Agricultural Crisis and Farmers Suicides in India
K. Reddy Sai Sravanth1, N. Sundaram2
1K. Reddy Sai Sravanth, Department of Commerce, Vellore Institute of Technology, Vellore, India.
2Dr. N. Sundaram, Department of Commerce, Vellore Institute of Technology, Vellore, India.
Manuscript received on 21 August 2019. | Revised Manuscript received on 04 September 2019. | Manuscript published on 30 September 2019. | PP: 1576-1580 | Volume-8 Issue-11, September 2019. | Retrieval Number: K18550981119/2019©BEIESP | DOI: 10.35940/ijitee.K1855.0981119
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: Agricultural sector is the main income for the rural people in India. It plays a significant role in their life. In India, small and marginal farmers account for 70%, according to the 2011 census of the Government of India. These small and marginal farmers took credit from banks and private money lenders. The non-repayment of credit led to an agricultural crisis and farmers’ suicide. This study focused on the reasons that caused such a disaster. The study rests on a review of the literature which was extracted from journals, reports, and newspapers from 2004 to 2019. The review identified the following reasons for the agricultural crisis and farmer’s suicides- poverty, indebtedness, crop failures, distress, lack of awareness on new technologies, inadequate debt, marketing of produce, the high interest of non-institutional credit, and depletion of water levels. The article concluded noting that -the government had to shift its focus from industries to agriculture and shift its agricultural policies from short-term to long- term ones.
Keywords: Agricultural crisis, Distress, Economic conditions, Farmer’s suicides.
Scope of the Article: Agricultural Informatics and Communication