talk about waivers -Anil Sasi
-The Indian Express UP, Maharashtra, Punjab, Tamil Nadu account for 36% of total agri-lending in FY17 till December New Delhi: AMID EARLY signs of farmers in Maharashtra starting to default on their farm loans in anticipation of a waiver on the lines of the one announced in Uttar Pradesh, what is adding to the worries of banks and other lending institutions is that the four states where such waivers are under discussion...
More »Cong smells farm tax
-The Telegraph New Delhi: The Congress today alleged that the Narendra Modi government was testing the waters on bringing agricultural income within the tax ambit and declared its intention to build a movement of farmers if the idea was implemented. "This government is harassing industrialists, traders, students, political rivals... only one section of the society was left, that is farmers," Congress leader Ghulam Nabi Azad said. "The statements coming from important people in...
More »Waiving loans doesn't end the distress -Rajalakshmi Nirmal
-The Hindu Business Line The solution lies in better prices for produce, generating non-farm income, and reducing costs of farming After the Yogi Adityanath government waived farm loans of about ?36,000 crore for UP farmers, pressure has mounted on other States to follow suit. But contrary to common belief, debt waivers aside from possibly guaranteeing electoral victory, do little to alleviate the plight of farmers. Neither do they help kick-start the rural...
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