-Frontline.in The cash transfer schemes the Narendra Modi government and several State governments have announced to woo the peasantry ahead of the election, like the loan waivers, short-change farmers because they avoid the vital issue of remunerative prices for farm produce. In a sudden flurry of new-found concern for the long-suffering Indian peasant, parties across the political spectrum are desperately trying to woo this section of society. In fact, ever since...
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Is farmer income support a sustainable solution? -Sanjiv Phansalkar
-VillageSquare.in Income support to smallholder farmers is similar to palliative measures like minimum support prices or loan waivers that do not address the problem of an unsustainable population living on a fixed resource base The government in the budget for this year has announced an allocation of Rs 75,000 crore for direct income transfer of Rs 6,000 annually for every farmer who owns less than 2 hectares of land. This amount...
More »Farm Loan Waivers kill credit culture, says Raghuram Rajan
-PTI NEW DELHI: India needs to focus on resolution of farm distress rather than loan waivers which kill the credit culture, former RBI governor Raghuram Rajan said on Tuesday. "First we need to worry about why people are so distressed and angry. There is a lot of agriculture distress. I personally believe that Farm Loan Waivers are not the answers. But there are other answers," he said when asked about what should...
More »PM Kisan is fine, but raise investment to make farming sustainable -Ashok Gulati & Ritika Juneja
-Financial Express Just ahead of the 2019 general elections dates announcement, the prime minister launched the centrally sponsored ‘Pradhan Mantri Kisan Samman Nidhi’ (PM-Kisan) scheme of Rs 75,000 crore for small and marginal farm families. On February 24, 2019, from Gorakhpur in Uttar Pradesh, he transferred the first installment of Rs 2,000 each (out of `6,000 per annum) into the bank accounts of 1.01 crore farm families, amounting to `2,021 crore....
More »Fielding the right incentives -Ashok Gulati and Ritika Juneja
-The Indian Express Income support under PM-Kisan is only one small step. It must be complemented by large-scale reforms in agri-marketing and trade policies. Just ahead of the announcement of the 2019 general election dates, the prime minister launched the centrally sponsored ‘Pradhan Mantri Kisan Samman Nidhi’ (PM-Kisan) scheme of Rs 75,000 crore for small and marginal farm families. On February 24, from Gorakhpur in Uttar Pradesh, he transferred the first...
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