-The Hindu Madurai (Tamil Nadu): Following a wane in farming activities - the only means of livelihood for a large number of villagers - owing to failure of rain and other intangible reasons, women in rural areas have sought refuge in self-help groups (SHGs) for income generation. There is a proliferation of women SHGs in villages across Madurai district. They get help from non-governmental organisations (NGO) and National Bank of Agriculture and...
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Women entrepreneurs face constraints in accessing finance
A new report entitled Improving Access to Finance for Women-owned Businesses in India (2014), jointly produced by the International Finance Corporation (IFC) and Government of Japan, underlines the importance of lending to women-owned micro, small and medium enterprises (MSMEs)* in India (see the link below). It discusses the problem of accessing finance faced by women entrepreneurs despite them having stronger repayment track records vis-à-vis men (non-performing loans are 30 to...
More »Aadhaar, no more than a framed photograph -Amruta Byatnal
-The Hindu The aim of the Unique Identification Number was to make access to bank accounts easier but the first Aadhaar card holder is still not eligible for loans In September 2010, Ranjana Sonawane became the first person in the country to get an Aadhaar card when the Unique Identity (UID) project was flagged off with much fanfare in Tembhli village in Maharashtra. But today, what is unmistakeable is the disappointment the tribal...
More »Who foots the huge dole for business? -Latha Jishnu
-Down to Earth Bad loans of public sector banks to business are more than double the food subsidy There are some things you simply do not do in the liberalised economy. You do not put bank loans under the lens-unless these are ballooning out of control. That is, until such loans are likely to jeopardise the entire banking system and send the economy into a tailspin. And there's another thing: you don't...
More »Blaming poor returns, 61% farmers ready to quit and take up city jobs: survey
-The Hindu Business Line Faced with inadequate returns, a significant chunk of farmers in the country are ready to quit farming if they get alternative job opportunities in urban areas, says a nation-wide study commissioned by Bharat Krishak Samaj and conducted by CSDS. The study - Report on the State of Indian Farmer - reveals some alarming facts, with 47 per cent of those surveyed believing that the overall condition of...
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