-The Hindu Report concedes that farmers couldn’t buy seeds due to cash crunch. Millions of farmers in India were unable to buy seeds and fertilisers for their winter crops because of demonetisation, according to a report submitted by the Union Agriculture Ministry to the Parliamentary Standing Committee on Finance. This official acknowledgement of the impact of demonetisation comes on a day when Prime Minister Narendra Modi, speaking at a rally in Jhabua, Madhya...
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How to save Kisan Credit Cards from becoming an easy tool for money laundering -Sanganagouda Dhawalgi
-Financial Express Recently, former RBI Governor Raghuram Rajan cautioned the government that Kisan Credit Cards (KCC) can be a potential credit risk for the economy. Recently, former RBI Governor Raghuram Rajan cautioned the government that Kisan Credit Cards (KCC) can be a potential credit risk for the economy. Rajan’s caution be that as it may, one thing is certain that today KCC has become a tool in the hands of several...
More »Tribal farmers make a fortune cultivating gherkins -G Ashok Kumar
-The Hans India Yalal: Tribal farmers of Sangaigutta thanda in Muddaipet panchayat are making a fortune by indulging in gherkins’ cultivation under contract farming system. The farmers are earning at least Rs 50,000 in two months after deducting all expenses. The factory which encouraged the tribals to undertake contract farming supplies seeds, pesticides and fertilizers and lifts the gherkins at the farm gate by paying good price for the produce. It...
More »How Telangana supports farmers with Rs 4,000 for every acre they own -Sreenivas Janyala
-The Indian Express A look at the scheme Rythu Bandhu, seen by Arvind Subramanian as a template for agriculture policy. Hyderabad: A support scheme for farmers in Telangana has earned the appreciation of outgoing Chief Economic Advisor Arvind Subramanian, who spoke about it during an Idea Exchange interaction with The Indian Express journalists and then wrote in The Financial Express that it can be the template for social and agricultural policy. Called...
More »Fresh farm crisis brews in Maharashtra as banks tighten purse strings -Abhiram Ghadyalpatil
-Livemint.com Banks in Maharashtra have issued only 22% of the kharif season lending target of Rs43,342 crore till 27 June, said an official at the state department of cooperation Mumbai: Farm discontent is raising its head in Maharashtra yet again as banks remain tight-fisted on crop loans at the beginning of the sowing season, cancelling out the benefits of last year’s mega loan waiver. Banks in Maharashtra have issued only 22% of the...
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