Door-to-door and village-to-village surveys carried out by researchers of the Department of Economics and Sociology, Punjab Agricultural University, Ludhiana detected a total of 9,291 suicides that were committed by farmers in six districts of Punjab during the period from 2000 to 2018. Situated in the Malwa region of Punjab, which is known for cotton farming and the prevalence of cancer among its population, Sangrur (2,506) witnessed the highest number of...
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RBI lifts interest cap on microfinance institutions, bans usurious rates
-Business Standard Borrower cannot be charged any amount not been explicitly mentioned in a factsheet, says regulator. The Reserve Bank of India (RBI) on Monday released its final guidelines for microfinance loans, lifting an interest cap and allowing companies to have a board-approved policy to price for such lending. The RBI will continue checking that microfinance institutions do not charge usurious rates. The regulator said each entity has to disclose pricing related information...
More »Unable to access various state govt. schemes & benefits, many tenant farmers have committed suicides in Andhra Pradesh, reveals a new report
-Press release by Rythu Swarajya Vedika dated March 8, 2022 A new report on tenant farmers in Andhra Pradesh by Rythu Swarajya Vedika reveals how the denial of land owners' signatures on the Crop Cultivator Rights Cards is adversely affecting them. The Rythu Swarajya Vedika (RSV), a network of organizations and individuals working for the well-being and rights of farming community, released Part-1 of the report of its extensive study of tenant farmers...
More »Southern states had a higher proportion of indebted farm households in 2019, shows NSO survey
The Situation Assessment Survey of Agricultural Households and Land and Livestock Holdings of Households in Rural India (NSS 77th Round), which was released recently, informs one about farm households' income in the crop year 2018-19 and indebtedness in 2019 (as on the date of survey), among other things. Prior to the recent report, Land and Livestock Holding Surveys (LHS) and Situation Assessment Survey (SAS) of Agricultural Households used to be...
More »Banks red-flag: Loans to street vendors in pandemic turning NPAs -Sandeep Singh and Sunny Verma
-The Indian Express Launched in June to help vendors amid the pandemic, the PM SVANidhi scheme is a micro-credit facility that provides street vendors a collateral-free loan of Rs 10,000 at concessional rates of an estimated 7.25%. After being nudged by municipalities to step up loan disbursements under the PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) programme, banks are writing back to report that many of these collateral-free loans are turning into...
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