-Livemint.com The RBI norms towards targeted marginal lending for the small farmer is a structural solution to aid them—unlike bailout packages, which provide only short-term relief In its latest overhaul of priority sector lending rules, the central Bank has stipulated that lenders should funnel at least 8% of their credit to small and marginal farmers. While the overall agriculture loan growth has galloped over the past decade, the chart shows why...
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Bundelkhand—the worst place in India to be a farmer - Sayantan Bera
-Livemint.com How farmers in chronically drought-prone Bundelkhand made the rational choices to improve their lot and yet ended up in a debt trap Banda/New Delhi: “I have made up my mind. I cannot repay my loans. I cannot free my land. I will die,” Ram Bahadur Singh said, with a casual chuckle. The neighbours seated around did not react; after all, this was not the first time that the 52-year-old from...
More »If you want to help the farmer -Vani S Kulkarni, Katsushi S Imai and Raghav Gaiha
-The Indian Express As the toll of human misery and suicide mounts, official estimates of farm losses due to unseasonal rains and hailstorms in March remain controversial, with hasty downward revision. Since these estimates are largely notional, without validation from field visits, such revision smacks of deliberate fiddling. On March 24, the agriculture ministry reported that crops on 18 million hectares — about 30 per cent of the rabi crops —...
More »Pronab Sen, Chairman of National Statistical Commission (NSC), interviewed by Indivjal Dhasmana on the new gross domestic product (GDP) data series
-Business Standard As critics find fault in the new gross domestic product (GDP) data, National Statistical Commission (NSC) Chairman Pronab Sen, heading a committee to review the methodology of the new series, tells Indivjal Dhasmana much of the criticism is due to the lack of information about the methodology and sourcing of the new data. Edited excerpts: NSC has appointed a committee under you to review the new GDP data. Has it...
More »91 per cent Andhra Pradesh farmers are debt-laden -Bh. Ramakrishna
-Deccan Chronicle Hyderabad: Nearly 91 per cent of farmers in AP are debt-ridden. Unable to repay their debts to private moneylenders, farmers sometimes commit suicide, state Agriculture department statistics. This was informed to the AP Assembly too in the recent Budget Session by minister for agriculture P. Pulla Rao. Most of these farmers are tenants who number nearly 25 lakh. Of them, only 1.4 lakh get loans from Banks. Nationalised Banks, in...
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