In Maharashtra’s poorest districts, politicians strike it rich
http://www.thehindu.com/2009/04/14/stories/2009041460551300.htm
The constituencies of Maharashtra facing agrarian crisis, with farmers committing suicides, are the ones where Congress MLAs & MPs have grown richest. Yet, congress feels that it will win the polls on Loan waivers.
Loan waivers are worst form of lure, they reward those who cannot perform and punish those who even under worst of circumstance still manage to repay their debts. Reason one Loan waiver wave discourages bankers from giving loans to farmers as they see no profit in lending to farmers. The farmers who paid the debts now are left with no options but to starve or go to savkars as they see no more loans coming from Banks.
Instead Lower rates should be proposed along with strong insurance support to deal with the climatic odds. Plus there has to be a channel to export the excess which is not rightly done currently. Storage for agricultural produce is very costly and cannot be afforded be marginal farmers. The excess produce and one time of getting crops to market forces the farmers to sell their produce at lower price for fear for spoiling. The stockist take undue advantage of opportunity, wait and sell of the same vegetables at 5 times the original price. Again its the farmer here who is at loss.
No insurance, farmers will be forced to commit suicides
http://www.dnaindia.com/mumbai/report_farmer-commits-suicide-in-nashik-after-rain-ruins-crops_1474186
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