In relief for farmers, Kerala to waive farm loans up to ₹2 lakh
5 years, 6 months ago

In relief for farmers, Kerala to waive farm loans up to ₹2 lakh

Live Mint  

Bengaluru: The Kerala government on Wednesday approved a decision to increase the ceiling of farm loan debt eligible for waivers from ₹1 lakh to ₹2 lakh, in continuation of states offering budgetary support to farmers in distress, and culminating a long-pending demand from the public and the Opposition after the 2018 floods resulted in wide-scale damage on crops. The commission caters only to small farmers, whose annual income is less than ₹2 lakh, and has availed agricultural loans from cooperative banks. The government's move to increase the ceiling of farm debt waive-off amount to ₹2 lakh was first announced in March, but it was put on hold after running into tussles with the Election Commission over Code of Conduct in place for the Lok Sabha elections in May. The crisis for Kerala, still, is about to get sharper— a moratorium imposed on banks against recovery of farm credit is expected to end on 31 July, and the government's liaisons with Reserve Bank of India and state level banks to extend it until the year-end has not yet succeeded.

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History of this topic

Banks agree to restructure loans, halt recoveries of Wayanad landslide victims
4 months, 3 weeks ago

Banks agree to restructure loans, halt recoveries of Wayanad landslide victims

New Indian Express  

THIRUVANANTHAPURAM: In a special meeting of the State Level Bankers’ Committee on Monday, relief measures were approved for the landslide-affected residents of Wayanad, including loan restructuring and a suspension of recovery actions. The meeting, which included Chief Minister Pinarayi Vijayan, Chief Secretary V Venu, and the state heads of banks and insurance companies, focused on alleviating the financial burden on …

Telangana BJP Slams Congress for Incomplete Farm Loan Waiver
4 months, 4 weeks ago

Telangana BJP Slams Congress for Incomplete Farm Loan Waiver

Deccan Chronicle  

Hyderabad: The BJP charged that the Congress-led Telangana government had implemented the farm loan waiver for fewer than 29 lakh farmers while 74 lakh farmers were eligible for the scheme. The Congress government was celebrating the event by just releasing `17,000 crore as the farm loan waiver in three instalments, said Telangana BJP general secretary Gujjula Premender Reddy addressing a …

Third phase of crop loan waiver to be launched in Telangana's Wyra
5 months, 1 week ago

Third phase of crop loan waiver to be launched in Telangana's Wyra

New Indian Express  

HYDERABAD: Agriculture Minister Thummala Nageshwara Rao said that the government is planning to release the third tranche of funds for the crop loan waiver scheme on August 15. Speaking to reporters at the Secretariat on Tuesday, the minister also said that there is a plan to hold a public meeting on August 15 in Wyra of Khammam district where Chief …

Telangana: Farmers Elated Over 2nd Phase of Loan Waiver
5 months, 2 weeks ago

Telangana: Farmers Elated Over 2nd Phase of Loan Waiver

Deccan Chronicle  

NIZAMABAD: A festive atmosphere prevailed across the Nizamabad district as farmers celebrated the second phase of crop loan waiver under which loans from Rs 1 lakh to Rs 1.5 lakhs will be waived by the state government on Tuesday. Collector Rajiv Gandhi Hanumanthu, along with farmers in the presence of elected representatives, formally launched the second phase of the scheme …

Rs 2 Lakh Farm Loan Waiver Is the Biggest Welfare Programme in the Country, Claims IT and Industries Minister D Sridhar Babu
5 months, 3 weeks ago

Rs 2 Lakh Farm Loan Waiver Is the Biggest Welfare Programme in the Country, Claims IT and Industries Minister D Sridhar Babu

Deccan Chronicle  

Hyderabad: The farm loan waiver of Rs 2 lakh by the Congress government in Telangana is the biggest welfare programme in the country. The farm loan waiver started two days ago with deposits of Rs 1 lakh into the bank accounts of farmers and another Rs1 lakh would be deposited within a month, said IT minister D. Sridhar Babu. Laying …

