-Business Standard But RBI data suggest that by replacing interest subsidy with crop insurance, government can use about Rs 12,500 cr to facilitate crop insurance scheme If a recent recommendation of the Reserve Bank of India (RBI) on crop loan subsidy is approved by the government, agricultural loans are set to become as costly as home loans or car loans. RBI has suggested interest subvention on crop loans should be phased out,...
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RBI asks banks to extend loans to women SHGs at 7% rate
-PTI Mumbai: The RBI today asked banks to provide loans up to Rs 3 lakh at 7 per cent interest rate to Women Self-Help Group (SHG) under the National Rural Livelihoods Mission (NRLM)-Aajeevika scheme during 2015-16. “All women SHGs will be eligible for interest subvention on credit up to Rs 3 lakhs at 7 per cent per annum. SHG availing capital subsidy under Swarnjayanti Gram Swarojgar Yojana (SGSY) in their...
More »70% of women may not be able to contest Haryana panchayat polls, courtesy SC ruling
-TheNewsMinute.com The law will disproportionately affect women, and among them, Dalit women The Supreme Court on Thursday upheld a Haryana law which would make 83 percent of Dalit women and 71 percent of women in general ineligible to participate in grassroots democracy. The Supreme Court upheld amendments to a law that the Haryana Assembly passed earlier this year. Elections to panchayats scheduled for October were postponed after the All India Democratic Women’s Association...
More »CSE report probes why crop insurance schemes are failing
Agricultural insurance is supposed to protect farmers from financial hardships and risks when crop losses and damage takes place due to extreme weather events such as drought, cyclone, hailstorms, flood etc. However, in reality this does not hold true in India. Due to the failure of crop insurance schemes in India, there has been a deepening of agrarian crisis and rural distress in the recent times, particularly in the backdrop of...
More »Rural distress: Droughts in food bowl likely to push farmers to cities -Komal Amit Gera
-Business Standard Drop in wheat acreage evidence of stress in agriculture Chandigarh: Two consecutive drought years have led to rural distress in the food bowl states. At some places, this has become even worse due to the attack of the white pest. Sahiblal Shukla, a farmer in Chitrakut in Uttar Pradesh , who has spent his lifetime in ploughing fields says that, “farmers in Bundelkhand area of the state may soon pack their...
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