Farm Loans

  • Farm loan rescheduling in AP, Telangana yet to get RBI nod July 14, 2014

    Hyderabad: The Reserve Bank of India is yet to give its approval for the proposed rescheduling of farm loans in Andhra Pradesh and Telangana, its Deputy Governor R Gandhi said on Monday. Contrary to claims made by the Andhra Pradesh government that RBI had agreed to the farm loan rescheduling, Gandhi...
  • CAG report on farm loan waiver to be discussed in LS today March 7, 2013

    New Delhi: The Lok Sabha is likely to discuss the CAG report on the farm loan waiver scheme on Thursday. On Wednesday, the House was adjourned after repeated ruckus by the Opposition. Prime Minister Manmohan Singh had promised stringent action against defaulters. The Prime Minister's statement in the Rajya Sabha...
  • PM assures action if irregularities are found in farm loan waiver March 6, 2013

    New Delhi: Prime Minister Manmohan Singh on Wednesday assured that action will be taken if irregularities are found in the farm loan waiver scheme. The Prime Minister's statement in the Rajya Sabha came after loud protests by the Opposition in the House. The Lok Sabha, too, witnessed a demand from...
  • Uproar in LS over CAG report on farm loan waiver scheme March 6, 2013

    New Delhi: The Lok Sabha was adjourned on Wednesday after uproar over alleged scam in farm loan waiver scheme. The CAG report which was tabled in Parliament on Tuesday had criticised the scheme's implementation, citing lapses in 22 per cent of the cases. The loan waiver scheme was brought by the...
  • BJP demands CBI probe in farmers loan waiver 'scam' March 6, 2013

    New Delhi: The BJP on Tuesday alleged that nearly 34 lakh farmers had been denied their right under the loan waiver scheme of the UPA government and demanded a CBI inquiry to unearth the real extent of the "massive scam". Bharatiya Janata Party (BJP) spokesperson Prakash Javadekar said this revelation further...
  • Farm loan waiver under scanner: Are big ticket government schemes prone to corruption? March 5, 2013

    The CAG report which was tabled in Parliament earlier on Tuesday criticised the scheme's implementation, citing lapses in 22 per cent of the cases. ...
  • Farm debt waiver scheme: Finance Ministry orders probe after CAG report reveals lapses March 5, 2013

    The CAG report which was tabled in Parliament earlier on Tuesday criticised the scheme's implementation, citing lapses in 22 per cent of the cases. ...
  • Budget yatra: Vidarbha farmers unhappy with government aid February 15, 2013

    Wardha: CNN-IBN's Budget Yatra has reached the country's cotton belt of Maharashtra. The Vidharbha region is infamous for farmer suicides and is still struggling with cotton production down by 40 per cent. In the same village that was visited by the Prime Minister who announced the farm waiver, six years...
  • CAG alleges misuse of farm loan waiver funds January 26, 2013

    New Delhi: The UPA government is in more trouble. The Comptroller and Auditor General has published a draft report on the farm loan waiver scheme alleging misuse of funds. According to the report, Rs 52,000 crore were allotted for the debt waiver under the scheme. However, 25 per cent beneficiaries...
  • UP CM announces waiver on farm loans November 22, 2012

    Lucknow: Samajwadi Party supremo Mulayam Singh Yadav's 73rd birthday has brought along a bonanza for Uttar Pradesh's farmers. His son and Uttar Pradesh Chief Minister Akhilesh Yadav has announced a waiver of farm loans up to Rs 50,000. Approximately 7.5 lakh farmers are likely to benefit from this scheme. The...
  • Rs 200 cr meant for farmers siphoned off March 30, 2010

    Bhopal: In a huge embarrassment to the Madhya Pradesh government, a letter from the Deputy Commissioner of Hoshangabad is now unravelling a Rs 200 crore loan waiver scam. The letter written to the State Cooperatives Commissioner and Registrar, said that nearly four crore rupees meant for farm loan waiver had been...
  • Whose idea? Prez takes credit for farm loan waiver July 28, 2009

    New Delhi: It's a battle royale between the two powerful ladies in Indian politics - Sonia Gandhi and Pratibha Patil. The issue is: Who got the farmers loan waiver passed? The entire UPA has been united in hailing the Congress President as the brain behind the move. Congress Spokesperson, Tom Vadakkan...
  • Farm loans waived, but where's the relief? February 12, 2009

    Kishan Kumar, a middle-aged farmer in Garhar village in southern UP’s Jalaun district, was a happy man in September as summer gave way to heavy downpours. Rains, scant in this region for the past six years, meant Kumar could plant wheat or pulses on his 3.5-acre field when the sowing...
  • Farm loan waiver of not much help in Vidarbha July 12, 2008

    Mumbai: Farmers in Maharashtra, a state with drought in 13 districts, are responding in different ways to the Rs 71,000 crore farm loan waiver scheme. While the Vidarbha region, in grip of a severe drought, is full of poor farmers; farmers in western Maharashtra are a lot happier. In Vidarbha field...
  • Plan backfires: PM's loan waiver letter puzzles farmers July 8, 2008

    Thara (Ahmedabad): In what appears to be a bid to draw political mileage, a special note from Prime Minister Manmohan Singh accompanies all farm-loan waiver letters. But this letter is creating resentment among many farmers who find that their debt only been partially waived off. The prime minister's letter of promise says...
  • Fourth year ends, UPA switches to election mode May 22, 2008

