-ThePrint.in A total of 32.26 lakh Loans were disbursed under the PM SVANidhi scheme between June 2020 & May 2022, according to data revealed by the Union Ministry of Housing and Urban Affairs. New Delhi: Only 0.01 per cent street vendors belonging to minority communities have benefitted from the Centre’s PM SVANidhi scheme between June 2020 and May 2022, an Right To Information (RTI) query has revealed. A total of 32.26 lakh Loans...
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A Fresh Spike in Farmer Suicides in Punjab -Shweta Saini, Siraj Hussain and Pulkit Khatri
-TheIndiaForum.in Since 2015, there has been a sharp rise in farmer suicides in Punjab. Farmers in the state borrow large Loans at high interest rates; some of which is used for consumption. According to official data, 51% of farmer suicides in Punjab are due to a high level of indebtedness, mostly to institutions. Farmer suicides are back in focus. Media reports suggest that in April 2022 alone 14 Punjab farmers died by...
More »Loans worth ₹37 trillion sanctioned to MSMEs in FY22, up 182% from FY20: Report
-Livemint.com From ₹37.7 lakh in FY20 to ₹72.4 lakh in FY21-22, the average ticket size of MSME Loans increased by 92%, the data on MSME Loans showed. Total loan sanctioned to MSMEs stood at ₹37.29 trillion in FY22, an increase of roughly 5% over FY21 and 182% over FY20, as per a report by CRIF High Mark, a credit bureau. From ₹37.7 lakh in FY20 to ₹72.4 lakh in FY21-22, the average ticket...
More »88% of Over 9,000 Punjab Farmers Who Died by Suicide in 18 Years Were Debt-Ridden: Study -Vivek Gupta
-TheWire.in The Panjab Agriculture University study examined deaths by suicide among farmers between 2000 and 2018 in six districts of the state. Chandigarh: As many as 9,291 farmers died by suicide between 2000 and 2018 in six districts of Punjab, a Panjab Agriculture University (PAU) study published in the latest edition of Economic and Political Weekly has revealed. The districts surveyed were Sangrur, Bathinda, Ludhiana, Mansa, Moga and Barnala. Heavy debt – most incurred...
More »Travails Of Landless Labour - The Untold Story Of Punjab’s Agricultural Success -Sandeep Chachra
-Outlook India Sandeep Chachra is Executive Director, ActionAid Association and Co-chair of the World Urban Campaign, UN-Habitat. He discusses and expresses views of the ground reality of the success behind Punjab's Agriculture Industry. "Microfinance companies are breaking our backs. Many women in our block have taken Loans that they can't repay. During COVID, these Loans have swelled up, and the company agents threaten us, take away our belongings, our gas cylinders. I...
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