-PTI NEW DELHI: Emphasising that ample credit to the tune of Rs 7 lakh crore flows in the Agricultural sector every year, the government today said it is taking "speedy" measures to help farmers who are grappling with debt burden. "We will not let down our farmers," Minister of State for Finance Jayant Sinha told Lok Sabha during Question Hour. He said many steps have been taken to reduce debt burden as...
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Village households’ average assets in India at Rs 10 lakh
-PTI Households in rural areas hold assets worth over Rs 10 lakh on average, less than half the holdings by those in cities, says a government survey. At the same time, villages account for higher proportion of families owning some physical and financial assets at 98 per cent, higher than 94 per cent in urban areas. "Around 98 per cent of rural households and around 94 per cent of urban households in India...
More »More than 50% of farm households in debt -Rukmini S
-The Hindu NSSO survey across 35000 family units Nearly 90 per cent of India's farmers have less than two hectares of land, according to the most extensive survey of farm households to date conducted by the National Sample Survey Office (NSSO). The survey says the average farm household makes less than Rs. 6,500 a month from all sources of income. The NSSO released the findings from its 70th Situation of Agricultural Households in...
More »Farm Debt Curse Continues: NSSO
The agrarian crisis is far from over. Amidst news of farmers' suicide reported from parts of Telangana, Andhra Pradesh and Maharashtra, an official document released in December by the National Sample Survey Organisation states that nearly 52% of India's Agricultural households were indebted during July, 2012 - June, 2013. The average amount of outstanding loan per Agricultural household in India was Rs. 47000 (see link below). Based on a survey of...
More »Chocolate-coated prosperity -LN Revathy
-The Hindu Business Line Cocoa has enriched the lifestyle of one lakh farmers in the four southern States When Cadbury India (now Mondelez India Foods Ltd) representatives approached Sabapathy, a coconut farmer at Sethumadai village, 16 km from Pollachi in Tamil Nadu, with some cocoa seedling to be raised as an intercrop in his coconut grove, Sabapathy says he was not interested at all. "They did not give up and I ultimately gave...
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