    New Delhi: It's showing that the fifth and final year of the UPA has just begun. Sixteen months before it is required to the face the electorate, the Central Government switched over to the election mode. Its spin doctors believe that packaging ought to begin early. After all, the product...
  • SBI regrets issuing circular, won't stop loans May 21, 2008

    New Delhi: The State Bank of India (SBI) has withdrawn its circular dated May 16 2008. In the circular — issued last Friday from Mumbai — the bank had stated that it had a large portfolio of tractor loan accounts with high overdues and had thus decided to put on...
  • UPA waives off farmer loans, SBI stops loans May 21, 2008

    New Delhi: The State Bank of India is the largest bank in the country and traditionally doles out the maximum amount of loans to farmers across the country. However, it has now decided to put on hold, any new loans to finance new tractors or farm mechanisation activities. In a circular...
  • Debt-ridden farmer jumps into pile of burning hay April 12, 2008

    Mumbai: A debt-ridden farmer in the Vidarbha region of Maharashtra on Friday immolated himself by leaping into a pile of burning hay. Baban Jeughale was unable to repay a loan of Rs 1.75 lakh rupees, which he had taken to cultivate his 10 hectares of land. “He committed suicide because he...
  • Vidarbha farmer sets himself afire April 12, 2008

    New Delhi: A debt-ridden farmer in the Vidarbha region of Maharashtra on Friday immolated himself by leaping into a pile of burning hay. Reports say Baban Jeughale had taken a loan of Rs 1.75 lakh rupees to cultivate his 10 hectares of land. When he couldn't repay the debt, he committed...
  • Vidarbha still colourless, 3 farmers commit suicide March 22, 2008

    New Delhi: Even as the nation revels in Holi festivities, there is no colour for debt-ridden farmers in Vidharbha in Maharashtra. Three farmers — Gorakh Nikam, Atmaram Patil and Gokul Pawar — took their lives for not being able to pay back moneylenders. Nikam is from Nashik while the others are...
  • UPA woos students, plans education loan sops March 21, 2008

    New Delhi: After the agricultural loan waiver, there may be yet another loan sop in the offing by the UPA government. And this time it is the poor students who stand to benefit from this Rs 4000-crore scheme being planned in the run up to the General Elections. Ankit is...
  • Now, Sonia pitches for raising ceiling on loan waiver March 17, 2008

    Osmanabad (Maharashtra): Under pressure to enlarge the ambit of Union Budget's farm loan waiver scheme, Congress President Sonia Gandhi on Monday said her party felt the land ceiling cap be increased to allow more farmers to benefit from the package. Farmers in regions like Vidarbha and Marathwada have larger land holdings...
  • Vidarbha MLAs confused about loan waiver scheme March 16, 2008

    Mumbai: Union Finance Minister P Chidambaram announced a Rs 60,000 crore loan waiver scheme for farmers in his Budget speech but Members of Legislative Assembly (MLA) from the Vidarbha region of Maharashtra, which has seen a large numbers of farmers committing suicides, are confused about the supposed benefits of scheme. Although...
  • Haryana farmers not excited about loan waiver March 16, 2008

    Rohtak: Farmers from Haryana were among the first to organise a Dhanyawaad (thanksgiving) rally to thank United Progressive Alliance Chairperson and Congress President Sonia Gandhi for the Rs 60,000 crore loan waiver announced by the Union Finance Minister P Chidambaram in the Budget. But instead of enthusiasm or gratitude, there's confusion...
  • PM rules out general election this year March 15, 2008

    New Delhi: Prime Minister Manmohan Singh has put an end to all speculation about early general elections, saying the polls will be held on schedule and not this year as it is being speculated. There has been talk of early polls ever since the ruling UPA came out with a Rs...
  • For some farmers, loan waiver is a bittersweet deal March 16, 2008

    Jalgaon, Maharashtra: "All agricultural loans disbursed by scheduled commercial banks, regional rural banks and cooperative credit institutions up to March 31, 2007 and overdue as on December 31, 2007 will be waived off under a scheme of debt waiver and debt relief for farmers." These words of Union Finance Minister...
  • Debt waiver to be funded by taxes: Chidambaram March 14, 2008

    New Delhi: Revenues, non-tax revenues or market borrowings if necessary - the Finance Minister clearing the fog over the funding for his Rs 60,000 crore farm loan waiver made in his Budget speech. Speaking in Parliament, Finance Minister P Chidambaram drew up a pay back timetable spread over three years....
  • Rahul wants land limit raised for farm loan waiver March 13, 2008

    New Delhi: Rahul Gandhi made his presence felt in the Lok Sabha on Thursday with several suggestions to improve the lot of farmers. He said instead of one cutoff date of March 31, 2007 for farm loan waiver, there should be localised cutoff dates according to farming patterns. "A single...
  • This village does not need the farm loan waiver March 11, 2008

    Girata (MAHARASHTRA): Girata village, at first glance, looks pretty unremarkable. Just like any other village across the country. But what is remarkable is that this is probably India’s only village that says it does not want a loan waiver. But it wasn’t always this way. Until three years ago, farming was...