Denied Crop Loans, Maharashtra Farmers Go Back To Moneylenders -Parth MN

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published Published on Sep 21, 2020   modified Modified on Sep 21, 2020

-IndiaSpend.com

Mumbai: He delayed it as long as he could but when he realised that he had no other option, Pandurang Shinde, 33, swallowed his pride and asked his relatives for a loan in June. “It is not the best feeling,” he said. “But I was running out of time. I borrowed Rs 50,000--I needed that money for the cropping season starting in June.”

Crop loans are critical for the agrarian cycle and are used to fund the purchase of farm inputs--seeds, fertilisers, pesticides, and so on-- ahead of the cropping season. A small farmer from Vadi, a village in central Maharashtra’s Parbhani district, Shinde had applied for a crop loan in May this year, but it had not come through because he had a pending loan.

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IndiaSpend.com, 21 September, 2020, https://www.indiaspend.com/denied-crop-loans-maharashtra-farmers-go-back-to-moneylenders/?fbclid=IwAR3917zqYUOWHYRQU4HFWXAvuhXWdh6e88MOvSSr2U74cUa6qp5y3gi4BxE


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