Telangana Dy CM asks banks to utilise funds released for crop loan waiver for the intended purpose
5 months, 4 weeks ago

Telangana Dy CM asks banks to utilise funds released for crop loan waiver for the intended purpose

The Hindu  

As the first phase of the prestigious Crop Loan Waiver Scheme 2024 for waiver of loans up to ₹1 lakh got underway in Telangana on Thursday, Deputy Chief Minister Mallu Bhatti Vikramarka has exhorted bankers to utilise the funds released by the Government for the intended purpose. The Government is committed to implement its promise of crop loan waiver to …

Telangana Government to credit ₹1 lakh into loan accounts of farmers under Crop Loan Waiver Scheme 2024
5 months, 4 weeks ago

Telangana Government to credit ₹1 lakh into loan accounts of farmers under Crop Loan Waiver Scheme 2024

The Hindu  

As the stage is being set for the roll put of the crop loan waiver scheme, Telangana Government is making necessary arrangements to credit the amounts into loan accounts of farmers in different banks. ₹31,000 crore additional burden The total additional burden on the State exchequer on account of loan waiver up to ₹2 lakh, in Chief Minister A. Revanth …

Debt relief commission a necessity across India
5 months, 4 weeks ago

Debt relief commission a necessity across India

New Indian Express  

True to its word, the Congress government in Telangana has begun waiving crop loans, with over 11 lakh farmers getting relief of up to Rs 1 lakh on Thursday. It is a bold move by Chief Minister A Revanth Reddy to waive loans in such a short span, unlike the previous BRS government that did it in phases between 2014 …

Will waive farm loans and complete pending projects soon: Uttam Kumar Reddy
6 months ago

Will waive farm loans and complete pending projects soon: Uttam Kumar Reddy

The Hindu  

Irrigation Minister N. Uttam Kumar Reddy reiterated that the Congress government in Telangana would waive off the crop loans up to ₹2 lakh by August 15 at any cost while assuring that the government was committed to completing all pending irrigation projects with minimal investment to increase the ayacut. He criticised the previous BRS regime for wasting public money on …

Kerala Assembly: Opposition attacks govt over failure to mitigate agrarian distress due to climate change, stages walkout
6 months ago

Kerala Assembly: Opposition attacks govt over failure to mitigate agrarian distress due to climate change, stages walkout

The Hindu  

The plight of farmers plagued by the vagaries of weather exacerbated by climate change dominated the Kerala Assembly during Zero Hour on July 9. The debate culminated in a walkout by the Congress-led United Democratic Front Opposition legislators who sought to punish the government for allegedly lacking a credible climate-change mitigation plan, financial resources, or political will to provide immediate …

Over ₹13 crore funds needed to support farmers in drought-affected areas of Nellore, says Collector
6 months, 3 weeks ago

Over ₹13 crore funds needed to support farmers in drought-affected areas of Nellore, says Collector

The Hindu  

A team appointed by the Central government reached Nellore on Wednesday morning, to assess the drought situation in the district. Speaking to the media later, Mr. Narayanan stated that ₹13.35 crore is needed to support affected farmers across the ten drought zones. He urged the Central team to provide financial assistance while apprising them of the severe drought conditions in …

Drought relief: Karnataka govt to pay ₹3,000 each to small and marginal farming families
8 months ago

Drought relief: Karnataka govt to pay ₹3,000 each to small and marginal farming families

Hindustan Times  

The Karnataka government, for the first time, has decided to pay ₹3,000 each to 16 lakh agricultural families involved in small and marginal farming to compensate for the loss of their livelihood due to drought, Revenue Minister Krishna Byre Gowda said on Thursday. Drought relief: Karnataka govt to pay ₹ 3,000 each to small and marginal farming families With the …

Implement farm loan waiver, 7 other vows by Aug. 15 or quit: Harish Rao to CM
8 months, 3 weeks ago

