-The Hindu Private companies get loansat 6.5% with additional cash refunds; for farmers it is 7% The National Bank for Agriculture and Rural Development (NABARD), which is dedicated to promoting rural development by providing soft loans to State governments for social sector projects, has given hundreds of crores as loans to corporates on concessional terms. In the Union Budget of 2011-12, Rs. 18,000 crore was allocated by the Centre to NABARD’s Rural Infrastructure...
More »SEARCH RESULT
Total Matching Records found : 2029
States failed to spend Rs 29,760 cr on flagship programmes like MGNREGA & PMGSY: Jairam Ramesh
-PTI States have failed to spend Rs 29,760 crore under various flagship programmes during the last fiscal, Rural Development Minister Jairam Ramesh said today. He said during Question Hour in Rajya Sabha that Rs 10,993 crore remained unspent under Mahatma Gandhi Rural Employment Guarantee Act (MGNREGA) and Rs 5,859 crore under Indira Aawas Yojana (IAY). Funds to the tune of Rs 8,919 crore could also not be utilised under Pradhan Mantri Gram Sadak...
More »Land Bill Finalised, to Go for Cabinet Approval
-Outlook The much awaited Land Acquisition Bill has been finalised and sent to the Union Cabinet which is likely take up the matter for consideration at its next meeting, a senior official said today. Sources said the bill was finalised by the Rural Development Ministry incorporating the suggestion of UPA Chairperson Sonia Gandhi who had asked the government to take consent from 80 per cent land owners for purchase of land for...
More »Micro ATMs Planned for Transfer of Cash to Poor -M Rajshekhar & Dheeraj Tiwari
-The Economic Times The government is likely to shoot down the department of financial services’ (DFS) plan to appoint common banking correspondent companies for transferring cash to poor people, and replace it with a countrywide network of ‘micro ATMs’, as it seeks to finalise the last-mile payment architecture for cash transfers. In a meeting on Monday evening, Rural Development Minister Jairam Ramesh, UIDAI Chairman Nandan Nilekani, and Planning Commission officials met Finance...
More »Government's cash transfer: old wine in new bottle -Chetan Chauhan
-The Hindustan Times The direct cash transfer in 42 schemes to start from next year is old wine in new bottle with beneficiaries under these schemes already receiving money directly into their bank accounts. Finance minister P Chidambaram and rural development minister Jairam Ramesh on Tuesday announced that money under these 42 schemes of the central government would be transferred directly into bank accounts of beneficiaries in 51 districts from next January. The list...
More »
