-The Telegraph Funding small entrepreneurs will require more bank loans, preferably collateral-free, which will generate more NPAs The government has been compelling banks to adopt a softer lending policy to promote self-employment. The Pradhan Mantri Mudra Yojana, launched in 2015, provides collateral-free loans to small entrepreneurs outside the farming sector in three categories: Rs 50,000 loan in the ‘Shishu’, Rs 5,00,000 in the ‘Kishore’ and Rs 10,00,000 in the ‘Tarun’ segments respectively....
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MPs' Development Funds Unspent = Cost Of Building 100,000 Houses After Cyclone Gaja -Faizi Noor Ahmad
-IndiaSpend.com Mumbai: Members of Parliament (MP) in the 16th Lok Sabha utilised 85% of the developmental funds they were allocated, leaving 15% unutilised--Rs 1,806.08 crore of the total amount of Rs 12,051.36 crore, a remainder larger than the Rs 1,700 crore that the Tamil Nadu government will spend to build 100,000 houses for people displaced by Cyclone Gaja. MPs from Meghalaya, Delhi, Chandigarh, Gujarat and Sikkim led the country in utilising their...
More »Rural India buying less of consumer products due to falling income -Viveat Susan Pinto & Shally Seth Mohile
-Business Standard Falling incomes and longer winter to translate into lower demand for at least some months The new financial year is not much cheer to companies which generate a large chunk of sales in rural India. Their chief executives say slowing economic growth and falling rural wages are leading to a sharp fall in demand, one that will reflect in the next few quarters. A longer winter season has delayed offtake of...
More »Jobs or doles: which is the way forward? -Mahendra Dev & Pronab Sen
-The Hindu Governments can provide direct cash transfers while creating conditions for employment With the Congress promising through the Nyuntam Aay Yojana (NYAY) scheme ?6,000 every month to the poorest 20% of households if voted to power, Mahendra Dev and Pronab Sen talk of the importance and problems of direct cash transfers. Providing social protection is important even as governments try to create conditions for income-generating activities, they say in a discussion...
More »A bitter harvest: farmers reap what politicians sow -Jayaraj Sivan
-The Times of India Farmer unrest in Tamil Nadu is a much-debated subject on the eve of the Lok Sabha polls. However, the widespread agrarian distress has been in the making for decades as successive governments have had little understanding of the sector’s problems. Now that elections are here, farmers, who are an influential group in most of the constituencies, are again the focus of political campaigners. “Both the Congress and the...
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