-The Economic Times MANDYA: A new breed of moneylenders has pushed farmers of moneyed Mandya district in Karnataka into an endless debt trap, leading to mounting suicides, even as the institutionalised credit system has failed them. The system is so well entrenched that the borrowers themselves are taking steps to protect the moneylenders from a government crackdown on the practice. Farmers — big, small and marginal — have taken loans from private...

-The Indian Express These are the root causes of agricultural distress. Farmers need better irrigation and access to markets. Speaking at the foundation day celebrations of the National Bank for Agriculture and Rural Development (Nabard) on July 12, Union Finance Minister Arun Jaitley said that there were reasons to smile on the economic front as India remains a bright spot, despite the global slowdown. He talked about the 7-8 per cent...

-IPS News LUDHIANA: Long-term agricultural growth in India is slowing down. The lands that saw remarkable increases in productivity in the 1970s and 80s, thanks to the technology rolled out as part of the first “Green Revolution”, are not yielding the same results today. India still has the second highest number of undernourished people in the world. To confront this problem, Prime Minister Narendra Modi has called for a Second Green Revolution on Indian...

-The Hindu Banks continue denying loans to low-income groups, insisting on sticking to a standard EMI route even though they are dealing with a complex social issue. In July 2012, Pradeep Kumar, a 36-year-old resident of Ladpur, a shanty town that sits on the north-western periphery of Delhi, applied for an employment loan at the magistrate’s office in Kanjawala district. Under the Pradhan Mantri Rozgar Yojana or PMRY — a funding policy...

-Livemint.com Less than a third of rural India earns its living from agriculture. Landlessness, poor access to irrigation and credit, and low mechanization are all-pervasive New Delhi: Rural India is no longer synonymous with agriculture, as most households are landless and depend on casual labour for a living, according to data from the socio-economic caste census (SECC) released last week. The numbers are telling. Across the country, agriculture is the primary source...