-The Tribune Chandigarh: One of the main reasons for a large number of suicides in the agriculture sector is debt. It is an established fact that Punjab farmers turn to non-institutional sources of credit despite a large network of banks in the state. At least 52.77 per cent rural households in the state are dependent on non-institutional sources for loans, says Dr Satish Verma, Professor, Reserve Bank of India Chair, CRRID. He...
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High Time Odhisha adopted rural housing policy-Manas Jena
-The Pioneer Bhubaneswar: Home is an integral part of life and determinant of standard of living and progress of society. Rural Odisha witnesses a very poor standard of habitation and lack of proper housing for lakhs of poor people who are dreaming of a house of their own to live with dignity. Socio-cultural barriers, landlessness and lack of credit for housing are some of the major reasons which deprive rural poor of...
More »Agricultural Debt Waiver and Debt Relief Scheme (ADWDRS), 2008
-Press Information Bureau (Ministry of Finance) Loan waiver to farmers was provided by the Central Government under Agricultural Debt Waiver and Debt Relief Scheme (ADWDRS), 2008. Under the scheme, direct agricultural loans disbursed by Scheduled Commercial Banks, Local Area Banks, Cooperative Credit Institutions and Regional Rural Banks between 1st April, 1997 to 31st March, 2007 to farmers, which were overdue as on 31st December, 2007 and remained unpaid upto 29th February, 2008...
More »‘Village reps unaware of MGNREGA rules’ -RR Srivastava
-The Pioneer Hazaribagh (Ranchi): When we go to the field to check the works going on under MGNREGA scheme always some new problems and matters arises before us which never comes through the social audit. It clearly says that MNREGA social audit needs some more good exercises so that all the field problems should come through it, said the Deputy Commissioner Hazaribagh in the social audit cum jan samwad program organized...
More »Kerala govt mulling waiver of stamp duty for farm loans
-The Hindu Thiruvananthapuram (Kerala): The government is considering a proposal to exempt stamp duty on agricultural loans issued by commercial banks. Finance Minister K.M. Mani told a meeting of the State Level Bankers Committee (SLBC) here on Monday that a decision on the issue would be taken soon after assessing the financial implications. Pointing to the substantial share of commercial banks in primary sector credit, the last meeting of the SLBC had...
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