How effective are India's innumerable social security programmes at reaching out to the poorest of the poor? If a recent World Bank report is anything to go by, they are woefully inefficient. According to the report, titled "Social Protection for a Changing India", leakages and exclusion errors are endemic across the country. For instance, just 27% of the PDS . beenficiaries are the poorest of the poor. The World Bank found...
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Madurai chosen for rural pension scheme
-The Hindu Madurai has been chosen as one among eight districts in the country by National Bank for Agriculture and Rural Development (NABARD) for implementing a micro pension project for the rural poor. As part of the launch preparations, a stakeholders' workshop was held here on Monday. Representatives of State Bank of India (SBI), Indian Bank, Canara Bank, Indian Overseas Bank (IOB), Tamilnad Merchantile Bank (TMB), Union Bank of India (UBI), Pandyan...
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 »World Bank signals Bengal by Jayanta Roy Chowdhury and R Suryamurthy
The World Bank has cleared a $975-million (Rs 4,387 crore) loan for a pet rail project of Mamata Banerjee, the funds signal flashing at a time Bengal is on the lookout for affordable funds. The loan is meant for the first phase (Ludhiana-Mughal Sarai) of a dedicated high-speed freight corridor that will eventually link Calcutta and Delhi. But those familiar with the World Bank’s operations suggested that the approval could be more...
More »Oxfam launches campaignfor hunger-free world by Madhur Tankha
Oxfam, an international confederation of 15 human rights organisations fighting poverty and injustice, launched a new campaign here on Wednesday for a hunger-free world even as it announced that the number of hungry people the world over has crossed the billion mark and one in four of the world's hungry people live in India. Despite doubling the size of its economy between 1990 and 2005, the number of people in India...
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