Instead of doling out misery packages to all farmers uniformly, the federal government and monetary establishments would possibly resolve on an acceptable bundle of assist based mostly on the severity of misery.
With small and marginal farmers getting a uncooked deal in relation to farm mortgage waivers, the National Bank for Agriculture and Rural Development (NABARD) plans to create a farmer misery index (FDI) to trace, determine, and help the actually needy and distressed farmers.
Instead of doling out misery packages to all farmers uniformly, the federal government and monetary establishments would possibly resolve on an acceptable bundle of assist based mostly on the severity of misery. “We are considering creating such an index.” It will profit essentially the most weak and troubled farmers. “It hasn’t been sorted out yet,” Nabard Chairman G R Chintala acknowledged.
This index won’t be constant throughout the nation as a result of stress ranges fluctuate from place to put. It may even profit the entire monetary trade, in addition to authorities businesses and insurance coverage companies. While a farmer’s misery is usually judged by the extent of agricultural loss, this leaves far too many troubled farmers elsewhere out of the beneficiary’s grasp.
According to a survey carried out in Punjab by Nabard and Bharat Krishak Samaj (BKS), a farmers producers’ group, greater than 60% of ‘very excessive’ and ‘excessive’ misery small and marginal farmers (SMFs) didn’t acquire farm mortgage waiver (FLW) advantages. The exclusion price for SMFs within the medium misery class was equally 60%.
In Maharashtra, SMFs that have been categorized as ‘low’ misery acquired the very best FLW advantages. Nearly 42% of SMF within the ‘very excessive’ misery class didn’t acquire FLW advantages.
In UP, 47% of SMF within the “very high distress” class and 45% of SMF within the “high distress” class didn’t acquire FLW advantages. More than 40% of the ‘very excessive misery’ farmers within the three states didn’t acquire FLW advantages.
Sugarcane farmers who had taken loans in Maharashtra and Uttar Pradesh often had irrigated land and have been promised a good value within the type of FRP (truthful and remunerative value) and SAP (state recommendation value). They all acquired the advantage of a farm mortgage waiver. Small and marginal farmers on unirrigated lands and rising lower-value commodities (particularly these not acquired at MSP) might not have taken crop loans. As a outcome, they haven’t profited from FLW schemes, in accordance with the analysis. There have been complaints about rich farmers benefitting from farm mortgage waivers provided by a number of state governments lately.
Moreover, relying on the character and diploma of the problem, the help can take the type of a mixture of unconditional presents, mortgage modification, and/or a complete debt waiver. Individual farmer monetary assist may be based mostly on a mixture of district index and particular person farmer misery as measured by irrigation standing of his land, earnings from crops grown by him, the typical productiveness of the district, and common value in APMC markets of this district compared to the state common value.
First printed on: 30 Apr 2022, 12:41 IST
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