Global competitiveness Indian agriculture has to be of better quality and low priced. The situation worsened and in 1997 the debt burden of agriculture farmers of India stood at Rs. 5700.19crores. Despite the record production the farmers are poor 85 percent of India’s farmers are reeling under heavy debt burden. Exorbitant rates by moneylenders in the state charge from 18 per cent to 30 per cent make in-fact impossible to return the money and resort to more indebtedness. When we talk of socio- economic status, the issue of farmers committing suicides takes a top priority. Farmers have been committing suicides increasing day by day in India over the last few years. Suicides by cultivators and agriculture laborers have been reported in India since the mid 1980s. This is caused by a multi-dimensional crisis of the rural in the post-green revolution phase of agricultural development