After taking multiple economic hits in his household, Gurvinder Singh, a 47-year-old farmer in Gurdaspur, in India’s Punjab state, took a million-rupee loan ($11,000) from a private lender to marry off his eldest daughter. He saved a portion of that and used it to sow 3 acres (1.2 hectares) of paddy.
He placed his bet on the high-yielding pearl variety of aromatic Basmati rice. A good sale would have given him an earning of nearly 1 million rupees per acre ($11,400 per 0.4 hectares).
