-Down to Earth As farmers' protests demanding Loan waiver pick up across the country, there are other people who owe them huge amount of money: the insurance companies A year after the Union government launched the Pradhan Mantri Fasal Bima Yojana (PMFBY) and Restructured Weather-based Crop Insurance Scheme (RWBCIS) in April 2016 to enable farmers tide over chronic crop losses due to various calamities, it clearly emerges that the insurance companies,...
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Maharashtra farmers call bandh -Alok Deshpande
-The Hindu Deny Maharashtra Chief Minister’s claim that strike has been called off. Mumbai: Unanimously agreeing to continue the farmers’ strike in Maharashtra, a core committee meeting in Nasik on Sunday decided to call a State-wide bandh on Monday, excluding Mumbai. Farmers began their strike on Thursday demanding farm Loan waiver and support price for their produce. In a meeting with Chief Minister Devendra Fadnavis on Saturday morning, a section of farmer leaders...
More »Devendra Fadnavis waives farm loans of Rs 30,000 crore, but protests spread -Shubhangi Khapre & Parthasarathi Biswas
-The Indian Express Devendra Fadnavis said, “The Loan waiver, which will come into force by October 31, 2017, will be restricted to small and marginal farmers with land holdings of five acres.” Pune: In the face of spiralling protests across Maharashtra, Chief Minister Devendra Fadnavis on Saturday announced a farm Loan waiver of Rs 30,000 crore, the biggest such write-off for farmers in the state. But by afternoon, it was clear that...
More »Shame of unpaid debt a key reason for farmer suicides, finds study -Sayantan Bera
-Livemint.com The RBI-commissioned study listed faulty crop choices and aspirational consumption patterns as other major factors for farmer suicides New Delhi: Shame arising out of inability to repay loans taken from relatives and acquaintances is a key reason for farmers resorting to suicide, a study commissioned by the Reserve Bank of India (RBI) found. The study titled “Lives in debt: narratives of agrarian distress and farmer suicides”, conducted by researchers at Shiv Nadar...
More »Farm policy: Dis-ease of doing the business of agriculture -Pravesh Sharma
-The Indian Express As the Modi government completes three years, here are three potentially game-changing steps it could now take to harness the sector’s unrealised potential Amidst the predictable tidal wave of opinion pieces to mark the Narendra Modi government’s third anniversary, one little event last week squeezed its way into the inside pages of a few newspapers. This was a call for a “farm strike” in Maharashtra from June 1,...
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