Loan waiver

by Native Picture
Ramanagara district, Karnataka

Farmer carrying a load in Karnataka_Native Picture

Siddharamaya, a farmer in Ramanagara, Karnataka says, “I have about 13,000 square feet of land and I can hardly grow anything there, except to feed my family. My livelihood comes from my cows. I’d get INR 25 per litre of milk, and now the government has reduced it by INR 3.”

“The feed would cost INR 1,000 but they reduced it by only INR 50, and all the other feed comes up to INR 3,000 per month. This forces me to take a loan from private moneylenders, since the banks won’t give me any. They ask for too many papers which I can’t furnish. They ask for land records in my name but they are in my father’s name. To have them transferred to me costs INR 20,000. Where am I going to get that money from?”

“The government reduces the purchase price of the milk but keeps the costs of the feed the same; we end up losing money. No government can do anything for the poor, it benefits only the rich.

So how will a loan waiver help me?”

Native Picture is a content partner for #groundupstories on IDR. You can view more from Native Picture here

View next

Read next

Follow us
Get smart. Sign up for our free weekly newsletter, IDR Edit.

IDR is India’s first independent media platform for the development community.

We publish cutting edge ideas, lessons and insights, written by and for the people working on some of India’s toughest problems. Our job is to make things simple and relevant, so you can do more of what you do, better.

IDR is produced in partnership with Ashoka University’s Centre for Social Impact and Philanthropy.

Privacy Policy | Terms of Use | Contact
© 2019 India Development Review    
India Development Review is published by the Forum for Knowledge and Social Impact, a not-for-profit company registered under Section 8 of the Company Act, 2013.
CIN: U93090MH2017NPL296634