-The Indian Express Substantial number of interest subvention scheme loans are diverted to non-agricultural uses. Government must switch to an income-support subsidy regime The Union budget for 2016-17 has provisioned Rs 15,000 crore on account of interest subvention for short-term agricultural credit, up by Rs 2,000 crore over the revised estimate for FY16. The mere shifting of this line item from the department of financial services to the department of agriculture...

-Down to Earth Participants voice concern on drought, farmers' suicide and water conservation, among other issues The three-day long Kisan Swaraj Sammelan held in Hyderabad (April 1 to 3) urged for the enactment of a Farmers’ Income Guarantee Act to ensure dignified earning levels for agricultural households among a host of other things. Organised by the Alliance for Sustainable and Holistic Agriculture, a group comprising 400 diverse organisations from across India, the...

The budgetary support to interest subvention scheme has increased by almost 14 times between 2006-07 and 2016-17. However, the much-touted subsidised short-term credit scheme provides little help to the small and marginal farmers, apart from tenant farmers. According to the Committee on Medium-term Path on Financial Inclusion, which submitted its report in December 2015, the interest subvention scheme suffers from 3 types of defects: i. Subsidised credit may not be...

-The Indian Express Instead of announcing new schemes, focus to be on those already announced and key sectors As the Prime Minister Narendra Modi-led National Democratic Alliance (NDA) government pads up to enter its third year in office, its focus would be on key areas such as banking, defence, retail, manufacturing, infrastructure and job creation. If the first two years were about announcing signature schemes and campaigns, and setting the agenda for the...

-Business Standard While allocations to several social sector schemes have been increased, concerns about the direction of the funds being ploughed remain The health and education sectors have trudged along the last two years awaiting direction that would be set through new policies the National Democratic Alliance government promised. In the absence of these guiding documents, most observers have been left to read the intermittent policy decisions like tea-leaves to guess the...