In this year's budget, Union Finance Minister Pranab Mukherjee has essentially tried to consolidate the gains from the initiatives he had launched during the previous two budgets. Thus, in agriculture there is no new initiative except increasing the target for agricultural credit to Rs.5,75,000 crore during 2012-13. This represents an increase of over Rs.1,00,000 crore from last year. The interest rate of four per cent recommended by the National Commission...
More »SEARCH RESULT
Total Matching Records found : 125
Agri credit target increased by Rs 1 lakh cr for 2012-13
-The Indian Express Finance Minister Pranab Mukherjee today announced Rs 1,00,000 crore increase in the agriculture credit target to Rs 5,75,000 for the next fiscal and raised the outlay for farm sector by about Rs 3,000 crore. "Agriculture continues to be a priority to the government. The total plan outlay for agriculture and cooperation has been increased by 18 per cent from Rs 17,123 crore in 2011-12 to Rs 20,208 crore in...
More »Gotcha! Three sins of loan recovery
-The Telegraph Bengal’s co-operation department spent the better part of Tuesday on an unusual mission: how to enforce Mamata Banerjee’s very chief ministerial order to nail those who tried to recover money lent by a co-operative bank. “I have asked to lodge an FIR,” Mamata had declared yesterday while ordering the withdrawal of attachment notices on two farmers and announcing that the law will be changed to make government approval mandatory before...
More »No Bundle Packs Here by Anuradha Raman
Farmer suicides are endemic, who knew? Chances are no one’s heard about Azad’s death in Bachlapur village though Lalitpur, where the Congress, the BSP and the SP are in a battle for votes, is only 15 km away. Farmer suicides aren’t an election plank and parties prefer trading corruption charges. Rahul Gandhi’s much-touted Bundelkhand development authority proposal remains just that. More than 500 committed suicide in the Bundelkhand region last...
More »Kisan Credit Cards to double up as debit cards by Dheeraj Tiwari
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...
More »
