Farm Debt Crisis Grips India: Andhra, Punjab, Kerala Worst Hit
A crippling agricultural debt burden is strangling Indian farmers, with Andhra Pradesh, Punjab, and Kerala bearing the brunt of the crisis. The situation is particularly alarming in these states, where mounting liabilities threaten the livelihoods of countless farming families.
Northern states like Haryana and Uttar Pradesh also report significantly high levels of farmer indebtedness. The national average farm debt stands at a staggering Rs 74,121, but state-wise variations expose deep regional disparities.
This wide disparity underscores the urgent need for a comprehensive overhaul of agricultural credit policies. The current system clearly fails to address the specific needs and vulnerabilities of farmers across different regions.
The government must address this pressing issue swiftly. Targeted interventions, including debt relief measures and improved access to credit, are crucial to prevent further distress and ensure the long-term sustainability of Indian agriculture. Failure to act decisively risks jeopardizing food security and rural stability.
