-PTI NEW DELHI: Most farmers in India are aware of MGNREGA scheme but not about the minimum support price (MSP) for crops fixed by the Centre to avoid distress sale, according to a study by research body CSDS. Also, 76 per cent of farmers surveyed prefer to do some other work rather than farming, while 60 per cent of them want their children to migrate to cities, the Centre for the Study...
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‘RuPay’ card to benefit farming community
-The Hindu Ryots can use it at all bank ATMs to withdraw cash to buy fertilizer or seed TIRUPATI (Andhra Pradesh): ‘RuPay', the multipurpose smart card envisaged to enable payments from various financial institutions to beneficiaries through an impressive network of ATMs, is all set to benefit the farming community more than ever before, said National Bank for Agriculture and Rural Development (NABARD) Chairman Harsh Kumar Bhanwala. Speaking after releasing and distributing the...
More »Direct cash transfers: 'The previous system was so much more convenient' -Ruhi Tewari
-The Indian Express Rajasthan/ Delhi: Three states where the UPA govt has rolled out direct cash transfers go to polls later this year. On the ground, the scheme has not quite turned out the game-changer the government reckoned it would. A frail Gori Sahaab, 90, instructs his son to pour mustard oil into a tiny diya in his one-room house. He once used a kerosene lamp but has stopped buying that fuel....
More »Kisan Credit Cards buoy rural demand- Dinesh Unnikrishnan
-Live Mint In the two years to March 2012, the number of Kisan Credit Cards grew by 28%, while the outstanding amount grew by 76% So far, the rural job-guarantee scheme, other social programmes by state governments and the raising of minimum support prices to farmers have been cited as reasons for the continued buoyancy in rural consumption and also for inflation in food items. But there could be another insidious...
More »Kisan Credit Cards: Bad loan bubble waiting to burst?-Dinesh Unnikrishnan
-Live Mint Subsidized loans given to farmers through KCCs could very well be the next big source of NPAs for banks Mumbai: A surge in exposure to farm debt through Kisan Credit Cards (KCCs) could emerge as a risk for India's state-run banks, according to experts. Subsidized loans are given to farmers through KCCs by state-owned banks. Until March 2012, the outstanding amount on such loans was`1.6 trillion through 20.3 million cards, as...
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