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Only 3% Mudra Loans can generate monthly income of more than 10,000 -Prasanna Mohanty

-India Today The Narendra Modi government has claimed that its flagship Mudra loan scheme is generating employment. But, data shows a miniscule number of Mudra Loans generate a return that satisfies even the minimum wage requirement. * The Modi-led govt has been showcasing the Mudra loan scheme to claim that millions of jobs are being created * There is no official data available on the number of jobs created due to the Mudra...

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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,...

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Government weighs options for pre-poll farm package -Vishwa Mohan

-The Times of India NEW DELHI: Will it be Telangana’s ‘Rythu Bandhu’ or Odisha’s ‘Kalia’ scheme which the Centre bets on in its much anticipated farm package ahead of general elections? Apart from these two schemes, the Centre is also looking at some proposals including area-based income compensation and waiving off premium for crop insurance and interest on Loans for farmers who pay on time. The Centre’s farm options are due to...

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Income transfer can ease farm distress -A Narayanamoorthy & P Alli

-The Hindu Business Line It scores over loan waivers as it benefits all farmers and gives them more control over the cultivation and sale of their produce There is an illusion across various quarters that a one-time farm loan waiver can remove all the hardships farmers have been going through over the last 15 years or so. This illusion has been occupying more space in public discourse in recent months because of...

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Union Cabinet may soon approve relief package for farmers

-PTI The Union Cabinet is expected to soon approve a relief package for farmers grappling with falling prices of their crops and to tackle distress in the farm sector, according to sources. The likely relief package is seen as an attempt to assuage the farming community’s discontent ahead of the general elections. “...The Agriculture Ministry’s proposal on addressing income deficit syndrome of small and marginal farmers is on the agenda (at the Cabinet...

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