-The Indian Express Building on the Jan Dhan framework, India should move from price to income support Financial inclusion is an important policy pillar of the Narendra Modi government to ensure inclusive development (sabka saath, sabka vikas). What it means, in brief, is to mainstream financial services for the masses, especially credit at affordable costs from institutional sources. This is not the first time financial inclusion is being given a thrust. Various...
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Banking is a child’s play for these slum kids in Ranchi -Saumya Mishra
-Hindustan Times Ranchi: Bankers come in pint size at an urban slum in Ranchi. And they run a bank for the children, by the children and of the children. Ten-year-old Nisha Kumari has an account in the bank — Children’s Development Khazana (CDK)—which opened in 2014. And her small pleasures of childhood is not held hostage to the priorities of her poor family. “During Durga Puja last year, a few relatives had visited...
More »A bank account for Mary -Jayshree Venkatesan
-The Hindu The PMJDY celebrates success on its website, but thousands of Marys remain outside the banking system. This won’t change unless the scheme alters both design and implementation A few months ago, when the Pradhan Mantri Jan Dhan Yojana (PMJDY) was still being spoken of as a success for the largest number of accounts opened in a day, earning the government a Guinness world record, I visited the branch of a...
More »Nabard Can Help Weather Rural Financial Distress -Charan Singh
-The New Indian Express The financial distress in the rural sector, especially borne by the farmers and reflected in farmer suicides, is a matter of concern for the nation. The rural economy housing nearly two-thirds of the population is vital for the development of the nation as it not only supplies food for consumption but also provides a market for industrial output. The rural people, due to lack of awareness of...
More »Cash for Food--A Misplaced Idea -Dipa Sinha
-Economic and Political Weekly Direct benefi t transfers in the form of cash cannot replace the supply of food through the public distribution system. Though it is claimed otherwise, DBT does not address the problems of identifying the poor ("targeting") and DBT in place of the PDS will expose the vulnerable to additional price fluctuation. Further, if the PDS is dismantled, there will also be no need or incentive for procurement...
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