-The Economic Times Small and marginal farmers who constitute more than 80% of total farmer households in the country face exclusion from formal financial channels," says the Nair Committee on priority sector lending. The same report says "commercial banks have been prescribed targets since late 1960s for priority sector lending". The banking system failed the farmers and the needy despite nationalisation, but is there a viable model that could help the millions...
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Here’s evidence that NREGA is actually destroying jobs by R Jagannathan
Is the Mahatma Gandhi National Rural Employment Guarantee Scheme (NREGA) a poverty buster? Or is it a job destroyer? The answer seems to be both, though the scheme of late, has been bedevilled by corruption and many states have lost their enthusiasm for it, forcing the rural development ministry to revamp the scheme last week (read here about the changes). While the scheme has been attacked for many reasons – bloating rural...
More »Aruna Roy, Indian social activist interviewed by Kanak Mani Dixit
Kanak Dixit: We have with us Aruna Roy, from Devdungri village in Rajasthan, who has, among other things, been able to take the Right to Information (RTI) from janasunuwais, or public hearings at the village level, all the way to national legislation that encompasses all of India. It is a movement that is truly global in scale. Aruna, a question that has been troubling me quite a bit in the context...
More »Polio-free Bihar gets Gates pat by Sanjeev Kumar Verma
India has not reported a single polio case over the past one year, but Bihar has gone a step further by maintaining a clean slate for the past 16 months. The World Health Organisation (WHO) recently deleted India from the list of polio endemic countries, the first time that the country has been ticked out of the map. The last polio case in India was reported from Howrah district of Bengal on...
More »Small loans add up to lethal debts by Erika Kinetz
-AP The microfinance industry pursued a path of rapid business growth in recent years; two investigations now link it to debtor suicides First they were stripped of their utensils, furniture, mobile phones, television sets, ration cards and heirloom gold jewellery. Then, some of them drank pesticide. One woman threw herself into a pond. Another jumped into a well with her children. Sometimes, the debt collectors watched nearby. More than 200 poor, debt-ridden residents of...
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