-Livemint.com The RBI norms towards targeted marginal lending for the small farmer is a structural solution to aid them—unlike bailout packages, which provide only short-term relief In its latest overhaul of priority sector lending rules, the central bank has stipulated that lenders should funnel at least 8% of their credit to small and marginal farmers. While the overall agriculture loan growth has galloped over the past decade, the chart shows why...
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Low rainfall may affect bank non-performing assets
-Livemint.com/ India Ratings Report by India Ratings & Research Non-performing loan ratio of agriculture loan portfolio could double for some banks The asset quality of India’s agricultural credit could be significantly affected by crop damage due to untimely hail and rain in March, according to India Ratings and Research. The non-performing loan (NPL) ratio of the agriculture loan portfolio could double for some banks, though the reduction of overall return on average assets...
More »In Haryana, wheat farmers done in by unseasonal rain -Vidya Venkat
-The Hindu "At least 50 deaths of farmers either by suicide or cardiac arrest have been reported and government has done nothing about it." Brown, damaged wheat fields is all one gets to see in Sonepat district of Haryana. In at least six villages The Hindu surveyed, deaths of farmers, either by suicide or cardiac arrest, have occurred following the shock of crop loss due to unseasonal rain. Yet, last week in...
More »91 per cent Andhra Pradesh farmers are debt-laden -Bh. Ramakrishna
-Deccan Chronicle Hyderabad: Nearly 91 per cent of farmers in AP are debt-ridden. Unable to repay their debts to private Moneylenders, farmers sometimes commit suicide, state Agriculture department statistics. This was informed to the AP Assembly too in the recent Budget Session by minister for agriculture P. Pulla Rao. Most of these farmers are tenants who number nearly 25 lakh. Of them, only 1.4 lakh get loans from banks. Nationalised banks, in...
More »Indian research centres, institutes hail Ford Foundation grants - Amitabh Sinha
-The Indian Express While the Home Ministry has decided to put grants from US-based Ford Foundation under the “prior approval category” and also on its watch list in the interest of “national security”, some government-backed educational and research institutes that receive grants from the Foundation have said the US-based organisation helped build institutions in India. Among the beneficiaries of such grants are at least 10 that are also funded and supported by...
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