-PTI NEW DELHI: The government will on priority distribute nearly 27 million tonnes of wheat it procured this year under the relaxed quality norms through ration shops, welfare schemes and open market sales. The Food Corporation of India (FCI) procured 28.08 million tonnes of wheat this year, of which 26.62 million tonnes was purchased under the relaxed quality norms because the crop got damaged due to unseasonal rains early this year. FCI generally...
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How loan sharks pull poor farmers into a debt trap -Naheed Ataulla & Anand J
-The Times of India As crops fail, banks don't deliver and the government falters, Mandya's farmers find themselves at the mercy of unscrupulous moneylenders Chenne Gowda has a Rs. 4 lakh albatross around his neck. The 55-year-old sugarcane farmer from Chikka maralli village in Pan davapura taluk, Mandya district, took the loan from private moneylenders but has no idea how he'll repay. His crop, on two acres, is wilting in the field...
More »Too poor to qualify for loans -Mehboob Jeelani
-The Hindu Banks continue denying loans to low-income groups, insisting on sticking to a standard EMI route even though they are dealing with a complex social issue. In July 2012, Pradeep Kumar, a 36-year-old resident of Ladpur, a shanty town that sits on the north-western periphery of Delhi, applied for an employment loan at the magistrate’s office in Kanjawala district. Under the Pradhan Mantri Rozgar Yojana or PMRY — a funding policy...
More »Full NFSA roll-out not in this fiscal -Sandip Das
-Financial Express The countrywide roll-out of the much-touted National Food Security Act (NFSA) seems unlikely even this fiscal, with a clutch of major states including Uttar Pradesh, Tamil Nadu and Gujarat seeking more time to finalise and digitise the beneficiary lists and complete end-to-end computerisation of the public distribution system (PDS). The countrywide roll-out of the much-touted National Food Security Act (NFSA) seems unlikely even this fiscal, with a clutch of major...
More »Not yet one market
-Business Standard Agricultural marketing reform should first take states on board The Cabinet Committee on Economic Affairs (CCEA) has announced plans for a "national agricultural market" which would involve the integration of 585 major regulated mandis through electronic platforms over three years. Several problems in the current farm marketing system, governed by the monopolistic agricultural produce marketing committees (APMCs), might be addressed if this works: the multiplicity of mandi fees and licences...
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