-Business Standard Govt likely to issue clarification to add more borrowers under ECLGS Finance Minister Nirmala Sitharaman on Monday held a review meeting with private banks and non-banking financial companies (NBFCs) to seek feedback to improve the Atmanirbhar Bharat Abhiyan economic package to deal with the impact of Covid-19. The private lenders asked the government to revisit some provisions in the Emergency Credit Line Guarantee Scheme (ECLGS), under which 100 per cent guarantee...
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The Great MSME Stimulus Muddle -Kulwinder Singh Sethi
-Newsclick.in The Rs 3 lakh crore credit guarantee scheme for micro, small and medium enterprises is unclear, contradictory and practically difficult to implement. The scheme may create more problems than it solves. On May 12, in his televised address to the nation, Prime Minister Narendra Modi announced the Atma Nirbhar Bharat Abhiyan or the “campaign to make India self-reliant,” comprising what was claimed to be a Rs 20 lakh crore package to...
More »Rural distress -TK Rajalakshmi
-Frontline.in To rural India, which is already reeling under multiple crises, demonetisation has come as yet another blow. WHEN the Prime Minister made the decision to withdraw Rs.500 and Rs.1,000 notes, he did not quite factor in the impact it would have on agriculture. Despite the rhetoric the concept of digital wallets has not yet entered rural India unlike in much of the country’s urban areas, and much of rural and...
More »Yogendra Yadav, leader of Swaraj Abhiyan, interviewed by Ajoy Ashirwad Mahaprashasta
-Frontline Former psephologist Yogendra Yadav, now a member of the political collective Swaraj Abhiyan, recently toured India’s drought-affected districts. He called it a Samvedna Yatra. During the tour, he took note of the agony in rural areas affected by what he calls “one of the worst droughts in independent India” The drought, according to him, has left farmers and the larger rural community in extreme distress, leading to damaging changes in...
More »Drought Mitigation in Tamil Nadu -S Rajendran
-Economic and Political Weekly Sustained and focused efforts have to be made by the Tamil Nadu state government to provide relief and rehabilitation to the drought affected people of the state. S Rajendran (myrajendran@gmail.com) is with the Department of Economics, Periyar University, Salem, Tamil Nadu. Due to the failure of the north-east monsoon in December 2013, Tamil Nadu is witnessing drought like conditions this year, leading to poor agricultural productivity, rural distress,...
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