-The Indian Express Substantial number of interest subvention scheme loans are diverted to non-agricultural uses. Government must switch to an income-support subsidy regime The Union budget for 2016-17 has provisioned Rs 15,000 crore on account of interest subvention for short-term agricultural credit, up by Rs 2,000 crore over the revised estimate for FY16. The mere shifting of this line item from the department of financial services to the department of agriculture...
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Indian agriculture yet to catch up with neighbours on public spending, indicates IFPRI report
Amidst the prevailing gloominess over agrarian crisis, a recently released report says that the growth rate of agricultural output in both India and China were the same during 2008-2013. The agricultural gross domestic product (GDP) of both these countries on an average grew at 3.3 percent per annum during that period. The latest available data from the 2016 Global Food Policy Report, however, indicates that the neighbouring countries of Sri Lanka...
More »Farmers' conference demands law for guaranteed income -Vineet Kumar
-Down to Earth Participants voice concern on drought, farmers' suicide and water conservation, among other issues The three-day long Kisan Swaraj Sammelan held in Hyderabad (April 1 to 3) urged for the enactment of a Farmers’ Income Guarantee Act to ensure dignified earning levels for agricultural households among a host of other things. Organised by the Alliance for Sustainable and Holistic Agriculture, a group comprising 400 diverse organisations from across India, the...
More »Farmers’ meet demands law to guarantee income -KV Kurmanath
-The Hindu Business Line Hyderabad: The three-day Kisan Swaraj Sammelan, which concluded here on Sunday, has called for an income guarantee scheme for farmers. The meeting, attended by farmers’ representatives and non-governmental organisations, from 25 States in the country, demanded that the Union government must bring out an Act to ensure minimum incomes for farmers. In a declaration announced at the end of the three day convention, the conference called for enactment...
More »Crop Insurance: new dawn for farmers? -Rajalakshmi Nirmal
-The Hindu Business Line The new scheme offers lower premium, more risk cover and hassle-free settlement Crop Insurance schemes have not been a hit with Indian farmers in the past. High premia, limited coverage, complicated ways of assessing losses and delayed payment of compensation have kept farmers away from them. Given the high risk of crop damage in India, with significant loss in food grain production in 18 of the last 54 years...
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