Implement farm loan waiver, 7 other vows by Aug. 15 or quit: Harish Rao to CM

The Hindu  

Senior BRS leader and former minister T. Harish Rao accepted the challenge thrown by Chief Minister A. Revanth Reddy and offered to quit as an MLA and not to contest the byelection if the latter implemented ₹2 lakh farm loan waiver in full and the other guarantees by August 15. Speaking in Sangareddy, after participating in the nomination paper filing …

Nearly 21 lakh beneficiaries in Chennai, nearby districts, covered under cash relief disbursal
1 year ago

Nearly 21 lakh beneficiaries in Chennai, nearby districts, covered under cash relief disbursal

The Hindu  

The disbursement of flood relief amount in cash has covered nearly 21 lakh beneficiaries in Chennai and parts of three neighbouring districts. This will be done separately, says a government official, adding that “we have ensured the payment of relief only after bio-metric verification of the beneficiaries.” Meanwhile, the Madras High Court’s suggestion of Direct Benefit Transfer only through bank …

Karnataka Farmers to Benefit from Interest Waiver on Loans in Drought Crisis
1 year ago

Karnataka Farmers to Benefit from Interest Waiver on Loans in Drought Crisis

Deccan Chronicle  

Belagavi: In response to the severe drought situation plaguing the state, the Karnataka government has assured a significant relief measure for farmers by waiving off the interest on medium and long-term loans. "In the wake of the drought in the state, our government has decided to waive off the entire interest for farmers who have availed loans from cooperative banks, …

Karnataka Drought: SLBC urged to restructure loan repayment period
1 year, 1 month ago

Karnataka Drought: SLBC urged to restructure loan repayment period

Deccan Chronicle  

Belagavi: Agriculture Minister, N Chaluvaraya Swamy, on Tuesday said that the State Level Bankers Committee has been asked to restructure loan repayment periods in light of the prevailing drought conditions in the state. Responding to a calling attention motion presented by MLC K Govindaraj, Minister Swamy stated, "The SLBC has been directed to restructure the repayment duration of crop loans …

Banks cautioned against loan recovery from farmers
1 year, 1 month ago

Banks cautioned against loan recovery from farmers

The Hindu  

Banks in Mysuru district were instructed to desist from loan recovery from farmers given the prevailing drought in the region. Rajendra said that all taluks of Mysuru district were drought-affected and hence the banks should not issue notice on loan recovery to the farmers even if there were defaulters. “It is a sensitive issue and though loan recovery is important, …

Karnataka farmers have suffered loss of Rs 30,000 cr due to drought this year: CM Siddaramaiah
1 year, 3 months ago

Karnataka farmers have suffered loss of Rs 30,000 cr due to drought this year: CM Siddaramaiah

India TV News  

Karnataka Chief Minister Siddaramaiah stated on Sunday that the farmers in the state have suffered a total loss of Rs 30,000 crore due to drought this year. As per the National Disaster Response Fund norms, we have sought Rs 4,860 crore from the Union government and the Central team has visited the drought-hit areas," Siddaramaiah said addressing people during the …

Himachal Pradesh exploring interest-subvention facilities for borrowers affected by natural calamities: Sukhvinder Singh Sukhu
1 year, 4 months ago

Himachal Pradesh exploring interest-subvention facilities for borrowers affected by natural calamities: Sukhvinder Singh Sukhu

The Hindu  

Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu on Friday said the State Level Bankers Committee in consultation with the Reserve Bank of India would be exploring the possibility of setting up interest-subvention facilities for borrowers affected by natural calamities. “In the wake of hardships faced by borrowers in areas ravaged by unprecedented monsoon rains triggering flash floods and landslides, the …

Farmers Rap BRS at Outreach Event
1 year, 5 months ago

Farmers Rap BRS at Outreach Event

Deccan Chronicle  

Hyderabad: Taking a cue from the Opposition on holding the government to task, farmers in several villages left BRS leaders red-faced by confronting them about their failure to fulfil the RS 1 lakh loan waiver, as the 10-day farmer outreach programme of the state government kicked off on Monday. They held the BRS government responsible for banks declaring nearly 20 …

