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Modi govt to announce Rs 4,000 per acre direct transfer, crop loan at 0% in two-fold farm Relief; to cost Centre Rs 2.3 lakh crore -Anilesh S Mahajan & Rajeev Dubey

-BusinessToday.in DBT scheme draft requires states to share burden 70:30, but states are in no mood to bear the burden. Centre will likely announce direct benefit transfer (DBT) worth Rs 4,000 per acre per season plus interest-free crop loan up to Rs 1 lakh per farmer in an instant two-fold Relief to the farmers, sources in the know told BusinessToday.In. The initiatives will cost the Centre Rs 2 lakh crore towards DBT...

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Government may sow big scheme to weed out farm distress -Deepshikha Sikarwar

-The Economic Times With the general election a few months away, the central government has begun crunching the numbers in preparation for a comprehensive programme to help farmers tide over challenges posed by a dip in prices and dwindling incomes. The government is keen on a more substantive intervention than a loan waiver at the central level to alleviate agrarian distress besides stepping up investments in the sector, having concluded that writing...

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West Bengal: New schemes to provide Rs 2 lakh compensation for farmers' deaths, says Mamata Banerjee

-Scroll.in The chief minister said the ‘Krishak Bandhu’ schemes are expected to benefit over 72 lakh farmers in the state. West Bengal Chief Minister Mamata Banerjee on Monday announced schemes for farmers, months ahead of the 2019 Lok Sabha elections. Banerjee said that the state government will pay the premium on crop insurance schemes and will give farmers Rs 5,000 per acre annually, ANI reported. In case a farmer between the age of...

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Lifelines beyond farm loan waivers -Kirankumar Vissa

-The Hindu In addition to reforming the credit system, agriculture should be made profitable Rural agrarian distress is firmly at the centre of the national discourse today, triggered by the recent Assembly election results in the Hindi heartland as well as continuous farmer agitations in the past two years (picture). Just a month ago, the farmers’ march in Delhi highlighted the reality of their deprivation, anger and resolve. Quite remarkably, their presence...

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The safety net of the future -Pranab Bardhan

-The Indian Express Insecurity, more than poverty or indebtedness, is the key economic issue that politicians must address If social inequality is the most acutely felt social problem in India, insecurity, more than poverty, is the most acutely felt economic problem. While most measures suggest that only around one-fifth of the population today is under the official poverty line, large sections of those even much above that line are subject to...

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