The Government is finalising the blueprint for a scheme to enable a vast majority of the urban poor to own a house. The housing and urban poverty alleviation (HUPA) ministry has proposed to stand in as guarantor for home loans up to Rs 5 lakh. Under the scheme, banks would be reimbursed up to 90 per cent in case the poor default on these loans. The scheme, targeting those earning less than...
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Playing with numbers, and lives by Brinda Karat
The Planning Commission, headed by the prime minister, has filed an affidavit in the Supreme Court quantifying the daily poverty line for an adult as Rs 26 in rural, and Rs 32 in urban India. At today’s relentlessly increasing prices, Rs 26 will not get a manual worker even one nutritious meal a day — leave alone the 2,400 calories he is required to eat to enable him to work,...
More »Independent financial body to beset up to fund self-help groups: Sonia by K Balchand
The Union government will set up an independent financial institution to give funds for effective functioning of the self-help groups (SHGs) and better empowerment of the rural poor. UPA chairperson Sonia Gandhi announced this while launching the National Rural Livelihood Mission (NRLM), which will be funded through financial institutions. As of now, banks will be mobilised to extend loans to the tune of Rs. 6,800 crore this year at subsidised rates...
More »U.P. government starts talks with Katesar farmers by Atiq Khan
Agitators have threatened self-immolation if demands are not met The State government has opened negotiations with agitating farmers in Katesar village in Chandauli district bordering Varanasi in Uttar Pradesh. The farmers, who have been protesting the acquisition of fertile agricultural land for a cultural and institutional hub on the banks of the Ganga, continued with their dharna on Monday. They have threatened self-immolation if the land acquisition process launched by the Varanasi...
More »UP farmers hold district official hostage
-The Times of India The district administration's attempt to acquire land for a city centre has run into a major row with farmers refusing to part with their land. On Saturday, an SDM and a police officer, who had gone to the village to sort out the issue, were confined for hours by villagers in Chandauli. They managed to reach the district headquarters in the evening. Though Chandauli district magistrate Vijay...
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