-Outlook Hyderabad: Union government is all set to provide loans to women self help groups (SHGs) at the rate of seven per cent from April 1 next year and at four per cent to the target group in 150 selected districts, Union Minister for Rural Development Jairam Ramesh announced here today. "Loans will be extended to Self Help Groups at 7 per cent from April 1 while in another 150 districts, selected...

-The Hindu United Progressive Alliance chairperson Sonia Gandhi on Saturday launched the Delhi government’s ambitious food security programme, ‘Dilli Annshree Yojana’, a direct benefit transfer system and described it as a first-of-its-kind food security scheme integrated with the UID Aadhar in the country. Ms. Gandhi asserted that the scheme, under which a monthly cash subsidy of Rs. 600 will be directly transferred to the bank account of the seniormost female member of...

-Outlook Congress president Sonia Gandhi today strongly backed the Centre's new Direct Benefit Transfer system that will ensure cash transfer directly in the hands of beneficiaries of various schemes, saying it is in line with many other "revolutionary" measures taken by the UPA. Gandhi, who is also UPA Chairperson, also announced her intent to bring the much-talked out Food Security Bill in Parliament soon to ensure that no poor family remains hungry. She...

-The Hindu The technical glitches that plague cash transfers in Jharkhand may not have arisen with a simpler system that does not need Internet connectivity Pilot cash transfer projects taken up in Jharkhand for MGNREGA wages have achieved little success due to a variety of logistical, human and technological problems. A year after the launch of these projects, the problems remain unsolved. In Ramgarh district, a majority of the beneficiaries are in Dohakatu...

-Outlook Describing the government's ambitious direct cash transfer scheme as a "powerful tool", Reserve Bank Deputy Governor K C Chakrabarty has said the initiative will help reduce fiscal deficit, which in turn will also bring down inflation if implemented well. "The direct cash transfer scheme will reduce the fiscal deficit, which in turn will facilitate inflation control," Chakrabarty, the senior-most of the four deputy governors at the Mint Road, told PTI in...