-The Economic Times Farm sector has sought reforms in supply chain infrastructure, rationalisation of subsidies, decentralised handling of foodgrain, and higher resources to farm productivity and ensure food security. Presenting its pre-budget wish list to the Finance Minister Pranab Mukherjee, a delegation of farmers and sector experts said there was a need to boost investment in farm sector to tackle food inflation. Farm sector growth is likely to be 3-3.5% in 11th...
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Kisan credit cards to double up as debit cards by Dheeraj Tiwari
The nearly 10 crore farmers who hold kisan credit cards (KCC) will soon be able to use their card as a deposit account and a debit card. This will help the government scale up its financial inclusion plan quickly without relying on bank accounts alone. KCC, which has been instrumental in faster delivery of credit to farmers, is like an overdraft account with a bank that has to be operated through a...
More »Unique ID better than PC smart card: Montek by Nishit Dholabhai
The Planning Commission today said Nandan Nilekani’s unique identification (UID) numbers were a more practical option than P. Chidambaram’s smart cards when it comes to electronic transfer of benefits to the rural poor. Plan panel deputy chairman Montek Singh Ahluwalia said the UID numbers could be used even through “mobile telephones while the smart card can only be read by a card-reader”. The commission and the home ministry have both been pushing...
More »Job scheme wages through Aadhaar launched in Jharkhand
-The Hindu To overcome the delay in payment of wages to the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) workers in Jharkhand, allegedly owing to administrative apathy, the Unique Identification Authority of India (UIDAI) has piloted a project in Jharkhand. Under the project, online authentication and Aadhaar Enabled Payment System (AEPS) in respect of MGNREGS was conducted in three blocks of three districts. First time in India For the first time in India,...
More »Rural women turn bankers by Gagandeep Kaur
Neglected by conventional banks, low-income women in Satara have set one up themselves. Not long after Chetna Gala Sinha came to the drought-stricken region of Mhaswad in western Maharashtra to marry a farmer and prominent local social activist, she began putting her university degree in finance into action. Local women, she observed, were wearing themselves out in subsistence livelihood such as growing grapes or selling vegetables. In 1992, Chetna, who grew up...
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