Fortune At The Bottom Of The Pyramid retail rajnish kumar itcPresentation Transcript
Fortune at the bottom of the pyramid. Huh !
Waiver of small and marginal farmers’ loans amounting to Rs 60,000 has been termed path breaking by the government.The budget, however, offers little to address the larger problem of agricultural recession, the main reason behind severe indebtedness of farmers .
Official data shows that areas with the maximum concentration of small and marginal farmers will not benefit from the waiver. The Economic Survey that preceded the budget had suggested: “A second Green Revolution, particularly in the areas which are rain fed, may be necessary to improve the income of the persons dependent on the agriculture sector.” . It clearly suggests that farming has become almost an unviable option owing to increase in input costs and lower realization from produce which has unleashed a viscous cycle of indebtness amongst the farming community.
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