Farm loan waivers and making farmers financially strong

Published on by in Business

Farm loan waivers and making farmers financially strong

I fully agree with Ms Arundhati Bhattacharya Chairperson of State Bank of India, that farm loan waiver schemes must be avoided and other ways to help farmers must be found out to make them financially strong. Number of farmer suicides is increasing every year, as the farmers do not get adequate income from farm yields.  It looks the governments in India are not acting properly to help small and marginal farmers. Cost of farm inputs is increasing every year. Farmers do not have advanced accurate knowledge of whether, for which Government of India must arrange, so that they may properly plan their farming actions accordingly.   Small and marginal farmers do not get farm inputs at reasonable rates and after harvesting do not get proper cost of their products. The water use efficiency in India is only about 40 percent and India is among the nations having lowest yields per hectare land, in the world.  Union government and the state governments in India are not serious to help farmers so that they may economically become strong and loan waiver is not required for them. I thought after swearing in of Modi Govt. in year 21014, things will change. But it looks nothing has changed to help small and marginal farmers to make them economically strong. The Modi Govt. must give due weightage to the opinion of Ms Arundhati Bhattacharya Chairperson of State Bank of India.

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http://www.livemint.com/Politics/3qTKGC99QD1lh2ki8JgInN/Arundhati-Bhattacharya-says-farm-loan-waivers-upset-credit-d.html

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