tag:blogger.com,1999:blog-3778570096826367144.post4859571368145889616..comments2024-03-28T16:09:44.638+05:30Comments on Ground Reality: Are banks and micro-finance responsible for farmer suicides?Devinder Sharmahttp://www.blogger.com/profile/05867902048509662981noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-3778570096826367144.post-56791537016077265572009-06-17T07:40:14.359+05:302009-06-17T07:40:14.359+05:30PSU banks provide rural credit to the tune of 7%. ...PSU banks provide rural credit to the tune of 7%. About 800 million people are supposed to avail this 7%. Pranab Dada proudly announces it will be stepped up by 16% this year. That is from 7% to 8%. What a quantum jump! Farmers are to furnish about 20 documents to get this loan. If a farmer applies for khrif crop, he may get it in rabi season provided the private moneylender allows him to live till such time. <br /> <br />Contrast this with the urban scene. 93% of PSU banks' credit is enjoyed by about 100 million lucky people. You just drop a hint to your office peon that you want to dispose off the old car and get a new one. Next day your mobile phone will never stop ringing. With zero initial payment and without even the documentation, new car will be delivered in your office on that day itself. If you need bank loan for BMW, there will be a law and order problem in front of your office. Your watchman will have a tough time to control the army of Bank officers, insurance agents, NBFCs etc.<br /> <br />Crops may wilt and farmers may commit suicide. But car loan cannot wait even for a day.<br /> <br />Free market stalwarts, merit champions and reform pundits claim India is on the march. The mute question is which India?<br /> <br />Jai kissan.<br /> <br />PSN.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3778570096826367144.post-54451071917270786222009-06-16T17:01:36.608+05:302009-06-16T17:01:36.608+05:30Why can't all the AID chapters allocate $1000 ...Why can't all the AID chapters allocate $1000 minimum for organic seed for Vidarbha widows and orphans - for food crops? That way, people won't starve and they might start their own seed growing and share the seeds - for free - to other areas. The widows and orphans would be helped and would help others, strengthening the communities. <br /><br /><br />AID could also allocate another $1000 for 1% loans for farmers in Maharashtra to be handled by Tiwari. Only requirements are the inputs be organic and the 1% could be fulfilled by bringing seed to Tiwari to give out to other farmers.<br /><br /><br />LinnAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3778570096826367144.post-44662476703678476392009-06-16T10:42:14.144+05:302009-06-16T10:42:14.144+05:30devendraji,
I am very much disturbed with credit a...devendraji,<br />I am very much disturbed with credit and cost issue being not addressed with proper regulator and time bound solution ,I am sending your posting to all so called agararian or rural economy experts,<br />As VJAS ,we r indebted for your concern,<br />regards,<br />kishore tiwariVIDARBHA FARMER SUICIDEhttps://www.blogger.com/profile/17650709671110496969noreply@blogger.com