Vicious Farm Cycle: Can’t Repay Loans, Don’t Get Crop Insurance Cover
A customer speaks with an employee inside a branch of Gramin Bank of Aryavat (GBA), sponsored by Bank of India, in the village of Khurana, Uttar Pradesh, India. (Photographer: Prashanth Vishwanathan/Bloomberg)

Vicious Farm Cycle: Can’t Repay Loans, Don’t Get Crop Insurance Cover

Suresh Dhoble, 55, a small farmer in Osmanabad, Maharashtra, borrowed Rs 1 lakh two years ago to sow soybeans and pulses in his three-hectare farm. But he stopped the bank repayments a year ago, wh...
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