-The Telegraph Singur, the potato bowl of Bengal, appears to have landed in trouble again. Not on account of unwilling farmers grieving over their lost assets, but on account of overproduction by the ones who didn't lose their land. Excess supply of the crop has pulled down prices, leading indebted farmers to slither down the precipice. According to media reports, matters have come to a dismal pass, with a section of...
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200 farmers committed suicide in Marathwada, says official
-PTI AURANGABAD: The total number of farmers who committed suicide during the last three months in the eight districts of Marathwada region has crossed 200, official sources said here today. The main reason behind taking the extreme step is bankruptcy due to loans which cannot be repayed due to crops destroyed by natural calamities. Notably, last year, 510 farmers ended their lives. As of 2015, families of 105 farmers who ended their lives,...
More »PM launches Mudra bank to ‘fund the unfunded’ small entrepreneurs
-Hindustan Times Prime Minister Narendra Modi on Wednesday launched the Mudra bank which will provide loans of up to Rs 10 lakh to small entrepreneurs including shopkeepers and beauty parlour owners, hoping that it will promote growth and create jobs. Short for Micro Units Development and Refinance Agency Bank, the financial institution will act as a regulator for micro-finance institutions (MFIs). Mudra Bank will have a corpus of Rs 20,000 crore, Modi said...
More »Unseasonal rains deepen distress and debt on farms -Sayantan Bera and Nikita Mehta
-Livemint.com The untimely rain is set to further affect stressed rural income because of a slump in commodity prices Mathura/New Delhi: Last Monday, towards the evening, Sahab Singh, a 58-year-old farmer, walked up to his small patch of land in Mathura district of western Uttar Pradesh. Frequent spells of untimely rain over the past month had him worried. Joined by his two sons, Singh picked up two stalks of wheat that had...
More »Tribal farmers of MP plough lonely furrow without govt help -Padma Shastri
-Hindustan Times Jhabua/Alirajpur: The poor tribal farmers ploughing the rocky surface of steep hillocks at a height of more than 700 feet in western Madhya Pradesh belie the state government's claims about making agriculture a profitable profession. Overcoming problems posed by the undulating terrain, rocks located barely six inches below the surface and the lack of irrigation facilities, the tribes people eke out a livelihood by growing maize, millet, urad, tuar and...
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