Changing weather patterns and easy microfinance loans push women farmers in Maharastra into debt cycle
1 year, 8 months ago

Changing weather patterns and easy microfinance loans push women farmers in Maharastra into debt cycle

The Hindu  

For a few years now, each time Sunita Uike takes a loan, she promises herself it will be the last one. In Vidarbha, the epicentre of India’s agrarian crisis with thousands of farmers dying by suicide over the last two decades, changing weather patterns and easy access to microfinance loans are creating a new crisis: pushing women farmers into an …

Jagan releases Rs 200 crore input subsidy to 8.68 lakh farmers
2 years, 1 month ago

Jagan releases Rs 200 crore input subsidy to 8.68 lakh farmers

Deccan Chronicle  

Vijayawada: Chief Minister Y.S. Jagan Mohan Reddy released Rs 200 crore to benefit 8.68 lakh farmers towards input subsidy and zero interest rate loans, into their bank accounts at the press of a button, reiterating his commitment for welfare of farmers in the state. Maintaining that their government initiated a new practice to provide input subsidy to the affected farmers …

Farmers’ plight takes centre stage in Odisha byelection
2 years, 1 month ago

Farmers’ plight takes centre stage in Odisha byelection

The Hindu  

Farmers’ plight took the centre stage in the coming Padmapur byelection as Odisha Chief Minister Naveen Patnaik Naveen Patnaik on Tuesday announced input assistance of about ₹200 crore for the drought-affected areas of the State. “So far, many of the affected farmers have not yet received their crop insurance dues despite continuous follow-up and pursuance by the State government with …

Only 50% farmers benefited from farm loan waivers, finds study
2 years, 5 months ago

Only 50% farmers benefited from farm loan waivers, finds study

The Hindu  

Only about half of the intended beneficiaries of farm loan waivers announced by nine States since 2014, have actually received debt write-offs, as per a study by State Bank of India’s researchers. By contrast, farm loan waivers implemented by Chhattisgarh in 2018 and Maharashtra in 2020, were received by 100% and 91% of the eligible farmers, respectively. “Since 2014, out …

Telangana govt creating problems to farming sector, says Congress
2 years, 9 months ago

Telangana govt creating problems to farming sector, says Congress

Deccan Chronicle  

Jagtial: The Telangana government is creating serious problems to the farming sector in the state and trying to deceive the farmers with a promise of waiving of farm loan above Rs 75,000, Congress leader and MLC Jeevan Reddy said on Monday. Because of the warning given by the TRS government to farmers against cultivating paddy crop, more than 50 per …

Farm loans: Rajasthan sends proposal to banks for one-time loan waiver scheme
3 years ago

Farm loans: Rajasthan sends proposal to banks for one-time loan waiver scheme

Hindustan Times  

JAIPUR: Rajasthan chief minister Ashok Gehlot on Monday said a proposal has been sent to the banks to provide relief to the poor farmers by bringing a one-time loan waiver scheme for a waiver of crop loans of nationalised banks. Rajasthan chief minister Ashok Gehlot said the state government will give relief to poor farmers by bringing a one-time scheme …

Committed to cover all farmers in State under loan waiver scheme: Maharashtra Government
3 years ago

Committed to cover all farmers in State under loan waiver scheme: Maharashtra Government

The Hindu  

The Maharashtra Government on Friday told the Legislative Assembly that it was committed to cover all the farmers in the State under its loan waiver scheme, saying its implementation took a backseat due to the COVID 19 pandemic. Replying to a discussion on the issue during the Question Hour, Deputy Chief Minister Ajit Pawar said that ₹31.81 lakh farmers are …

Ahead of polls, Punjab govt announces to waive farmers’ loans up to Rs 2 lakh
3 years ago

