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Decoding Karnataka debt trap: Rise of a new breed of Private moneylenders -Sowmya Aji

-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...

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Farmers in the prime of life succumbing to ‘anxiety’ -Shankar Bennur

-The Hindu Inability to repay loans, and uncertain future taking a toll on young farmers Mysuru: Even as the disturbing trend of debt-ridden farmers ending their lives is turning chronic, most among them, at least in Mysuru district, were in their youth and had perhaps entered the vocation with much hope. At a time when youngsters are being encouraged to take up farming, the ongoing agrarian crisis in the State may drive them...

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Think tank report hints at diversion of cheap farm loans -Puja Mehra

-The Hindu Huge subsidy of 5 percentage points being leveraged. Pointing to a possible diversion of subsidised funds meant for farmers to non-agricultural uses, a research paper by the Indian Council for Research on International Economic Relations (ICRIER) has found that the crop loans extended in India are in fact close to exceeding the total expenditure on farm sector inputs. In 2012-13, the aggregate short-term credit — provided primarily to finance the purchase...

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Clouds of gloom -Niranjan Takle

-The Week Vagaries of the weather are not the only reason for Marathwada's agrarian crisis Three widows, two daughters and an overwhelming sense of grief occupy the house of the Palwes in Kekat Jalgaon in Paithan, Aurangabad. The house lost all its men there were three in the past three years. The Palwe widows, Yashoda, Chandrabhaga and Lakshmibai, and Yashoda's two daughters, Suman, 8, and Sarita, 6, live in a hut without...

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Debt, despair and death as farm crisis deepens -Sarbjit Dhaliwal

-The Tribune Grains Of Discontent: The damage to wheat crop due to untimely rain and hailstorm, followed by delayed payments, this rabi season has further stressed Punjab’s farmers. While the cost of farm inputs has risen manifold over the past few years, the profit margin is on a constant decline, thus making farming unviable. Unable to bear losses, several farmers have committed suicide in recent past As the day breaks, he enters...

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