Funding agency for rural NGOs may be on its last legs IT IS a government agency that was set up specially to fund non-profits working on rural development. But of late the Council for People’s Action and Advancement of Rural Technology (CAPART) has been plagued by allegations of corruption and inefficiency. After a few failed attempts to reform CAPART, the government has now decided to overhaul the agency which has close...
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Andhra Pradesh plans 67,000-cr Agribusiness zone
-The Economic Times After emerging as one of the pioneers in the investment regions of petroleum products and information technology, Andhra Pradesh is now weighing the benefits of promoting an Agribusiness Investment Region (ABIR) involving major agri clusters in three of its geopolitical regions. The proposed ABIR project in Andhra Pradesh, to be taken up in a public private partnership (PPP) model, involves setting up an integrated infrastructure for rural business and...
More »Extreme Poverty Drops Worldwide by Nikhila Gill
The world has achieved its first Millennium Development Goal of cutting extreme poverty in half ahead of the 2015 deadline, a study by the World Bank shows. The bank defines extreme poverty as living on under $1.25 per day, adjusted for purchasing power parity. According to the report, released this week, 1.29 billion people, or 22 percent of the developing world’s population, live below $1.25 a day, down from 52 percent...
More »Small loans add up to lethal debts by Erika Kinetz
-AP The microfinance industry pursued a path of rapid business growth in recent years; two investigations now link it to debtor suicides First they were stripped of their utensils, furniture, mobile phones, television sets, ration cards and heirloom gold jewellery. Then, some of them drank pesticide. One woman threw herself into a pond. Another jumped into a well with her children. Sometimes, the debt collectors watched nearby. More than 200 poor, debt-ridden residents of...
More »Centre's initiative to provide livelihood for tribals in naxal-affected areas by K Balchand
Foundation to be set up with a corpus fund of Rs. 500 crore The Centre is in the process of setting up a foundation with a corpus fund of Rs. 500 crore to provide a livelihood to tribals in about 900 blocks, spread over 170 districts of nine States, to strengthen its anti-naxalite campaign. The latest proposal, evolved jointly by the Ministry of Rural Development and the Planning Commission, envisages a concerted...
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