Ahead of polls, Punjab govt announces to waive farmers’ loans up to Rs 2 lakh

India TV News  

Ahead of the upcoming Assembly elections in the state, the Congress government in Punjab has announced to waive off loans of up to Rs 2 lakh for around 1.09 lakh small and marginal farmers, who own land up to five acres. "The Punjab government has decided to waive loans of farmers who have loans upto Rs 2 lakh on their …

BJP protests in farms over paddy procurement, payment to farmers
3 years, 6 months ago

BJP protests in farms over paddy procurement, payment to farmers

Hindustan Times  

Bharatiya Janata Party workers and leaders led by state president Deepak Prakash demonstrated in agriculture fields across the state, accusing the government of failing farmers by not procuring enough paddy and delay in payment against paddy procurement. HT Image Several members of Parliament, MLAs and senior office bearers of the party joined the protest in their respective constituencies on Friday, …

Top news of the day: Public sector banks to lend up to ₹5 lakh for COVID-19 treatment; Monsoon arrival in Kerala delayed to June 3, and more
3 years, 7 months ago

Top news of the day: Public sector banks to lend up to ₹5 lakh for COVID-19 treatment; Monsoon arrival in Kerala delayed to June 3, and more

The Hindu  

Individuals including salaried, non-salaried and pensioners can avail unsecured personal loans from ₹ 25,000 to ₹ 5 lakh to meet COVID-19 treatment. Addressing party workers virtually on the seventh anniversary of the Narendra Modi dispensation at the Centre, the BJP chief said all party MPs, ministers and MLAs will serve people in at least two villages following COVID-19 protocols and …

Jharkhand Govt Waives Farm Loans of Up to Rs 50,000; 9 Lakh to Benefit
4 years ago

Jharkhand Govt Waives Farm Loans of Up to Rs 50,000; 9 Lakh to Benefit

News 18  

The Hemant Soren government in Jharkhand waived farm loans of up to Rs 50,000, benefitting around 9 lakh farmers of the state, officials said on Thursday. The ruling coalition had promised to waive farm loans of up to Rs 2 lakh, ahead of the assembly elections last year, if voted to power. Finance Minister Rameshwar Oraon of Congress told PTI …

MP Govt Says Farm Loans of over 26 Lakh Farmers Waived off, Kamal Nath Calls It a Lie
4 years, 3 months ago

MP Govt Says Farm Loans of over 26 Lakh Farmers Waived off, Kamal Nath Calls It a Lie

News 18  

The BJP government in Madhya Pradesh submitted a reply in the state Assembly on Monday stating that farm loans of more than 26 lakh farmers had been waived off as part of the Jai Kisan waiver scheme so far. Replying to a query by former Congress minister Jaivardhan Singh, state agriculture minister Kamal Patel submitted a written reply with details …

Farmers Driven to Debt as Banks Turn Risk-averse During Covid-19 Pandemic
4 years, 4 months ago

Farmers Driven to Debt as Banks Turn Risk-averse During Covid-19 Pandemic

News 18  

Last month, Dnyaneshwar Siddhanth, a farmer from Maharashtra, was in desperate need of money to buy seed and fertiliser as the monsoon sowing season approached. Amid India’s worst economic slowdown in decades due to the novel coronavirus pandemic, millions of farmers like Siddhanth are being shunned by banks as lenders turn cautious due to rising bad loans. If the crops …

Government positive about loan waiver above Rs 2 lakh, says Ajit Pawar
4 years, 11 months ago

Government positive about loan waiver above Rs 2 lakh, says Ajit Pawar

India TV News  

Maharashtra Deputy Chief Minister Ajit Pawar said on Friday that the state government was positive about waiving farm loans above the limit of Rs 2 lakh. The loan waiver scheme announced by the Shiv Sena-NCP-Congress government after coming to power last year has a cap of Rs 2 lakh. "The government has given loan waiver to farmers whose dues were …

Govt. tells Collectors, banks to ensure transparent loan waiver
5 years ago

Govt. tells Collectors, banks to ensure transparent loan waiver

The Hindu  

Chief Minister Uddhav Thackeray on Friday instructed banks and District Collectors to ensure that only crop loans of farmers are waived under the Mahatma Phule farm loan waiver scheme and no other loan is added to the list. According to sources within the Chief Minister’s Office, the directions were issued to ensure transparency, anticipating the possibility of banks including other …

