Sample some data on the microfinance performance in India: According to the data provided by www.mixmarket.org, microfinance in India reached close to 270 lakh active borrowers in 2009, with the average loan size close to Rs 8,000. This translates into total borrowing to over Rs 20,000 crore. Though this number seems large, it represents only 0.3% of our GDP. Thus, large swathes of poor, both in our villages and urban...
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Deprivation and disparities by PS Appu
Could India's mock war on poverty ever turn real? India became independent 63 years ago. Since Independence the country has implemented 10 Five Year Plans and a few Annual Plans. Currently the 11th Plan is being executed. Efforts made during the last six decades have resulted in the modernisation of a stagnant economy and India's emergence as a major industrial power. This period also witnessed remarkable progress in agricultural production. But India...
More »India's social audit of schemes draws world attention by Seema Chisti
IF Brazil has its Bolsa Familia, and Mexico its Progresa — schemes for alleviating poverty that have caught the fancy of international organisations — something that India has done recently is making news internationally. India’s system of social audits, that is, independent but local auditing of social programmes to fight poverty, like the Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA), is attracting world attention. A 42-member delegation from 33 countries...
More »More about Dalit hopes and despair by S Viswanathan
Last week's column, “The plight of Dalits and the news media” (October 25, 2010), has generated a lively and interesting response from several readers. The column was about the prioritisation of the tasks before the National Commission for the Scheduled Castes (NCSC) by its new Chairman, P.L. Punia (not P.J. Punia as erroneously mentioned in the column.) The concern of most who wrote was over the failure of successive governments...
More »No right to food yet! by Praful Bidwai
India has missed a historic opportunity to abolish hunger through a universal public distribution system (PDS), which entitles all citizens to affordable food. The National Advisory Council (NAC), a progressive body established by the United Progressive Alliance, was to draft such a law, but has recommended a Bill which greatly reduces the public's entitlements. This is a setback. India's annual per capita cereal consumption has fallen to 174 kg, lower than...
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