Tag Archives: Indebtedness

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The debt story less told

The Hindu, February 12, 2015, by K P Prabhakaran Nair http://www.thehindubusinessline.com/opinion/the-debt-story-less-told/article6887610.ece Small and marginal farmers in rainfed regions are trapped in a losing battle with agriculture — and with life The lot of the poor Indian farmer keeps deteriorating with the passage of time. According to the National Sample Survey Office (NSSO) data released on December 19, 2014, during the last decade, the bloated debt of Indian agricultural households increased almost 400 per cent Even the number of heavily indebted households has steeply increased during this period. The report is titled Situation Assessment Survey of Agricultural Households in India, and is based on a national survey covering 35,000 households during […]

Farmers indebtedness: Into the abyss?

http://www.downtoearth.org.in/content/abyss Author(s): Jitendra @jitendrachoube1  Jan 31, 2015 | From the print edition The situation of India’s farmers has only become grimmer in the past decade, according to the latest National Sample Survey Office report Illustration: Sorit The lot of the embattled Indian farmer only keeps on getting worse with the passage of time. In the last 10 years, the voluminous debt of Indian agricultural households has increased almost four-fold whereas their undersized monthly income from cultivation has increased three-fold. Even the number of indebted agricultural households has increased in the last 10 years. At the same time, there has been a micro-increment in the number of agricultural households in India. All […]

Small loans add up to lethal debts

ERIKA KINETZ APDEBT AND DEATH: Family members with a photograph of Hari Prasad, who took his own life in August 2010 by consuming pesticide in their home in Kadiri in Anantapur district of Andhra Pradesh. He had run up debts with a microfinance company. In the photograph taken last week are Sunita, the widow, 22, along with her daughter Shwetha, 5. RELATED Microfinance under stress NEWS Reforming microfinanceMicrofinance under stressChallenges in microfinanceFarmers’ suicides: Kisan Sabha to stage fastVikram Akula quits SKSSKS Microfinance hopes to come out of red by 2012-13 TOPICS macro economicscredit and debt social issueeuthanasia (also includes assisted suicide) social issues (general) welfare economy, business and finance The […]

They live on borrowed time

KALPETTA: Amidst the arecanut and coconut garden sprawling over 1.37 acres of land in Thrikkeppatta lies the house of farmer P S Varghese who had committed suicide.  At first sight one would wonder why a man who owned this much land and a beautifully-built house would end his life for having a financial debt of just over Rs 3 lakh; perhaps, an amount of debt every Kerala family might have. An inquiry into this question would expose the other aspect of farmer suicides in Wayanad: the psychological, social and cultural factors and efforts to sustain the changing lifestyle. The house of Varghese had roofing with asbestos sheets but he had […]

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