-The Times of india Nearly a third of rural households and a quarter of urban ones are indebted according to a survey report released this week. This is understandable with the spread of credit facilities. But the scale of indebtedness revealed is astonishing: between 2002 and 2012, the average amount owed by each family has jumped seven times in cities and more than four times in rural areas. About 22% of urban...
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Farm Debt Curse Continues: NSSO
The agrarian crisis is far from over. Amidst news of farmers' suicide reported from parts of Telangana, Andhra Pradesh and Maharashtra, an official document released in December by the National Sample Survey Organisation states that nearly 52% of India's agricultural households were indebted during July, 2012 - June, 2013. The average amount of outstanding loan per agricultural household in India was Rs. 47000 (see link below). Based on a survey of...
More »More than 50% of farm households in debt -Rukmini S
-The Hindu NSSO survey across 35000 family units Nearly 90 per cent of India's farmers have less than two hectares of land, according to the most extensive survey of farm households to date conducted by the National Sample Survey Office (NSSO). The survey says the average farm household makes less than Rs. 6,500 a month from all sources of income. The NSSO released the findings from its 70th Situation of Agricultural Households in...
More »Nearly 52% agricultural households indebted, shows NSSO survey -Sayantan Bera
-Livemint.com The levels of debt are as high as 93% in Andhra Pradesh and 89% in Telangana New Delhi: Nearly 52% of agricultural households in India are indebted and levels of debt are as high as 93% in Andhra Pradesh and 89% in Telangana, shows key indicators from an NSSO (National Sample Survey Organisation) report released on Friday. The report, Situation Assessment Survey of Agricultural Households in India, is based on a countrywide...
More »Government taking 'speedy' measures to help farmers
-PTI NEW DELHI: Emphasising that ample credit to the tune of Rs 7 lakh crore flows in the agricultural sector every year, the government today said it is taking "speedy" measures to help farmers who are grappling with debt burden. "We will not let down our farmers," Minister of State for Finance Jayant Sinha told Lok Sabha during Question Hour. He said many steps have been taken to reduce debt burden as...
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