-The Financial Express Punjab farmers would benefit if the state govt subsidised the adoption of appropriate technology and diversification of crops. The newly-elected government in Punjab is considering a Loan Waiver for farmers to reduce agrarian distress. According to the recent Situation Assessment Survey of Farmers (SASF), the average outstanding loan is nearly three times higher in Punjab compared with the rest of India (Rs 3.31 lakh versus Rs 1.22 lakh). Farmers...
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Agri-credit disbursement: Banks worry as states with most loans talk about waivers -Anil Sasi
-The Indian Express UP, Maharashtra, Punjab, Tamil Nadu account for 36% of total agri-lending in FY17 till December New Delhi: AMID EARLY signs of farmers in Maharashtra starting to default on their farm loans in anticipation of a waiver on the lines of the one announced in Uttar Pradesh, what is adding to the worries of banks and other lending institutions is that the four states where such waivers are under discussion...
More »Cong smells farm tax
-The Telegraph New Delhi: The Congress today alleged that the Narendra Modi government was testing the waters on bringing agricultural income within the tax ambit and declared its intention to build a movement of farmers if the idea was implemented. "This government is harassing industrialists, traders, students, political rivals... only one section of the society was left, that is farmers," Congress leader Ghulam Nabi Azad said. "The statements coming from important people in...
More »Decoding the Agony of the Indian Farmer -Nilanjan Banik
-TheWire.in Statistical analysis suggests that farmers in states that have amended the Agricultural Produce Market Committee Act are less likely to commit suicide, but further reforms are needed to reduce the incidence of farmer suicides across the country. Every summer, it is the same old story: drought and farmers committing suicide in India. Between 2012 and 2015, over 10,000 farmers killed themselves. Farmer suicides are a major cause of political contention, despite...
More »Crop loan recovery rates see sharp decline in Maharashtra -Abhiram Ghadyalpatil
-Livemint.com Farmers are already refusing to repay loans in Maharashtra, expecting a waiver in the works on the lines of that in Uttar Pradesh Mumbai: Would you bother to repay a loan if it was going to be written off anyway? Probably not. There’s no farm Loan Waiver in Maharashtra yet, but farmers are already refusing to repay loans as they expect a waiver in the works, officials in the state’s co-operative banking...
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