-The Indian Express Jaitley says UPA govt left scheme in ‘pitiable’ state, Manmohan says Modi govt killed its ‘soul and spirit’ The Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) completed 10 years on Tuesday, sparking a political slugfest as both the Congress and the BJP rushed to take Credit for its “success”. While Finance Minister Arun Jaitley said the Narendra Modi government had given the scheme, allegedly in a “pitiable” state...
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On 10th anniversary, BJP, Cong vie for NREGS Credit -Subodh Ghildiyal
-The Times of India New Delhi: MGNREGA, the rural job guarantee scheme that completes 10 years on Tuesday, is set to touch off a fresh battle of political messaging, with the Modi government deciding to consecrate the scheme as a government priority and Rahul Gandhi travelling to a remote Andhra hamlet to celebrate it as a Congress programme. The competition between BJP and Congress for ownership of the programme marks a rare...
More »From Plate to Plough: How to expand inclusion -Ashok Gulati & Prerna Terway
-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...
More »RBI asks banks to extend loans to women SHGs at 7% rate
-PTI Mumbai: The RBI today asked banks to provide loans up to Rs 3 lakh at 7 per cent interest rate to Women Self-Help Group (SHG) under the National Rural Livelihoods Mission (NRLM)-Aajeevika scheme during 2015-16. “All women SHGs will be eligible for interest subvention on Credit up to Rs 3 lakhs at 7 per cent per annum. SHG availing capital subsidy under Swarnjayanti Gram Swarojgar Yojana (SGSY) in their...
More »Modi government plans schemes for rural youth, women groups -Sanjeeb Mukherjee & Archis Mohan
-Business Standard To be announced in next few weeks and in coming Budget To widen its rural push and to counter the Opposition's allegation that the Bharatiya Janata Party (BJP)-led government is anti-poor, the Centre is mulling multiple interventions which would include expanding the role of women-driven self help groups (SHGs) and promoting self-employment for rural youth. Some official said the new crop insurance scheme, approved by the Cabinet recently is part of...
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