-The Times of India NEW DELHI: Amid a flurry of Farm Loan waivers, financial institution Nabard has written to states advising them to ensure that dues of banks that actually write-off the loan are immediately cleared to ensure that the credit cycle is not broken. The move follows the experience of several lenders in Andhra Pradesh and Tamil Nadu, where the dues have remained pending although they had written off the loans...
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If you want to help farmers -Ashok Gulati & Prerna Terway
-The Indian Express Loan waivers are poll bait. What is needed is a structured and stable income support policy. The talk of the season on the farm front seems to be loan waivers. Farmer leaders are asking for it and those looking for power are ready to oblige. Newly elected chief ministers of Madhya Pradesh, Chhattisgarh and Rajasthan have all announced loan waivers within their promised time of 10 days. It...
More »Now, Odisha and Jharkhand governments announce sops for farmers
-PTI NEW DELHI: The Odisha and the Jharkhand governments on Friday joined the list of states doling out sops for farmers after the Congress scripted wins in three states riding on the promise of Farm Loan waiver. While Odisha chief minister Naveen Patnaik announced the Rs 10,000-crore scheme for the overall development of farmers in the state, Jharkhand chief minister Raghubar Das declared the Rs 2,250-crore scheme to help 22.76 lakh medium...
More »Open season for Farm Loan waivers
-The Telegraph In the long term, the only real solution to rural distress is to shift labour to more productive segments of the economy It has turned into an open season for Farm Loan waivers. Less than a week after assuming office, Congress governments in Rajasthan, Madhya Pradesh and Chhattisgarh have announced the waiver of crop loans up to two lakh rupees per farmer. The Congress president, Rahul Gandhi, has thrown down...
More »The political economy of the persistent agrarian crisis -Himanshu
-Livemint.com Loan waivers and the promise to raise MSP cannot solve the problem The victory of Congress party in the recent assembly elections of Chhattisgarh, Madhya Pradesh and Rajasthan has brought the agrarian crisis in rural areas to the centre of political debate. While there are several factors in election victories, the severity of the agrarian unrest was surely a major factor. While there is consensus that the incumbent Bharatiya Janata Party...
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