Page 2 - Farm Loan Waivers

Loan waivers: Punjab farmers biggest gainers with Rs 2.2 lakh per account

Farmers in Punjab are the biggest beneficiaries of the enlarged credit flow to the rural sector through institutional mechanism, subsidised by the Centre, compared to their counterparts in other states which have announced debt wavier. On an average an account holder among Punjab farmers availed crop loans of around Rs 2.23 lakh in the first 11 months of 2016-17.Repayment of the short-term loan which is availed usually for a period of one year for most crops except for sugarcane becomes a problem if price fetched for the crop is abnormally low leading to mounting debts.According to data sourced from various banking channels including cooperative banks and regional rural banks, of the five major states which have announced waiver off crop loan schemes, credit penetration among most of them have shown an exponential rise in the last three years both in terms of number of account holders and also total credit availed as short-term crop loans.Term loan is usually less than crop loans ...

Farmers demand loan waiver as rally reaches Delhi, Centre says not yet

Sewa Ram from Morena in Madhya Pradesh lost his standing crop to low rains in the last two years, but didn't get a single penny from the government as compensation, he along with his fellow villagers decided to join the ongoing farmers' agitation hoping to put pressure on the government to waive farm loans. Ram was one of hundred others who had gathered in Delhi's Jantar Mantar on the conclusion of 13-day long farmers yatra which started from Mandsaur in Madhya Pradesh (the place where six farmers were shot dead in police firing last month). The yatra passed through six states and was supported by over 150 farmers' organizations. Protestors who have lost their farmlands to big irrigation projects also became part of the protests.A slew of opposition leaders including CPI(M) General Secretary Sitaram Yechury along with other members of Parliament including JD(U) leader Sharad Yadav, Raju Shetty, Tapan Kumar Sen, Dr Dharamvir Gandhi etc voiced their support."I take the pledge to fight ..

Farm loan waivers not easy to implement

Food processing and exports can help release some pressure, but these may take time to grow

Farm loan waivers to dent state finances, impact general govt debt: Fitch

Uttar Pradesh, Maharashtra, Punjab, and Karnataka have announced farm loan waivers

Farm loan waivers may cost up to Rs 2 lakh cr, banks to bear brunt: Report

Deterioration in credit culture is an added potential risk for banks says the report

Loan waivers to farmers will worsen fiscal deficit of state govts: Icra

Says loan waivers would crowd out pvt sector from accessing bond markets at competitive rates

With farm loan waivers, states' market debt in FY18 to exceed Centre's

In recent years, while Centre has pivoted to fiscal parsimony, state govts have turned the other way

Farm loan waivers threaten to derail state finances

Trend began after UP announced a farm loan waiver of Rs 36,000 cr & got stronger with Maharashtra

Statsguru: Tracking loan waiver policy

Total agricultural credit by scheduled commercial banks stood at Rs 15 lakh crore in FY17

India faces Rs 3 lakh cr farm loan waivers-16 times 2017 rural roads budget

loan waivers have led to a rise in non-performing assets of banks, especially public-sector banks

Cabinet clears subsidy, crop loans get cheaper

Farmers will get short-term debt at 4% interest; govt to bear Rs 20,339-cr expenditure

Letters: Avoid 'cowboy banking'

It is time the government prepared a robust framework to mitigate agricultural distress

Bank shares fall on farm loan waiver in Maharashtra

Shares of banks fell up to 4 per cent on Monday after the Maharashtra government decided to waive off farms loans of small and marginal farmers. Union Bank of India and Oriental Bank of Commerce were the top losers, slipping 4.5 per cent and 4.2 per cent, respectively. Canara Bank, Bank of India, Indian Bank, Allahabad Bank and Bank of Baroda were the other major losers, losing anywhere between 3.1 per cent and 3.9 per cent. The Nifty Bank index fell about 1 per cent to 23,470.The impact of the loan waivers will be felt more on public sector banks (PSBs) than their private sector peers. According to a note put out by Kotak Institutional Equities, Maharashtra has nearly Rs 4.2 lakh crore of agriculture loans (comprising 23 per cent of loans) and Rs 1.2 lakh farm loans (7 per cent of loans) with PSU banks holding nearly 52 per cent of total farm loans, followed by co-operative banks (32 per cent) and private banks (12 per cent). On Monday, Finance Minister Arun Jaitley met the chiefs ..

Farm loan waiver: Yogi Adityanath moves in to pre-empt stir over delay

Yogi Adityanath government is moving swiftly to translate the scheme on the ground

P Sainath: Govt not implementing Swaminathan Report, had promised to

It suggested an MSP including an extra 50% over and above the total expenses incurred on farming

Do states have fiscal space for farm loan waivers?

From a fiscal viewpoint, Maharashtra is better-placed than most states

Farm loan waivers to be 2% of GDP by 2019 polls: BofAML

This covers bank loans to farmers with up to 5 acres of land

Seeds of farm loan waiver take root again in political discourse

Uttar Pradesh govt announced Rs 36,000 crore farm loan waiver in April

Farmers' strike over loan waiver curbs milk, vegetable supply to Mumbai

Protesting farmers are demanding state to write off debts worth Rs 305 bn

Criticise us but grant loan waiver to farmers: Congress to CM Fadnavis

Opposition parties, including Congress and NCP, have been holding protests seeking farm loan waivers