Farm debt shows little decline, but incomes rise by 12% per annum: Survey

The Nabard survey showed that in 2015-16, Telangana showed the highest incidence of indebtedness

Almost 53 per cent of agricultural households in India is under debt, a number which has not gone down by much between 2012-13 and 2015-16, a survey by the National Bank for Agriculture and Rural Development (Nabard), compared with the last Situational Assessment Survey of NSSO, showed, though the quantum of average loan per household rose by almost 122 per cent during the same period.

The Nabard survey released on Thursday also showed that the average income of Indian farmers grew at a compound rate of 12 per cent per annum between 2012-13 and 2015-16. 

This, if accurate, is more