-BusinessToday.in There is, however, no silver bullet solution to agrarian distress. It needs long-term planning and multi-pronged strategy. Agrarian distress has come to the centre stage of national discourse primarily because of last year's multiple farmers' marches and the electoral outcomes in the three Hindi heartland states of Rajasthan, Madhya Pradesh and Chhattisgarh. This augurs well for a sector which provides 49% of total employment and supports nearly 70% of population but...
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Rythu Bandhu scheme: Is RBS a panacea to loan waivers? -Kushankur Dey
-Financial Express With the 2019 Lok Sabha elections approaching, the government plans to offer a stimulus package in the form of agricultural Investment Support Scheme and group insurance to farmers, which could otherwise subsume the fumes of the farm loan waiver burden. Can the government consider Telangana’s Rythu Bandhu Scheme (RBS) on a scaled down version? RBS has a grant component of Rs 4,000 per acre per farmer for one season (kharif/rabi)....
More »After 10% quota, Govt plans basic income for poor, aid for farmers -Amitav Ranjan
-The Indian Express The 2017 Economic Survey had flagged the UBI scheme as “a conceptually appealing idea” and a possible alternative to social welfare programmes targeted at reducing poverty. With its legislation on a 10 per cent quota for the general category poor in jobs and education getting parliamentary backing in the run-up to the Lok Sabha elections, the BJP-led government is now exploring the possibility of providing direct benefit transfers...
More »An answer to rural distress -Ashok Gulati & Shweta Saini
-The Indian Express An income transfer policy combined with direct cash transfer is the best way to help the farmer Losses in the recent elections to the assemblies of Chhattisgarh, Madhya Pradesh and Rajasthan have given the BJP a jolt. The party had misjudged the gravity of the farm distress problem till then: The Union agriculture minister described farmer agitations as “political drama”. However, the party not only acknowledges the crisis...
More »Prof. Abhijit Sen, a former member of the erstwhile Planning Commission, interviewed by M Rajshekhar (Scroll.in)
-Scroll.in The former Planning Commission member explains why the country needs to tread carefully on this idea. On January 1, when Indian news agency ANI asked Prime Minister Narendra Modi about the government’s plans to reduce agrarian distress, he said loan waivers do not work as a very small segment of farmers take loans from banks. “A majority of them take loans from money lenders,” said Modi. “When governments make such announcements,...
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