-Livemint.com Taking a cue from election results, political parties may announce more farm loan waivers but this will do little to fix the persistent distress in rural households The drubbing of the Narendra Modi-led Bharatiya Janata Party (BJP) in the state elections in Madhya Pradesh, Rajasthan and Chhattisgarh has proved beyond doubt that all isn’t well in India’s hinterland. An analysis of the poll results in these three states show that the...
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No farm loan waiver: Centre
-The Hindu Write-offs encourage defaulters, affect credit culture, Union Minister of State for Agriculture Parshottam Rupala tells Lok Sabha. On a day when the BJP’s loss in three State elections was partly attributed to rural distress and the Congress’s promise to waive farm Loans, the government told the Lok Sabha that it was not considering any loan waiver scheme as it would affect the credit culture, incentivise defaulters, create a moral hazard...
More »Why small, marginal farmers get just 40% of total agri credit -Rajalakshmi Nirmal
-The Hindu Business Line Loan waivers have made banks wary of them; beneficiaries are farm infra/services firms Every year the Centre announces an increase in the agri credit limit, but not even half of this reaches small farmers. Small farmers typically take small Loans — of less than Rs. 2 lakh. RBI data show that in FY17, the share of Loans of Rs. 2 lakh or less was just 40 per cent of...
More »Now, farmer gets 51 paise per kg for his onions, sends money to Maharashtra CM
-PTI Chandrakant Bhikan Deshmukh, a resident of Andarsul in Yeola tehsil, has sent a money order of Rs 216 to Chief Minister Devendra Fadnavis. He got this amount after selling 545 kg of onions in an auction on December 5. Nashik: After a farmer sent his meagre earnings from sale of onions in the wholesale market to the Prime Minister, another farmer in Nashik district of Maharashtra has adopted the same...
More »Vijoo Krishnan, joint secretary of the All India Kisan Sabha (AIKS), interviewed by Payel Majumdar Upreti (The Hindu Business Line)
-The Hindu Business Line People from different spheres and strata of life joined farmers at the Kisan Mukti March in Delhi last month From scientists, artists and doctors to lawyers, retired jawans and students, thousands came together to support a march by farmers in Delhi last month. The November 29-30 Kisan Mukti March to Parliament, organised by The All India Kisan Sangharsh Coordination Committee (AIKSCC), an alliance of over 200 farmers’ organisations,...
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