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Chandigarh: The financial condition of the farmers at the ground level is not good. The cost is more than the income, due to which the farmer is getting indebted. However, there are many other reasons behind this poor condition of agriculture, but the result of all this is the suicides of farmers, which are increasing daily.’
Punjab’s farmer debt is the highest in the entire country. Compared to other states, the average loan per farmer is higher in Punjab. Punjab has the first number in the country in this matter, which is enough to show the agrarian crisis of Punjab.
The average loan per farmer in Punjab is Rs 2.95 lakh. The latest data from NABARD shows that 24.92 lakh farmers of Punjab have taken loans of 73673.62 crores from commercial and cooperative banks. However, moneylenders loan is different from this.
In reply to a question in Parliament, the Finance Ministry revealed that 21.42 farmer account holders have taken a loan of 64694.03 crores from the commercial banks of Punjab while 50635 account holders have taken a loan of 1130.13 crores from the cooperative banks.
Similarly, 2.99 lakh farmer account holders have taken a loan of 7849.46 crores from Regional Rural Banks. If we include the debt of moneylenders, this figure can cross one lakh crore. There are about 23 thousand registered Aartiyas in the state.
In the neighboring state of Haryana, the average loan per farmer is Rs 2.11 lakh and in Gujarat the same loan per farmer is Rs 2.28 lakh. If we look at other states, the average debt per farmer in Madhya Pradesh is Rs 1.40 lakh, in Andhra Pradesh the average debt is Rs 1.72 lakh, in Kerala the average is Rs 1.47 lakh per farmer, in Uttar Pradesh the average is Rs 1.13 lakh per farmer and in West Bengal 80 Thousand rupees is the average debt per farmer. According to Agriculture Census 2015-16, there are 10.53 lakh farmer families in Punjab.
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