>> More than 16,000 farmers have committed suicide in the last 16 years across India's northern Punjab State, unable to deal with the pressures of failed crops and mounting debt. The most common reason cited for this staggering number of suicides, is the inability to repay loans which farmers take out for seeds and fertilizers.
More than half of India's farming households are in debt. And despite write offs by the government, they still owe hundreds of millions of rupees to banks and money lenders.>>
No one was considered for a waiver.>>
>> That's an average of almost 1,000 suicides every year.>> In 2015 alone, nearly 13,000 farmers took their own lives. More than half of them were due to bankruptcy or other farm related debt. The vast majority of victims in these cases were those workers whose plots were smaller than five acres.