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farm loan News
Is farm loan waiver impact on Indian economy overestimated?
Mon, Jun 26, 2017
Analysts and industry experts believe that it is the Non-Banking Financial Companies (NBFCs) and Micro Finance Institutions (MFIs) that are to take a greater hit with these farm loan waivers. A study estimated that NPA amount for cooperative credit system alone is at Rs 40,000 crore.
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.
Farm loan write-offs win votes in India, but may hurt economy
Wed, Apr 19, 2017
India risks straining public finances and undermining already ailing state banks, economists said, after a $5.6 billion loan write-off for farmers in Uttar Pradesh and moves to do something similar in at least four other states.
Uttar Pradesh waives farm loans, to shut some illegal abattoirs
Wed, Apr 05, 2017
India`s most populous state, Uttar Pradesh, said on Tuesday it was waiving $5.6 billion of loans to help millions of farmers reeling from losses after unfavourable weather in the past few years hit their crops.
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.