Question : All India Debt and Investment Survey-2019

(a) whether the Government has recently conducted the latest survey on All India Debt & Investment Survey- 2019 as a part of 77th round of National Sample Survey (NSS);

(b) if so, the details thereof including the outcome of the survey;

(c) whether more than 50 per cent of agricultural households in India were in debt with an average outstanding loan per household around Rs 75 thousand in 2019;

(d) if so, the Government’s reaction thereto;
(e) whether nearly 70 per cent of the outstanding loans were taken from institutional sources like banks, cooperative societies, and Government agencies in comparison to 20.5% of loans from professional money lenders;

(f) if so, the Government’s reaction thereto; and

(g) the other remedial steps being taken by the Government in this regard?

MINISTER OF STATE (INDEPENDENT CHARGE) OF THE MINISTRY OF STATISTICS AND PROGRAMME IMPLEMENTATION; MINISTER OF STATE (INDEPENDENT CHARGE) OF THE MINISTRY OF PLANNING AND MINISTER OF STATE IN THE MINISTRY OF CORPORATE AFFAIRS [RAO INDERJIT SINGH]

(a) to (d): The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation (M/o S&PI) has conducted the latest survey on All-India Debt & Investment Survey during the period January – December, 2019 as a part of 77th round of National Sample Survey (NSS). The outcomes of the survey including the details of the debt burden on households and average outstanding loan per household are given at Annexure-I. Further, to reduce the debt burden of farmers, the Government has taken various initiatives such as Pradhan Mantri Kisan SAmman Nidhi (PM-KISAN), Pradhan Mantri Fasal BimaYojana (PMFBY), Rashtriya Krishi Vikas Yojana (RKVY), National Food Security Mission (NFSM), National Mission for Sustainable Agriculture (NMSA) etc.

(e) to (g): As per the survey, the details of the debt taken from institutional and non-institutional sources is given at Annexure-II. The Government of India, has inter-alia, taken the various major initiatives to reduce the debt burden of farmers and thus freeing them from the clutches of money lenders. These schemes/initiatives include Kisan Credit Card (KCC) Saturation drive to ensure concessional institutional credit to all eligible farmers in the country, income support of Rs. 6000 per year to farm families in 3 equal installment through Pradhan Mantri Kisan SAmman Nidhi (PM-KISAN), Pradhan Mantri Fasal Bima Yojana (PMFBY), formation of Joint Liabilities Groups (JLG’s), Rashtriya Krishi Vikas Yojana (RKVY), National Food Security Mission (NFSM), National Agriculture Market (e-NAM), National Mission For Sustainable Agriculture (NMSA), Pradhan Mantri Kisan Maan-Dhan Yojana (PM-KMY) etc.

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