Crop insurance will bail out farmers from problems?
More farmers are committing suicide with mounting debts, less farm produce and with no support price. In India, farmer's average monthly income is Rs 4,000 per month but he has to clear an average loan of Rs 47,000 per annum. Among farmers, 65 per cent are marginal ryots. Political parties always talk about welfare of farmers but not fighting on their issues. Population of farmers have drastically come down from 1951 to 2011. One has to wait and see how far the Modi government's new crop insurance scheme will bail out farmers.
Tags: Farmers, Suicide, Mounting Debts, Farm Produce, Support Price, Marginal Ryots, Political Parties, Modi Government, Crop Insurance Scheme,
Wed, Feb 17, 2016, 11:14 AM
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