Maharashtra panel wants govt to set up agri risk fund

Moratorium on loan recovery and restructuring of rural finances suggested to help farming community

GN Staff | September 4, 2015


#Maharashtra   #marathwada   #agriculture   #loan   #farmer  

As the Marathwada region of Maharashtra reels under drought like conditions due to failure of monsoon, a panel constituted by state government has recommended moratorium on debt recovery and establishment of agriculture risk fund.

The committee, headed by activist and Vidarbha Jan Andolan Samiti chief Kishore Tiwari, was tasked with studying agrarian crisis in the state and suggest solutions.

Sustainable livelihoods for the poor should be promoted by improving financial services, Infrastructure and investments in human development, agriculture and business development services, it said.

In this direction the task force advised a slew of measures like restoration of farm credit, insurance to farmers and restructuring rural financial institutions, among others to resolve the agrarian crisis and prevent farmers’ suicides.

It suggested expansion of the formal credit system to reach the poor and reduce the rate of interest for crop loans to 4 per cent.

"There should be a moratorium on debt recovery, including loans from non-institutional sources, and waiver of interest on loans in distress hot-spots and during calamities.” It suggested revolutionary method of establishment of an agriculture risk fund to provide relief to farmers in the aftermath of successive natural calamities."

An integrated credit-cum-crop-livestock-human health insurance package should be developed and crop insurance cover should be expanded to cover the entire state and all crops with reduced premiums, it said.  The panel also advised the government to create a rural insurance development fund to take up development works for spreading rural insurance.

It further said the debt waiver scheme implemented in 2007-08 has not addressed the "indebtedness arising from the non-institutional creditors."

"A plan for 'moneylender-free village' should be adopted where at least one member of each family in a village should become a member of some self-help group (SHG). Also, every rural and semi-urban branch of each bank should adopt one village in its jurisdiction," it said. The panel has incorporated the recommendations of several committees appointed by the central and the state governments.

Meanwhile, the Bombay high court has asked the Maharashtra government to inform it if the state had a contingency plan in place to tackle a drought-like situation in the state.

A division bench of justices V M Kanade and Shalini Phansalkar-Joshi was hearing a petition filed by Solapur-based farmer Siddeshwar Warade who sought a direction to the government to release water from Ujani dam for irrigation purposes in Mohol and Mangalwedha talukas. Mahadeo Choudhary, appearing for the petitioner, argued that even if one rotation of water was released, it would save the standing crops and also not affect the problem of drinking water in Solapur.

The court asked if the government had come up with any disaster management plan considering the fact that rainfall had been scanty not just in Solapur area but the entire Marathwada and Vidarbha regions.  The next hearing will take place on September 8.

The court was informed that the Maharashtra Water Resources Regulatory Authority would hold a meeting today (Friday) to discuss various issues. The court has also asked the state to inform it “what steps have been taken to tap water from other sources, including underground water which can be supplied in drought-like situation if there is no rain”.

Comments

 

Other News

BRICS at 20: From economic weight to global influence

This year marks 20 years of BRICS, with India set to host the grouping’s leaders’ summit this weekend. The anniversary offers an opportune moment to assess BRICS’ growing importance at a time when the effectiveness of global governance and the credibility of multilateralism are under in

Former president Ram Nath Kovind on some of his unforgettable journeys

Triumph of the Indian Republic: My Life, My Struggles By Ram Nath Kovind Rupa Publications, 400 pages, Rs 795   All our presidents so far stand out, each for a different reason. Ram Nath Kovind, the 14th president of India, from 2017 t

Uday Kotak on history, Indian economy, growth and more

Pathbreakers: How 10 Visionary Leaders Transformed India by award-winning journalists  By Sucheta Dalal and Debashis Basu Rupa Publications, 304 pages, Rs 695  

₹5,000 crore saved from suspected financial fraud

In a significant gain for citizen protection in the digital economy, the Department of Telecommunications (DoT) has helped prevent suspected cyber fraud losses of more than ₹5,000 crore through its Financial Fraud Risk Indicator (FRI) within fifteen months of its launch on May 22, 2025. This money did

Capital acquisition proposals worth Rs 1.10 lakh crore for defence forces cleared

The Defence Acquisition Council (DAC), under the chairmanship of Raksha Mantri Rajnath Singh, on Monday accorded Acceptance of Necessity (AoN), that is, in-principle administrative approval to various acquisition proposals of the defence forces at an estimated cost of about Rs 1,10,000 crore.

How Rafi, Raj Kapoor helped pave the way for a great uranium deal

There`s a certain moment in diplomacy that`s too personal to be captured in a communiqué, too small to make the front page, but more revealing than the front page. This week, prime minister Narendra Modi reached Tashkent and, amid the pomp of state visits, managed to evoke the old Bollywood tunes

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter