To meet their growing expenditure, from daily needs and health emergencies to weddings and sending their children abroad for studies, farmers rely on Arhtiyas despite the heavy interest they pay. Arhtiyas remain crucial for the farm economy of Punjab and Haryana
Farmers of both Punjab and Haryana remain weighed under heavy debts as it rises many folds from one generation to another. Moneycontrol went to several districts of the two states and spoke to a host of farmers to get an assessment of the situation on ground.
India is among the worst affected globally by climate change, with its agriculture sector hit hard by rising temperatures, freak rainfall, and changing seasons.
According to a recent ICAR study, farmers income has increased 125-275 per cent while states like Uttarakhand, West Bengal and Chhattisgarh have recorded more than 200 per cent increment in four years, , india, indian farmers, Credit Needs, agriculture sector, union government, balance sheet
Experts pointed out that monsoon plays a crucial role in deciding the overall economic outlook of the country also because ‘food’ accounts for 50 per cent of the country’s consumer price index, , Normal Monsoon, india, inflation