With merely $ 100 Billion loan to govt, USA can solve myriad problems of rural India

By : Hem Raj Jain

Dear Sir / Madam -- In addition to launching HR-NGO in India as explained at https://groups.yahoo.com/neo/groups/kashmir-global-network/conversations/messages/49677 USA should also persuade India to take loan of ~ $ 100 Billion and itself should give or persuade IMF/ World Bank / China etc to give this loan to government (of Union and or States of India) for purchasing farm lands from farmers (which have become unproductive due to small & marginal land holdings). This ~ $ 100 Billion will be enough, as explained below, to purchase 75% of small & marginal agricultural land by government which can be cultivated in large farms by government. This will not only be productive & profitable to enable government to repay this loan in ~ 20 years but will also have labor laws (including statutory minimum wages etc) for farm laborers (which will have salutary effect on remaining two third of total productive farmland too, to be left with private persons):- As per the Agriculture Census 2010-11, out of ~ 3.3 Million Square Kilometer or 330 Million Hectares of total land area of India the agricultural land is ~ 160 Million Hectares. The total number of operational holdings in the country are ~ 140 Million and average size of operational holding is 1.5 Hectares. The small and marginal holdings taken together (below 2 Hectare) constituted ~ 85 % and the operated area at 45 % which is ~ 72 Million Hectares. - [The semi medium & medium holdings taken together (2 to 10 Hectares) constituted ~ 14 % and the operated area at 45 % and the large holdings (10 & above 10 Hectares) constituted ~ 1 % and the operated area at 10 %.] Assuming ~ 75% of small and marginal farmers will be interested in selling their farmland it comes to ~ 55 Million Hectares (one third of total farmland in India) which can easily be purchased by government on average (for irrigated and non-irrigated land) at the rate of Rupees one hundred thousand per Hectare which will cost ~ 5.5 Trillion (Lakh Crore) Rupees. Where cost is more than 1 Lakh per Hectare for irrigated land it can be given in installments and another ~ 1.1 Trillion Rupees as input cost (Rs. Twenty Thousand per Hectare) for first crop will take total cost to Rupees ~ 6.6 Trillion or ~ 100 Billion U.S. Dollars. Arranging this loan of merely ~ 100 Billion Dollars for India is a very ordinary task for USA which as a leader of free world USA should carry out in the interest of protecting human-rights-friendly secular democratic political system in India. Regards Hem Raj Jain (Author of ‘Betrayal of Americanism’) Edina - MN, USA.

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