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Collateral-free loans offer hope to women -Sidhartha K

-The Times of India NEW DELHI: Until recently, Rajni, who lives in Tilak Nagar in west Delhi, used to work in a boutique. Now, she has decided to have her own setup, for which she has borrowed Rs 50,000 from Punjab National Bank. "I haven't decided whether I will take up a place or do it from home," she said. In Bawana, on the outskirts of Delhi, Kamla has taken a loan from...

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India's Handloom Challenge Anatomy of a Crisis -Ashoke Chatterjee

-Economic and Political Weekly The Indian weaver is dismissed in high places as an embarrassing anachronism, despite demand for his or her skills and products. In the new millennium, globalisation and a mindless acquiescence to imported notions of a good life threaten to take over, even as the West looks East for better concepts of sustainable living. Analysing today's crisis in the handloom sector, plagued by low-cost imitations from power looms,...

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Weaving together heritage and social equity -SK Panda

-The Hindu Business Line The Prime Minister will launch the India Handloom brand today, the country’s first National Handloom Day India’s handloom fabrics are an integral part of the rich culture and heritage of India, and are appreciated world over for their colour, texture and design. During our freedom struggle, Mahatma Gandhi had stressed the need for hand spinning, handloom weaving and wearing India-made fabrics; thus khadi became an integral part of...

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Kudumbasree to try poultry farming

-The Hindu Kozhikode: Around 35 Kudumbasree units in the limits of Maruthongare grama panchayat are all set to venture into large-scale poultry farming by forming an exclusive society of entrepreneurs. Bharath Sevak Samaj (BSS) will coordinate the implementation of the scheme. Each of the 35 unit will get a financial aid of Rs.15,000 to set up the farms. At present, around 350 women are part of these 35 Kudumbasree units in the...

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PM launches Mudra bank to ‘fund the unfunded’ small entrepreneurs

-Hindustan Times Prime Minister Narendra Modi on Wednesday launched the Mudra bank which will provide loans of up to Rs 10 lakh to small entrepreneurs including shopkeepers and beauty parlour owners, hoping that it will promote growth and create jobs. Short for Micro Units Development and Refinance Agency Bank, the financial institution will act as a regulator for micro-finance institutions (MFIs). Mudra Bank will have a corpus of Rs 20,000 crore, Modi said...

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