When lenders do not honour these consumer protection obligations, when they fail to point out to their customers the options open to them, or worse, when they mislead or bring their customers to pay more interest than they should, the Central Bank acts forcefully.
While wheat yield has increased from 82% to 93% of world average, paddy yield has stagnated and maize yield has drastically dropped by 98% to 40% of world average. Third, the average size of farm holdings has steadily declined. Out of India’s 116 million farmers, about 60% have less than 1 hectare and together they farm just 17% of the land.