-The Hindu NABARD to manage Rs. 77,000-cr. corpus for scheme. India’s apex rural-development bank will manage a Rs. 77,000-crore corpus as part of a Central government push to complete 99 unfinished irrigation projects across the country by 2019, and bring water to 76.03 lakh hectares. The contours of the scheme were first made public by Finance Minister Arun Jaitley in his Budget speech this February and involve finishing 149 projects overdue since...
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Agrarian distress: Farmer suicides and the collapse of cooperative credit institutions -Partha Sarathi Biswas
-The Indian Express The incidence of farmers taking their own lives is higher in regions where cooperative banks are the weakest. Nanded (Maharashtra): The verdant soyabean fields at Digras today are a far cry from the barren landscape they presented only a few months ago. But for residents of this village in Ardhapur taluka of Nanded district, the memories of drought in three out of the last four years will not fade...
More »Centre working to provide Farm loans in timely manner: Minister
-PTI New Delhi: The Centre is working to provide agriculture loans to farmers in a timely manner, Agriculture Minister Radha Mohan Singh said today. NABARD is creating groups of farmers and agriculture producers to provide them cheap loans from banks and till March-end, 2,424 producer groups were set up, he said. “The central government is working expeditiously to provide agriculture loans to farmers according to their needs and in a timely manner,” Singh...
More »'Drought, debt driving farmers out of their homes'
-Deccan Herald New Delhi: A large number of farmers in drought-affected states are debt-ridden and many are migrating from their villages, according to a survey by an NGO. According to ‘Lessons from Desolation: A Citizen’s Report on Impact of Drought and Learnings for Future,’ prepared by Action Aid, 40-65 % of the farmers in the drought affected states are indebted while 20 % have migrated to nearby towns and cities in search of...
More »31% rural households indebted, paying heavy interests despite various govt schemes: Panel -Iftikhar Gilani
-DNA Only 17% rural households take loans from financial institutions | Caste affiliation, gender play a part in getting credit As many as 31% of rural households in India are indebted and a significant number still depend on money-lenders, paying heavy interests, despite various government schemes and a network of rural banking. A parliamentary panel that probed the state of rural, agricultural banking found that a mere 17% rural household had taken...
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