The government on Tuesday said employment has risen in the khadi and village industries, particularly in agro-units, on account of rise in agricultural production and processing. "The Department of Agriculture and Cooperation, the Ministry of Agriculture has reported that employment in agro- industries is growing with an increase in agricultural production, processing...," Minister of State (Independent Charge) for Micro, Small and Medium Enterprises (MSMEs) Dinsha Patel said in a written reply...
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Micro finance, macro objectives by Krishnamurthy V Subramanian
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...
More »A Deadly Misdiagnosis by Michael Specter
Every afternoon at about four, a slight woman named Runi slips out of the cramped, airless room that she shares with her husband and their sixteen children. She skirts the drainage ditch in front of the building, then walks toward the pile of hardened dung cakes that people in this slum on the edge of the northeastern Indian city of Patna use for fuel. Dressed in a bright-yellow sari shot...
More »RBI data show decline in credit flow to agriculture
There has been a significant pick up in credit flow to industry, services and personal loan segments during the current financial year. However, credit flow to agriculture has declined further, data released by the Reserve Bank of India as part of Macroeconomic and Monetary Developments Second Quarter Review 2010-11 shows. While credit flow to industry was highest at Rs 1,07,386 crore, credit flow to agriculture contracted by Rs 13,481 crore during...
More »The hunger enigma by MS Swaminathan
The forthcoming India visit of the US President, Mr Barack Obama, accompanied by Mr Thomas J. Vilsack, secretary of agriculture, and Dr Rajiv Raj Shah, administrator, United States Agency for International Development (USAID), is significant in the context of strengthening the Indo-US partnership in the field of agriculture production and sustainable food security. Several related issues will be discussed in Mumbai on November 6 and November 7 where an agriculture...
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