Farmer protests: MS Swaminathan says loan waivers don’t provide secure long-term credit system

The 92-year-old geneticist also lauded the efforts made by the Modi Government to promote skills of rural women through agriculture universities and private sector.

By: Express Web Desk | New Delhi | Updated: June 14, 2017 9:33 am
m s swaminathan, modi government, india news, indian express news Swaminathan who was included in Time Magazine’s ‘Time 20’ list of most influential Asian people in the 20th century, devoted his life to improve farm yields. (Source: ANI)

Eminent Agriculture scientist and Chairman of National Commission on Farmers (NCF) MS Swaminathan on Tuesday said there must be a balance between short term gains like farm loan waivers and long term gains that include building up agricultural infrastructure.

“Due to the unfortunate erratic monsoon behaviour, farmers are facing problems of severe drought for the past few years. Though there’s a bumper crop this year, farmers are dissatisfied with procurement price and are unable to repay institutional and private loans. Without repaying debts, farmers won’t get fresh kharif credit. This is why they want loan waivers as well as remunerative procurement price,” Swaminathan tweeted, adding that though loan waivers are temporarily necessary, they don’t provide secure long-term credit system.

“Loan waivers mean that money which could have gone to strengthening agricultural infrastructure will not have adequate funds,” he cautioned.

Swaminathan also said that the Centre has implemented several recommendations of the Farmers’ Commission which intend to improvise the incumbent state of agricultural affairs in the nation. These include, he tweeted, providing improved seeds, soil health cards, farmers’ Commission recommendations on improved insurance, irrigated area increase and farmer’s welfare, among others.

“Rural women contribute 50 per cent agricultural work. Special efforts made to promote their market skills through agricultural universities and private sector,” Swaminathan added.

With inputs from ANI.

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  1. R
    Rahul
    Jun 14, 2017 at 5:37 pm
    Tell us something new...
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    1. E
      emittrap
      Jun 14, 2017 at 3:01 pm
      The only method to revive the Indian agriculture, make the farmers prosper is to strictly ban CHEMICAL FARMING and implement COW BASED ORGANIC FARMING. But our politicians, eminent scientists, experts are in the pockets of huge corporates dealing in chemical fertilizers and pesticides - who will not allow ban on AGRO CHEMICALS. People of India should realize the perils of CHEMICALS make the Governments implement COW BASED ORGANIC FARMING. SIKKIM HAS DONE THIS SUCCESSFULLY. OTHER STATES SHOULD EMULATE SIKKIM
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      1. C
        cbonf
        Jun 14, 2017 at 2:55 pm
        I can get more 'yield per acre' using cattle dung ur()ine only than using costly harmful chemical fertilizers pesticides. I challenge this criminal M.S. Swmainathan to accept my challenge. Throughout his life he was engaged in looting the Indian farmers Indians by recommending harmful war chemicals to be used as fertilizers pesticides.
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        1. M
          Mavala
          Jun 14, 2017 at 9:27 pm
          Absolutely! These are the guys who gave cancer to Punjabs farmers with their pesticides..
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        2. Nagar Iyer
          Jun 14, 2017 at 2:50 pm
          It is the traitors like M.S.S. who destro Indian Agriculture by acting as agent for MNC fertilizer companies GMO companies like Monsanto
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          1. S
            Srinivas
            Jun 14, 2017 at 2:14 pm
            What he said is absolutely correct, should have provided better quality seeds, cold storages, marketing facilities, educating farmers in scientific management of pesticides fertilisers, enhancing soil productivity rather than making farmers lazy don't let them work hard Already agricultural income is tax free
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