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FARMERS LOAN RECOVERY
'Talked to RBI, forcible recovery from farmers should be stopped': Maharashtra CMMaharashtra Chief Minister Devendra Fadnavis announced efforts to halt forceful loan recoveries by microfinance companies affecting farmers...- Maharashtra to give 1.5 crore farmers Rs 5,000 each before DiwaliMaharashtra Chief Minister Devendra Fadnavis announced a drought relief package for 1.5 crore farmers. An advance amount of Rs 5,000 will b...
- Halt water supply to construction projects, raise aid for drought-hit farmers: NCP (SP) to govtNCP (SP) leaders are urging the Maharashtra government to prioritize water supply for farmers amid severe drought. They demand an increase ...
- Farmer who borrowed Rs 10,000 found hanging in Nanded finance firm's office; 3 booked for murderChandrakant Shinde, a farmer from Malkoutha village, was found hanging inside Khalsa Finance's office after a loan dispute. Allegations fro...
- PSBs step up AI adoption, cyber resilience under EASE₹ise 8.0 reformsPublic sector banks in India are focusing on adopting artificial intelligence and enhancing cyber security measures. They are modernizing t...
- 85% of Maharashtra declared drought-hit; farmers to get Rs 5,000 aid before DiwaliMaharashtra's government has declared drought in over 305 talukas due to a severe rainfall deficit. Chief Minister Devendra Fadnavis announ...
- Jyotiraditya Scindia outlines banking expansion plans for Northeast India at Bankers' Conclave 2.0 in AgartalaJyotiraditya M. Scindia discussed significant banking developments at the North East Bankers’ Conclave 2.0 in Agartala. He outlined future ...
- Charting the global economy: US employment growth moderatesThe labor market in the US revealed sluggish growth in September, with only 29,000 jobs added, alongside a significant deceleration in wage...
- Maharashtra, Karnataka drought: Centre to assess ground situation; Shivraj to visit statesUnion Agriculture Minister Shivraj Singh Chouhan expressed concern over the drought situation in Maharashtra and Karnataka, saying the Cent...
- Maharashtra declares drought in 265 talukas or nearly three-fourths of state; announces relief measuresMaharashtra has declared drought in 265 out of 358 talukas due to significant rainfall deficits. The government announced various relief me...
- TVK’s Rs 79,219 crore spending push raises fresh concerns over Tamil Nadu financesThe Tamil Nadu government announced a massive Rs 79,219 crore budget for development projects. This spending faces criticism amid concerns ...
- England’s hidden 7,500-acre wilderness could become the ‘Yellowstone of Britain’ — a £8.5 million rewilding project aims to bring back rare wildlife over the next 20 yearsEmblehope Moor in Northumberland is undergoing a significant nature restoration over twenty years. This ambitious project aims to rewet pea...
- In 2013, Farmers RECC secured a $1 million USDA loan to capture landfill methane in Glasgow, Kentucky. 7 years later, the plant reached full capacity, powering 547 homesGlasgow landfill project ultimately offers a compelling lesson in how communities can rethink waste, energy and environmental responsibilit...
- RBI sells USD 14.9 bn during Jan-May to check excess volatility in rupeeIn an effort to stabilize the rupee, the Reserve Bank of India sold USD 14.9 billion. Banks are also re-engaging with defaulters to recover...
- Banks express concern over decline in loan recoveryBanks also asked the state government to announce the cut-off date till which the debt waiver benefit will be available to eligible growers.
- Banks to meet expert panel on debt waiver on July 25In the meeting, the panel is expected to seek suggestions from us regarding the implementation of debt waiver scheme of the state governmen...
- Demonetisation leads to farmers' default on loans; bankers respond with lesser lendingUsually farmers raise informal credit from aarthiyaas to tackle the delay in crop remuneration. Now even aarthiyas are short.
- Uttar Pradesh govt suspends recovery of dues and loans from farmersUttar Pradesh government has suspended recovery of all revenue dues and co-op bank loans from farmers in drought and flood-affected areas.
- Debt-hit Vidarbha farmers stare at land lossScores of farmers mired in debt in arid cotton belt of Vidarbha in Maharashtra are close to losing their property rights, as the state-cont...
- Banks offer up to 25% rebate to better farm loan recoverySome public sector banks are offering as much as 25% rebate to improve recovery on their farm loans, providing substantial relief to farmer...
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