Indebted India: Over half of farm households still under debt -Shagun Kapil
-Down to Earth
Andhra, Telangana have highest percentage of agricultural households under debt; Average debt: Rs 2.45 lakh in Andhra
More than half of India’s agricultural households were in debt, with an average outstanding of Rs 74,121, according to the latest ‘Situation Assessment of Agricultural Households and Land Holdings of Households in Rural India, 2019’ released September 10, 2021.
The percentage of households in debt, however, reduced slightly from 51.9 per cent as seen in the previou survey in 2013; but the average debt jumped 57 per cent from Rs 47,000 in 2013.
The National Statistical Office (NSO) reported the data based on its 77th round of survey of more than 45,000 such households conducted January 1-December 31, 2019.
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Down to Earth, 11 September, 2021, https://www.downtoearth.org.in/news/economy/indebted-india-over-half-of-farm-households-still-under-debt-78985?fbclid=IwAR26w9zGzWJciMAjCbmgFlbAbe_rmOm3PQb7rbzV_jvsbID0azjaumUqez8