-The Tribune The agency-wise share indicates that agricultural credit dispensation in the country is heavily dependent on commercial banks and points towards the poor credit delivery capability of cooperative banks and regional rural banks. THE availability of finance is a key driver of progress in any sector. In the case of agriculture, access to adequate credit assumes vital significance since most of the agriculturists are small or marginal farmers. It has been...
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PM Modi favours rural jobs guarantee scheme recast to help poorest -Saubhadra Chatterji
-Hindustan Times PM Modi had expressed concerns that the utilisation of the funds earmarked for the Mahatma Gandhi National rural Employment Guarantee Scheme (MGNREGS) was skewed in favour of more affluent states instead of poorer states getting more money, two senior officials said, asking not to be named. After Prime Minister Narendra Modi flagged key discrepancies in the jobs guarantee scheme at a recent review meeting on the rural sector, the central...
More »rural demand for FMCG dips 17% in Nov as post-festive consumption slows -Sharleen D'Souza
-Business Standard Urban demand also hit, but not as badly; Overall FMCG sales decline 15.3% MoM and 2.7% YoY rural demand for fast-moving consumer goods (FMCG) in November dropped because of a loss of momentum after the festival season. Please click here to read more. ...
More »India’s agrarian sector needs a budget boost -Yamini Aiyar and Mekhala Krishnamurthy
-Hindustan Times Farm policymaking slowed down after the repeal of three laws in 2021. But the climate crisis, geopolitical instability and inflation have exacerbated the urgency for reforms In November 2021, Prime Minister (PM) Narendra Modi repealed three contentious farm laws in a dramatic turnaround. The entire episode — from the passage of the laws, the protests that followed and the turnaround — had stalled national agriculture policymaking. Yet, as this column...
More »Work demand under MGNREGS at 4-month high, FY23 funds almost exhausted -Raghav Aggarwal
-Business Standard The budgetary allocation for MGNREGS has already been exhausted, if pending liabilities for the financial year are included Demand for work under India’s biggest anti-poverty scheme increased to a four-month high in November, government data showed as budgetary support for it is almost exhausted this financial year. More than 22.5 million people applied for work under the Mahatma Gandhi National rural Employment Guarantee Scheme (MGNREGS) in November, the highest since August....
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