-VillageSquare.in Although the Maharashtra government has announced a loan waiver, deeply indebted farmers of Marathwada still do not know how they will get the money to buy farm inputs this sowing season ahead of the monsoon Latur (Maharastra): Barma Mind of Gangapur village in Latur district is a small farmer with 4.5 acres of land. He had taken a loan of Rs 54000 from an agriculture cooperative society in April 2015. Much...
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Maharashtra farmers seek blanket waiver sans riders -Abhiram Ghadyalpatil
-Hindustan Times Representatives of Maharashtra farmers have sought a blanket crop loan waiver for all farmers, saying waivers must not be limited to those who have been repaying their loans Mumbai: Representatives of Maharashtra farmers have sought a blanket crop loan waiver for all farmers, saying waivers must not be limited to those who have been repaying their loans. A steering committee of leaders and activists from the state said this at a...
More »India Owes a Debt to Its Farmers -Yogendra Yadav
-TheWire.in The Indian farmer is not just a poor, helpless victim who deserves a waiver because he cannot pay. The root cause of the debt trap is that his income has not increased with rising expenditure due to state policies. As Punjab joins the list of states to declare farm loan waivers, the political scales are now heavily tilted in favour of this idea. The government of Telangana, followed by Andhra Pradesh,...
More »Yogendra Yadav, convenor of Swaraj Party, interviewed by Archana Mishra (GovernanceNow.com)
-GovernanceNow.com As farmers protests take centre stage across the country, Swaraj Party convenor explains the ecological, economic and existential crisis behind this unrest. * We have recently seen farmers from Tamil Nadu protesting in the national capital. Then Maharashtra farmers protested, deciding not to send their produce to cities. The agitation has now reached Madhya Pradesh, leading to killings. Why there is sudden farmers’ unrest in the country? I think we...
More »Cabinet clears 5% interest subvention for crop loans
-The Hindu Scheme will continue for one year, be overseen by NABARD Amid growing protests over farm sector distress, the Cabinet has approved the extension of the interest subvention scheme for farmers to 2017-18. Short-term crop loans up to Rs. 3 lakh will receive a subvention of 5%, effectively reducing the rate for farmers to 4%. The government has earmarked a sum of Rs. 20,339 crore for this. The interest subvention scheme will...
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