-IANS Jaunpur (Uttar Pradesh), Jan 9: Broken roads and power cuts have failed to deter people in their drive for education in this eastern Uttar Pradesh district. They have set up more than 30 schools and technical institutes for youth of the area. If you drive between Imran Ganj to Guraini in the Shahganj sub-division of the district -- a distance of some 10 km -- you can count about 40 schools...

The nearly 10 crore farmers who hold kisan credit cards (KCC) will soon be able to use their card as a deposit account and a debit card.  This will help the government scale up its financial inclusion plan quickly without relying on bank accounts alone.  KCC, which has been instrumental in faster delivery of credit to farmers, is like an overdraft account with a bank that has to be operated through a...

Neglected by conventional banks, low-income women in Satara have set one up themselves. Not long after Chetna Gala Sinha came to the drought-stricken region of Mhaswad in western Maharashtra to marry a farmer and prominent local social activist, she began putting her university degree in finance into action. Local women, she observed, were wearing themselves out in subsistence livelihood such as growing grapes or selling vegetables. In 1992, Chetna, who grew up...

The Finance Ministry has launched a concessional loan scheme for farmers to prevent distress sale of agricultural produce. Farmers who park their produce at warehouses will be able to avail short-term post harvest loan at 7% as against the prevailing rate of 11%-12%. Farmers making timely payment of the loans will further enjoy 3% interest subvention, bringing the real interest rate to 4%, according to the finance ministry directive. This will benefit...

-PTI The agriculture sector performed exceedingly well in 2011, with record grain production of over 240 million tonnes giving enough leeway for the government to lift a ban on exports of wheat and non-basmati rice and introduce the food security bill in Parliament. Farmers’ long-standing demand for crop loans at a 4% rate of interest was met during the year, although with a rider that the facility would be available to...