-The Indian Express In the absence of patience and vision, the loan waiver remains the most favoured response to farm distress Thousands of farmers from different parts of India marched to Delhi on November 29-30 to register their protest against the Narendra Modi government’s perceived apathy and neglect of farmers’ demands. They were basically demanding three things: One, debate in Parliament to discuss farm distress; two, one-time loan waiver; and three,...
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Why small, marginal farmers get just 40% of total agri credit -Rajalakshmi Nirmal
-The Hindu Business Line Loan waivers have made banks wary of them; beneficiaries are farm infra/services firms Every year the Centre announces an increase in the agri credit limit, but not even half of this reaches small farmers. Small farmers typically take small loans — of less than Rs. 2 lakh. RBI data show that in FY17, the share of loans of Rs. 2 lakh or less was just 40 per cent of...
More »Agriculture needs govt boost: Both PMFBY and PMKSY are flagging, revive them
-Financial Express While the government has reason to be pleased about the fact that the claims paid to farmers under the Pradhan Mantri Fasal Bima Yojana (PMFBY) have risen by around 50%, to Rs 15,181 crore in Kharif 2017 as compared to Rs 10,425 crore in Kharif 2016, what is worrying is the dip in both the number of farmers as well as land area covered by the scheme. More so...
More »Loan waivers derail Fasal Bima Yojana -Subhankar Mukherjee & Parthapratim Pal
-The Hindu Business Line Expectation of loan waiver causes farmers to stop payment against existing loans. They don’t buy insurance for the next season The Centre launched the Pradhan Mantri Fasal Bima Yojana (PMFBY) in January 2016. While crop insurance programmes in Indiahave been in place for more than four decades, interest among farmers about insuring their crops has been low, which is reflected in the modest coverage level. According to latest data...
More »Wheat price up but 'not enough'
-The Telegraph The 6.1 per cent hike in the MSP is expected to disburse a cumulative additional income of Rs 62,635 crore. New Delhi: The Centre has increased the minimum support price for wheat, the main rabi crop, by Rs 105 to Rs 1,840 per quintal (100kg), a day after police clashed with farmers demanding a higher support price and loan waivers. The 6.1 per cent hike in the MSP is expected to...
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