There has been a significant pick up in credit flow to industry, services and personal loan segments during the current financial year. However, credit flow to agriculture has declined further, data released by the Reserve Bank of India as part of Macroeconomic and Monetary Developments Second Quarter Review 2010-11 shows. While credit flow to industry was highest at Rs 1,07,386 crore, credit flow to agriculture contracted by Rs 13,481 crore during...

One billion people worldwide still live in extreme poverty Agricultural growth remains central to poverty reduction, as one billion people worldwide continue living in extreme poverty, many of them in rural areas, a World Bank Group on agriculture, the Independent Evaluation Group (IEG), said in a report released on Tuesday. Drawing on the World Bank Group's (WBG) experience in supporting agricultural growth in the past decade, the report — Growth and Productivity...

The Bihar Rural Livelihoods Promotion Society, JeeVika, a state-led women’s self-help group, is active since 2007. Based on primary research, this article highlights the potential role of the individual rural woman – the didi – in driving the social and economic shifts necessary for sustainable poverty reduction in rural Bihar. The term didi is used to address an elder sister. It embodies the notion of respect. Traditionally, the term has remained...

‘Improved law and order gave the vital impetus'  ‘State Govt. has ushered in wide-ranging reforms' ‘Development expenditures have increased' One of India's poorest State Bihar has started turning around based on the all-inclusive reforms initiated by the State Government, including improved law and order and higher public expenditures, the World Bank has said. “There are visible signs of a turnaround where the Bihar Government has been implementing wide-ranging reforms. State revenues and development...

This is a budget crafted for, and perhaps by, the corporate farmer and agribusiness. The real heroes of India's success story were our farmers. Through their hard work, they ensured “food security” for the country.— Pranab Mukherjee, interim budget speech Feb. 16, 2009 This Budget belongs to 'Aam Aadmi'. It belongs to the farmer, the agriculturist, the entrepreneur and the investor. — Pranab Mukherjee, budget speech, Feb. 26, 2010 Gee! Another pro-farmer budget....