With nearly 60% of the country’s population unbanked and the government pledging to bring banking to the lowest stratum of society, the Indian Institute of Management, Indore (IIMI), has decided to do its bit on financial inclusion. For its annual management summit Ahvan, the institute has decided to unveil a programme called Samanvay, where IIMI students will help underprivileged people in and around the campus open bank accounts and get...
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Insurance cover extended for workers under NREGS
The officials of the labour department decided to extend accidental Insurance cover to 12,000 workers who worked 100 days in the National Rural Employment Guarantee Scheme (NREGS) works. These workers will get accidental Insurance cover up to Rs 2 lakh. They are eligible for pension scheme also implemented by the labour department. The women workers are entitled for maternity benefit. If they contribute to the pension fund, they will get pension....
More »Pre-requisites for sustainable food security by MS Swaminathan
The goal of food for all can be achieved only through greater and integrated attention to production, procurement, preservation and public distribution. The President, in her address to Parliament on June 4, 2009, announced: “My Government proposes to enact a new law — the National Food Security Act — that will provide a statutory basis for a framework which assures food security for all. Every family below the poverty line in...
More »States, companies keen to bring farmers in agri-insurance net
With global warming now becoming a permanent fixture in the Indian agriculture landscape, state governments and insurance firms are rushing to provide crop insurance for farmers. Take the case of Rajasthan, which is now looking at extending agri-Insurance cover across its 33 districts this year compared to 26 last year. Ditto with Himachal Pradesh and Haryana which would run the Rashtriya Krishi Bima Yojana from this kharif onwards. The cover...
More »Crop Insurance Claims Settlement Crosses Rs. 15,500 Crore Mark Benefitting Over 4 Crore Farmers
Crop insurance claims settlement has crossed Rs. 15,500 crore mark, benefitting over 4 crore farmers in the country. Crop insurance claims worth Rs. 15,521 crore have been settled as on 24.06.2010. With Rs. 3041 crore, Gujarat is on the top followed by Andhra Pradesh (Rs.2600 crore), Maharashtra (Rs. 1481 crore), Karnataka (Rs. 1406 crore) and Bihar Rs. (1236 crore). From Rabi 1999-2000 to Kharif 2009, 4.27 crore farmers have benefitted...
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