Sep 19 2013 – Access to banking services remains a problem for small and marginal farmers.
A new governor has taken charge of the RBI at a time when farmers are threatened on a scale without precedent in independent India’s history. Agricultural growth is pivotal to any strategy to reduce hunger and poverty. The fact that it is suffering is also evident from the fact that food inflation is at a three-year high and supply is unable to keep up with the rising demand. Any strategy to rectify this problem must focus heavily on creating easy access to cheap credit for small and marginal farmers.