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Farm loan waivers kill credit culture, says former RBI Governor Raghuram Rajan

Farm loan waivers kill credit culture, says former RBI Governor Raghuram Rajan

Tue, Mar 26, 2019

Raghuram Rajan is currently the Katherine Dusak Miller Distinguished Service Professor of Finance at the University of Chicago's Booth School of Business in the US.

Congress to offer comprehensive farm loan waiver, may cost Rs 2 lakh crore

Congress to offer comprehensive farm loan waiver, may cost Rs 2 lakh crore

Fri, Feb 22, 2019

The Congress will give a comprehensive loan waiver to farmers at the national level if it comes to power in the 2019 Lok Sabha elections, party sources said on Friday.

What is Jai Kisan Rin Mukti Yojana? MP CM Kamal Nath launches Rs 50,000 cr farm loan waiver scheme

What is Jai Kisan Rin Mukti Yojana? MP CM Kamal Nath launches Rs 50,000 cr farm loan waiver scheme

Wed, Jan 16, 2019

Before the Assembly elections in November last year, Congress president Rahul Gandhi had promised that if his party was voted to power, it would implement farmers' loan waiver within 10 days of government formation.

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Aadhaar enrollment boosts MGNREGA, cuts delayed payments to low of Rs 67,956 cr in FY18

Aadhaar enrollment boosts MGNREGA, cuts delayed payments to low of Rs 67,956 cr in FY18

Mon, May 14, 2018

MGNERA aims to enhance rural areas by providing at least 100 days of wage employment in a financial year to every household whose adult members volunteer to do unskilled manual work.

Poll-bound Rajasthan announces farm loan waiver, tax relief in 2018 budget

Poll-bound Rajasthan announces farm loan waiver, tax relief in 2018 budget

Mon, Feb 12, 2018

Raje, who also holds the finance portfolio, presented the budget for 2018-19 which envisage total outlay of Rs 1,07,865.40 crore on schemes and projects.

Will MSP hike in Budget FY19 be inflationary?

Will MSP hike in Budget FY19 be inflationary?

Tue, Feb 06, 2018

The Finance Minister also decided to increase food subsidy by 21% or Rs 29,041 crore to Rs 1.69 lakh crore.

Banks are now creating higher provisions for their agri loans

Banks are now creating higher provisions for their agri loans

Mon, Sep 04, 2017

Five states have announced farm loan waiver since the start of 2017. RBI along with banks have been very cautious on agriculture sector as credit risk gets hampered in the process.

Farm loan waiver is quick-fix, warns of negative impact, says Patel

Farm loan waiver is quick-fix, warns of negative impact, says Patel

Fri, Sep 01, 2017

"In the absence of coordinated and sustained efforts to put in place elements of a virtuous cycle of uplift of farmers' income, loan waivers have periodically emerged as a quick fix to ease their distress," RBI said in a statement quoting Patel as telling a seminar on agri debt waiver here.

Economic Survey Vol II tabled: 'Rekindled optimism on structural reforms'

Economic Survey Vol II tabled: 'Rekindled optimism on structural reforms'

Fri, Aug 11, 2017

The economic survey is presented by the Chief Economic Adviser, in this case, Arvind Subramanian.

UP links 42% farmers' Aadhaar nos with loan waiver scheme

UP links 42% farmers' Aadhaar nos with loan waiver scheme

Sun, Jul 30, 2017

In order to zero in on the deserving and genuine beneficiaries for the Fasal Rin Mochan Yojana (Crop Loan Redemption Scheme), the UP government is linking the Aadhaar number of the farmers with the scheme. So far, 42 per cent of the beneficiary farmers having an Aadhaar number have been linked with the scheme.

RBI August policy: A 25 basis points rate cut in the offing?

RBI August policy: A 25 basis points rate cut in the offing?

Tue, Jul 25, 2017

With the CPI inflation coming to a record low, analysts expect a 25 basis point rate cut in the third bi-monthly monetary policy. Policy repo rate stands at 6.25% presently.

Panel demands accountability for delay over farm loan waivers

Panel demands accountability for delay over farm loan waivers

Sat, Jul 22, 2017

Vasantrao Naik Sheti Swavalambi Mission (VNSSM) chairman Kishore Tiwari has said that contrary to claims made by the government to provide the relief to all the eligible nine million, so far barely a fraction -- or 3,200 farmers -- have been handed over the amount.

Maharashtra govt announces mega farm loan waiver scheme

Maharashtra govt announces mega farm loan waiver scheme

Sat, Jun 24, 2017

The BJP-led Maharashtra government today announced a major farm loan waiver scheme that will see debt of up to Rs 1.5 lakh per farmer being written off. The scheme, announced by Chief Minister Devendra Fadnavis at a press meet here, involves Rs 34,000 crore of relief.

Despite robust production, farmers suffer wage cut on food price deflation

Despite robust production, farmers suffer wage cut on food price deflation

Tue, Jun 20, 2017

Maharashtra: Loan waiver criteria committee to meet on Monday

Maharashtra: Loan waiver criteria committee to meet on Monday

Sun, Jun 18, 2017

A committee set up by the Maharashtra government to finalise criteria for farm loan waiver will meet here on Monday. Leaders of all farmers' organisations will come to the megapolis to attend the meeting, to be chaired by the state Revenue minister Chandrakant Patil.

Maharashtra govt to disburse crop credit through PSUs in 16 districts

Maharashtra govt to disburse crop credit through PSUs in 16 districts

Mon, Jun 12, 2017

Against the backdrop of the protests by farmers, the inter-ministerial committee appointed by the government announced the loan waiver after a meeting with farmers' leaders yesterday.

Who gets impacted by these farm loan waivers? Banks, NBFCs or MFIs

Who gets impacted by these farm loan waivers? Banks, NBFCs or MFIs

Mon, Jun 12, 2017

Farm loan waivers are the order of the season. But who picks the tab? banks, NBFCs or MFIs?

RBI is at advanced stage of preparing list of debtors: FM Jaitley on rising NPAs

RBI is at advanced stage of preparing list of debtors: FM Jaitley on rising NPAs

Mon, Jun 12, 2017

RBI's deputy governor SS Mundra said that the central bank has formed an internal panel on some large bad loans.

Maharashtra's farm loan waiver to worsen its fiscal deficit

Maharashtra's farm loan waiver to worsen its fiscal deficit

Fri, Jun 09, 2017

Farm loan waivers is expected to hamper Maharashtra's fiscal budget.

Farm loan waiver could reach Rs 2.6 lakh crore by 2019, report claims

Farm loan waiver could reach Rs 2.6 lakh crore by 2019, report claims

Tue, Jun 06, 2017

Demand for farm loan waiver has increased in many states. It is expected that all states will write- off about $40 billion (Rs 2.6 lakh crore) of farm loans in the run up to 2019 general elections following the ruling BJP's UP and Maharashtra governments' waivers.

Is farm loan waiver in Uttar Pradesh the right thing to do?

Is farm loan waiver in Uttar Pradesh the right thing to do?

Fri, Apr 07, 2017

Fulfilling the promise, Chief Minister Adityanath has announced farm loan waiver of Rs 36,359 crore to 2.5 crore small and marginal farmers having loans of up to Rs 1 lakh.

Farm loan waiver affects credit discipline: RBI

Farm loan waiver affects credit discipline: RBI

Thu, Mar 23, 2017

On March 15, Bhattacharya had expressed reservation over assurances and demand for complete farm loans waiver, coming from different quarters. The following day, Congressmen staged a protest outside the SBI headquarters at Nariman Point in Mumbai to protest.

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