Financial Daily from THE HINDU group of publications
Tuesday, Jul 27, 2004

News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Agri-Biz & Commodities - Farm credit
Money & Banking - Farm credit


Write off farm loans up to Rs 10,000: Experts

Our Bureau

Guntur , July 26

LOANS taken by farmers from banks up to Rs 10,000 should be waived, as done in 1990 by the V.P. Singh Government, to pull farmers out of debt trap and end the splurge of suicides in Andhra Pradesh, opined Mr Dinesh Chandra, former Union Banking Secretary.

Mr Chandra, who was the chief guest at the inaugural session of a two-day seminar on `Rural indebtedness and Indian agriculture' organised here on Saturday and Sunday by the Indian Liberal Group and the A.P. Virginia Tobacco Farmers' Association, said rescheduling of loans would be of no avail and the other remedial steps also would be of little use in a crisis situation such as the one witnessed in the State now.

He said a waiver of loans up to Rs 10,000 all over the country would only entail a financial burden of Rs 4,000-5,000 crore and the Union Government should make good the amount to banks.

Dr Y. Sivaji, President of the A.P. Virginia Tobacco Growers' Association, said the farm sector had been badly neglected by the successive governments at the State and central levels. "The investment into the sector is coming down all the time. The growth rate is negative," he said.

Dr I.V. Subba Rao, former Vice-Chancellor of the Acharya N.G. Ranga Agricultural University, said the suicides by farmers were the culmination of a number of factors, of which rural indebtedness was a very important factor. But it is not the only one.

More Stories on : Farm credit | Farm credit | Andhra Pradesh | Natural Calamities

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
NCDEX launches raw jute, guar gum contracts


NMCE rubber futures record a new high
Crisis in GTB may not affect FCCCI
BoI launches Kisan Samadhan card
Write off farm loans up to Rs 10,000: Experts
MPEDA to focus on US, Japan markets
Chamber calls for easing restrictive inter-State rules
Sharp fall in rubber prices
Govt cuts sugar FSQ for August
No threat to sugarcane supplies in UP: Kushagra Bajaj
Mega dairy plant lined up for AP cooperatives
Nabard cuts interest rate
Coir exports up marginally in Q1
AP tobacco sales drawing to a close
OECD notes India's progress in farm sector



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line