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Debt weighing down farmers of cotton belt -Mohammad Ghazali

-Hindustan Times Mansa: As cases of suicide by farmers due to indebtedness continue to be reported in the district, there are hundreds of households in which children, who have lost their fathers, have inherited debt and accompanying distress. Ranjeet Singh, 35, a farmer from Kotdharmu village, ended his life in 2013 after he failed to repay the debt of his father who had been forced to incur it several years ago. His ailing...

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Wake up, smell the leakage -Ashok Gulati & Prerna Terway

-The Indian Express Substantial number of interest subvention scheme loans are diverted to non-agricultural uses. Government must switch to an income-support subsidy regime The Union budget for 2016-17 has provisioned Rs 15,000 crore on account of interest subvention for short-term agricultural credit, up by Rs 2,000 crore over the revised estimate for FY16. The mere shifting of this line item from the department of financial services to the department of agriculture...

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Farmers' conference demands law for guaranteed income -Vineet Kumar

-Down to Earth Participants voice concern on drought, farmers' suicide and water conservation, among other issues The three-day long Kisan Swaraj Sammelan held in Hyderabad (April 1 to 3) urged for the enactment of a Farmers’ Income Guarantee Act to ensure dignified earning levels for agricultural households among a host of other things. Organised by the Alliance for Sustainable and Holistic Agriculture, a group comprising 400 diverse organisations from across India, the...

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Punjab opens its heart - and purse - to farmers -Sanjeeb Mukherjee & Archis Mohan

-Business Standard Instead of addressing systemic problems in agriculture, farm politics in the state is about how much money the government can offer the farmer as a dole The Shiromani Akali Dal (SAD), led by Parkash Singh Badal and son Sukhbir, was in a dilemma a year before the 2012 Assembly elections in Punjab. The Akalis had ruled Punjab since 2007 but no party had ever returned to power for a second...

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Limited outreach of subsidised crop loan scheme among small & marginal farmers

The budgetary support to interest subvention scheme has increased by almost 14 times between 2006-07 and 2016-17. However, the much-touted subsidised short-term credit scheme provides little help to the small and marginal farmers, apart from tenant farmers. According to the Committee on Medium-term Path on Financial Inclusion, which submitted its report in December 2015, the interest subvention scheme suffers from 3 types of defects: i. Subsidised credit may not be...

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