-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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From prosperity to penury -Ajoy Ashirwad Mahaprashasta
-Frontline NAIB SINGH hanged himself a fortnight ago in the land he had been tilling for five years at Bareh village in Mansa district of Punjab. He had hoped for a successful rabi wheat crop, but unseasonal rains reduced him to further penury. The 25-year-old left behind a debt burden of Rs.10 lakh for his family. His mother, Mahinder Kaur, does not know whether to mourn her son's death or lament...
More »In true colours -Sudhir Kumar Panwar
-Frontline The BJP-led NDA government has, in the two Budgets it has presented so far, revealed itself to be very different from the pro-farmer image that its leading election campaigner and now Prime Minister, Narendra Modi, projected. THE Bharatiya Janata Party's manifesto for the 2014 Lok Sabha election states: "Agriculture is the engine of India's economic growth and the largest employer, and BJP commits highest priority to agriculture growth, increases in...
More »The Invisible Casualties of India's Agrarian Crisis -Niha Masih & Shyam Balasubramanian
-NDTV Lucknow: Unseasonal rain and hailstorm in March have brought Uttar Pradesh to the brink of an agrarian crisis, affecting 25 of the state's 80 districts. Crop losses have dealt a particularly severe blow to landless farmers, who are emerging the invisible casualties of the agrarian crisis. Unseasonal rain has destroyed crops on large tracts of farmland. And landless farmers, who usually till farmlands leased or rented from landowners, fall through...
More »Alone, with the mounting loan -Tomojit Basu
-The Hindu Business Line Farmers across Uttar Pradesh and Punjab lament weather woes and lack of social security Consumers may be bracing themselves for rising prices of vegetables and fruits, but the unseasonal heavy showers and hailstorms through the first half of March have already dealt a significant blow to farmers across much of the northern, central and western belts. Agriculture Ministry estimates earlier this week showed that Rabi crops in about 181...
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