Life 
of a rural poor may not be as miserable as once depicted by the famous Hindi writer Munshi Premchand. But it would be incorrect to assume that in the last six decades, his miseries have reduced significantly. Since independence, the country witnessed innumerable credit linked poverty eradication schemes coupled with the Utopian slogans like ‘Garibi Hatao.’ Yet, for a majority of the population, life continued to languish under the burden of unserviceable debts. The Green Revolution of the mid 70s made India self-sufficient in terms of food grains, but also led to the emergence of an affluent farming community which could rule as a monopolist in terms of securing both subsidies and Minimum Support Prices.
For Complete IIPM - Article, Click on IIPM-Editorial Link
Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006
of a rural poor may not be as miserable as once depicted by the famous Hindi writer Munshi Premchand. But it would be incorrect to assume that in the last six decades, his miseries have reduced significantly. Since independence, the country witnessed innumerable credit linked poverty eradication schemes coupled with the Utopian slogans like ‘Garibi Hatao.’ Yet, for a majority of the population, life continued to languish under the burden of unserviceable debts. The Green Revolution of the mid 70s made India self-sufficient in terms of food grains, but also led to the emergence of an affluent farming community which could rule as a monopolist in terms of securing both subsidies and Minimum Support Prices.For Complete IIPM - Article, Click on IIPM-Editorial Link
Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006
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