Hon. Prime Minister
India
Dear Sir,
I have been
thinking and have something to say on how to prevent it.
(1)Insurance
Sector has got its boost with FDI and it must come forward to promote
agriculture
.
(2)Farmer's
loan be insured by the bank while lending under suitable insurance scheme,
to cover the
loan amount plus a value of his labour he invests. A base price index of his
produce may
be created to make valuation of his labour for that particular crop .
Synchronization
of loan, labour and sales price of the produce must be created.
(3)In
unfortunate case of loss in agriculture or due to market price fluctuations,
the
farmer will
get his loan adjusted from insurance (like crop insurance) and will also get
some money
to sustain himself from loss of profit.
(4) The
added advantage is that this insurance based loan repayment will prevent the
securitization
of his land holding also which kills his family and makes landless after his
suicide.
(5) Lastly,
this scheme comes with no or little requirement of Governmental spending
for this
purpose.
Hope this
may help.
Always with
you,
Always at
your service for the Bharat.
Yours
Faithfully
Sati Shankar
www.satishankar.com
Written for
Pradhan Mantri ji's Man Ki Baat, 22 March 2015, through MyGov.
https://www.scribd.com/doc/259442402/How-to-Prevent-Farmer-s-Suicides
https://www.scribd.com/doc/259442402/How-to-Prevent-Farmer-s-Suicides
