-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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Is Cattle Slaughter Ban Smart Economics? Chief Economic Advisor Arvind Subramanian Speaks Up -Aloke Tikku
-NDTV Chief Economic Adviser Arvind Subramanian says farmers would not only lose the income from livestock as meat but also have to incur additional costs to maintain unproductive cattle. Already, he adds, there was research to suggest that returns to livestock farming are in any case "very low or even negative". NEW DELHI: Arvind Subramanian, the government's Chief Economic Adviser, has broken his silence on the issue of cattle slaughter. And...
More »Puntamba: The Maharashtra village that triggered the farm loan waiver stir -Abhiram Ghadyalpatil
-Livemint.com Considering the meticulous and methodical preparations that went into making the farmers protests count, Puntamba village’s moment of glory appears well deserved Puntamba, Maharashtra: Sarjerao Jadhav, a farmer in Puntamba village of Ahmednagar district in Maharashtra, remembers the day when a special gram sabha (village panchayat assembly) passed the resolution saying farmers would go on strike from 1 June. “On 3 April, when we moved this resolution, we thought we would begin...
More »Why are farmers protesting despite bumper harvests? -Roshan Kishore
-Livemint.com Behind the rising tide of farmers’ protests lie several structural weaknesses facing the farm economy In a year when farm growth has crossed the 4% mark and official statistics show a record increase in production, one would have expected farmers to celebrate. Instead, farmers in states such as Madhya Pradesh and Maharashtra are out on the streets protesting, and in some cases, facing bullets from the local police. What explains this...
More »Haryana farmers refuse to withdraw agitation -Sukhbir Siwach
-The Indian Express State govt starts gathering details of outstanding farm loans Chandigarh: Agitating farmers in Haryana have refused to withdraw their agitation despite the acceptance of several demands of farmers in Maharashtra and Madhya Pradesh. Haryana farmers, who are sitting on dharna in many parts of the state, have decided to block national highways and state highways for three hours on June 16. On the other hand, keeping in view the...
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