Average debt of farm households up 57% in five years till 2018 https://indianexpress.com/article/india/average-debt-of-farm-households-up-57-in-five-years-till-2018-7501765/ Harikishan Sharma Updated: September 11, 202
More than 50 per cent of the increase in income was on account of higher monthly wages, which almost doubled to 4,063 in 2018 compared with Rs 2,071 in 2013.
The survey also revealed the number of agricultural households with outstanding loans at 4.67 crore during July-December 2018, about one lakh less than the 2013 estimate. The number of agricultural households was estimated at 9.30 crore during 2018-19.
Of the Rs 8,337 average monthly income (based on ‘paid out expenses’ approach) per agricultural household, Rs 4,063 came from wages; Rs 134 from leasing out of land; Rs 3,058 as net receipt from crop production; Rs 441 as net receipt from farming of animals; and Rs 641 as net receipt from non-farm business.