Uddhav Thackeray-led Maharashtra govt says farmers whose crop loan exceed Rs 2 lakh ineligible for loan waiver scheme
5 years ago

Uddhav Thackeray-led Maharashtra govt says farmers whose crop loan exceed Rs 2 lakh ineligible for loan waiver scheme

Firstpost  

Farmers whose crop loan, taken between April 2015 and March 2019, is more than Rs two lakh, will not be eligible for the loan waiver scheme announced by the Uddhav Thackeray-led ‘Maha Vikas Aghadi’ government in Maharashtra last week Mumbai: Farmers whose crop loan, taken between April 2015 and March 2019, is more than Rs two lakh, will not be …

Maharashtra CM waives farm loans of up to ₹2 lakh
5 years ago

Maharashtra CM waives farm loans of up to ₹2 lakh

Live Mint  

New Delhi: Chief Minister Uddhav Thackeray-led alliance government in Maharashtra on Saturday announced a loan waiver of upto ₹two lakh for farmers, with a cut off date of 30 September this year. The scheme under which the loans are being given is called "Mahatma Jyotirao Phule loan waiver scheme". The scheme will be called Mahatma Jyotirao Phule loan waiver scheme," …

Rahul Gandhi urges RBI to extend moratorium on Kerala farm loans
5 years, 5 months ago

Rahul Gandhi urges RBI to extend moratorium on Kerala farm loans

Live Mint  

Former Congress chief and Wayanad MP Rahul Gandhi, here on Wednesday, urged Reserve Bank of India Governor Shaktikanta Das for extension of moratorium on repayment of crop loans in Kerala in the wake of flood. The Congress leader said, the state-level bankers' committee has refused to consider the demand of the state government and the opposition parties to extend the …

Over 12,000 Maharashtra farmers committed suicide in 3 years: Government
5 years, 6 months ago

Over 12,000 Maharashtra farmers committed suicide in 3 years: Government

India Today  

More than 12,000 farmers have committed suicide in Maharashtra between 2015 and 2018, the Legislative Assembly was informed on Friday. Out of the total 12,021 farmer suicides during the three-year period, 6,888 cases were found to be eligible for government aid after scrutiny by district-level committees, Relief and Rehabilitation Minister Subhash Deshmukh told the House in a written reply. Between …

Noisy scenes in Kerala Assembly over farmer suicides; Congress-led UDF stages walkout over demand for loan waiver
5 years, 7 months ago

Noisy scenes in Kerala Assembly over farmer suicides; Congress-led UDF stages walkout over demand for loan waiver

Firstpost  

Thiruvananthapuram: The Congress-led United Democratic Front on Monday created a ruckus in the Kerala Assembly over farmer suicides and urged the Pinarayi Vijayan government to waive agricultural loans on the lines of the Congress-ruled states of Madhya Pradesh and Chhattisgarh. The CPM-Left Democratic Front government said they were working out a plan to waive farm loans up to Rs 2 …

Farmers suicide: Relief issue should be raised in Parliament, says Pinarayi Vijayan
5 years, 7 months ago

Farmers suicide: Relief issue should be raised in Parliament, says Pinarayi Vijayan

India TV News  

Kerala Chief Minister Pinarayi Vijayan said the issue of providing relief to the families of farmers, who committed suicide over failure to repay bank loans, needs to be raised in Parliament. The Union government needs to take a stand regarding the agricultural loans taken by farmers from commercial banks, he said on Friday in a reply to the letter written …

Kottayam: Counselling for loan defaulters
5 years, 10 months ago

Kottayam: Counselling for loan defaulters

Deccan Chronicle  

KOTTAYAM: The agriculture department has decided to give counselling to the loan defaulters in Idukki district in the wake of the series of suicides by farmers. At least eight farmers have committed suicide this year allegedly due to the eviction procedures initiated by the banks against the loan defaulters. Though we requested the banks in the district to provide us …

