-The Hindu The Central government’s decision this week to extend the Interest Subvention scheme on bank loans given to land-owning farmers at 7 per cent is essentially a welcome move. This is especially so in a context where there is no real clarity on how the current monsoon will turn out to be, running at a deficit of 7 per cent as it does currently. With an additional subvention component of...
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Rural poor may get 90% more funds to build houses under new scheme -Saubhadra Chatterji
-Hindustan Times Poor people in rural India may get 90% more funds to build their houses with the government planning to revamp the rural housing scheme, Indira Awas Yojna (IAY). The scheme — likely to be redesigned as the national Grameen Awas Mission — currently offers beneficiaries Rs 70,000 to build a house and Rs 8,000 for a toilet. The Centre is planning to hike this allocation to up to Rs 1.48...
More »Realty sector: Getting the foundation right
-The Indian Express As several steps taken by the Centre for the sector hangs fire, clarity and implementation of ‘Housing for All’ scheme would be the key for its success. The Union Cabinet approved its flagship ‘Housing for All’ scheme this week, with a 2022 target and a renewed emphasis on the low-income group categories by way of relaxed income limits and higher Interest Subvention. While the government seems to have struck...
More »NREGS workdays might be increased to 150 to fight drought -Arup Roychoudhury
-Business Standard Interest Subvention, crop insurance on the cards The finance ministry is working on a plan to increase the number of workdays in the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) from 100 a year per person per household to 150 in areas receiving low monsoon rain. The government might also provide Interest Subvention and crop insurance in drought-affected regions through the e-Financial Management System (eFMS). “Since the eFMS contains the data...
More »Monsoon in India: Rain deficit to hit several crops -Banikinkar Pattanayak
-The Financial Express The Narendra Modi government has pledged to employ all machinery at its disposal to deal with a second straight year of deficient monsoon. The Narendra Modi government has pledged to employ all machinery at its disposal to deal with a second straight year of deficient monsoon and denied an impending distress in the vulnerable pockets of the country, but a dispassionate look at the ground situation would show there...
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