-The Hindu We need to revisit the credit policy with a focus on the outreach of banks and financial inclusion Since Independence, one of the primary objectives of India’s agricultural policy has been to improve farmers’ access to institutional credit and reduce their dependence on informal credit. As informal sources of credit are mostly usurious, the government has improved the flow of adequate credit through the nationalisation of commercial banks, and the...
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Gujarat farmers unlikely to benefit from sops doled out by State govt -Rajalakshmi Nirmal
-The Hindu Business Line Costs, prices, credit issues are a challenge, just as in other States Ahead of the Assembly elections, the Gujarat government has announced a slew of measures to woo rural voters. This includes waiver of GST on equipment used in micro-irrigation, 0 interest on loans up to ?3 lakh for farmers, and a bonus of ?500 per quintal on cotton. But these sops are not likely to make farmers in...
More »Gujarat model: The gleam of state's high growth numbers hides dark reality of poverty, inequality -Maitreesh Ghatak
-Scroll.in An analysis of data shows that the Gujarat model is a bubble waiting to burst. The Gujarat economy continues to be an enigma. In 2014, many considered the state’s economic performance nothing short of miraculous and credited it to the magic touch of Narendra Modi, then the four-term chief minister of the state. This even led to the coinage of a new term: Modinomics. Three years later, as Gujarat heads...
More »Farm loan waiver: Maharashtra detects 1.5 million suspicious bank accounts -Abhiram Ghadyalpatil
-Livemint.com According to a senior BJP minister, a preliminary probe by the Maharashtra government identified these ‘bank accounts without a credible credit history’ Mumbai: The Maharashtra government has spotted nearly 1.5 million suspicious bank accounts it suspects were created merely to grab the benefits of its Rs34,022 crore farm loan waiver. According to a senior Bharatiya Janata Party (BJP) minister who is also a member of the ministerial group on farm loan waiver,...
More »In loan waiver shocker, farmers of Uttar Pradesh get relief of 19 paise -Haidar Naqvi and Brajendra K Parashar
-Hindustan Times Many farmers have been left bewildered as the Uttar Pradesh government headed by chief minister Yogi Adityanath follows up on its poll promise of waving farm loans. Kanpur/ Lucknow: Ishwar Dayal, a marginal farmer of Bhartana in Etawah of Uttar Pradesh, was in for a shock when he was handed over by district officials a certificate saying his outstanding farm loan amounting to 19 paise has been waived. He says he...
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