The Rs.3,884-crore package for the handloom sector, which includes one-time waiver of overdue loans and interests, approved by the Union Cabinet, is expected to benefit about 3-lakh weavers and 15,000 cooperative societies, which would have access to institutional credit once again. However, the package will benefit only those who took loan before March 31, 2010. “There would be many weavers who had no access to institutional credit in the past and...
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Indian cooperatives grows by 1%, retains leadership in milk production by Mitul Thakkar
In 2010-11, India produced 121 million tonne of milk, which is close to 17% of global milk production. During the year, dairy cooperatives collected 9.6 million tonne of milk, a growth of around 1% over last year. Liquid milk marketing by cooperatives increased by around 4% over the previous year and was about 8.2 million tonne in 2010-11. Explaining that higher GDP growth, increased incomes in rural areas through schemes like...
More »FDI in Retail: Misplaced Expectations and Half-truths by Sukhpal Singh
The central government claims that allowing foreign direct investment into India’s retail sector will benefit small farmers, expand employment and lower food inflation. What has been the experience in India with organised retail so far and what has been the global experience with FDI? Sukhpal Singh (sukhpal@iegindia.org) is currently at the Institute of Economic Growth, Delhi. After being under relentless attack for a week, the United Progressiv Alliance government was forced to...
More »Rs.2,350-crore package for handloom weavers
—PTI The Cabinet on Sunday approved a Rs. 2,350-crore package for crisis-ridden handloom weavers, mostly concentrated in poll-bound Uttar Pradesh. The package is part of a Rs. 6,234-crore scheme for handloom weavers announced last month by Commerce and Industry Minister Anand Sharma at Varanasi following an advice from AICC general secretary Rahul Gandhi, who is extensively touring U.P. in the run-up to Assembly elections. The package comprised Rs. 3,880 crore for the loan...
More »We must view farmers as ‘agri-preneurs', says President by Gargi Parsai
Recognising the impact of schemes such as the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), President Pratibha Patil on Thursday called for their further utilisation in the agriculture sector in the emerging scenario of “farm labour shortage and food security.” The President's comments are significant in the context of Union Agriculture Minister Sharad Pawar's recent letter to Prime Minister Manmohan Singh urging him to suspend the MGNREGS during crop harvesting...
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