Farmers, middle-class households get relief
5 years, 11 months ago

Farmers, middle-class households get relief

Live Mint  

Middle-class households burdened with debt and farmers struggling with low prices of farm produce got some relief on Thursday with the Reserve Bank of India lowering the benchmark interest rate by 25 basis points while raising the limit of collateral-free farm loans. The central bank’s monetary policy committee cut the repo rate, or the interest rate at which RBI lends …

Rajasthan begins implementing farm loan waiver; cultivators to get relief for sums borrowed from cooperative, development banks
5 years, 11 months ago

Rajasthan begins implementing farm loan waiver; cultivators to get relief for sums borrowed from cooperative, development banks

Firstpost  

The Rajasthan government on Thursday started conducting camps at all the district headquarters for waiving off loans of farmers Jaipur: The Rajasthan government on Thursday started conducting camps at all the district headquarters for waiving off loans of farmers. “Congress president had promised the loan-waiver to farmers and the decision of loan waiver was taken within two days of the …

Rahul Gandhi’s farmer loan waiver lie exposed: Amidst severe outrage farmers threaten ‘mass suicide’ over fake loans in Madhya Pradesh
5 years, 11 months ago

Rahul Gandhi’s farmer loan waiver lie exposed: Amidst severe outrage farmers threaten ‘mass suicide’ over fake loans in Madhya Pradesh

Op India  

Kamal Nath led Congress government’s promise in Madhya Pradesh, to waive-off farms loans under Jai Kisan Rin Mukti Yojana has turned out to be a debacle. — Rahul Gandhi December 19, 2018 Amidst what can be seen as a massive loan-waiver scam brewing in the state, the farmers have now, threatened to commit ‘mass suicide’ after their names appeared on …

'Govt luring farmers with peanuts': Union Budget allocation gets lukewarm response from agrarian sector
5 years, 11 months ago

'Govt luring farmers with peanuts': Union Budget allocation gets lukewarm response from agrarian sector

Firstpost  

Several farmers said after Finance Minister Piyush Goyal finished presenting this government’s last budget that it had not swayed them to vote for Narendra Modi’s BJP. Mumbai: “Peanuts” was how one rural politician described a 6,000 rupee yearly handout to small farmers promised in Friday’s budget as Indian Prime Minister Narendra Modi tries to secure the support of rural voters …

Job quotas, loan waivers and now UBI promise: Will Union Budget 2019 halt wave of populist announcements?
5 years, 11 months ago

Job quotas, loan waivers and now UBI promise: Will Union Budget 2019 halt wave of populist announcements?

Firstpost  

A series of populist policies may help the politicians to win elections but they are certainly doing a disservice to the nation in the long-term. Ahead of the 2019 Union Budget, speculations are rife in the media on what’s likely to be the trump card of the Narendra Modi government in its final Budget, which is also a pre-election Budget. …

Another farmer loan waiver scam? Rs 120 crore non-existent farm loans ‘waived off’ in Madhya Pradesh
5 years, 11 months ago

Another farmer loan waiver scam? Rs 120 crore non-existent farm loans ‘waived off’ in Madhya Pradesh

Op India  

The curious case of nonexistent farm loans being waived off in Madhya Pradesh has come to the fore. As the process of granting farm loan waivers is initiated, farmers, who had not even taken loans, started appearing in the list of debtors whose loans are being waived off by the government. In the run-up to the Madhya Pradesh assembly elections, …

Farm loan waivers against economic principles: ADB India
6 years ago

Farm loan waivers against economic principles: ADB India

Live Mint  

New Delhi: Joining the debate on farm loan waivers, Asian Development Bank Country Director Kenichi Yokoyama Friday said such write-offs were against economic principles and cannot effectively address India’s agrarian distress. On farm loan waiver, he said most of the people are sceptical about it as an economic principle and has moral hazards. “There is a need to address agriculture …

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