The Comptroller and Auditor General (CAG) is giving final touches to two reports where it has pointed out anomalies in allocation of funds under the centrally-runJNNURM scheme and UPA government's debt waiver to farmers in 2008, something the opposition may use as a stick to beat the government during the budget session. In the Jawaharlal Nehru National Urban Renewal Mission (JNNURM), the CAG, sources said, is reviewing how central funds were...
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Jairam wants social barrier in sanitation broken
-The Hindu “If Shyam Benegal [film director] can come up with a toilet version of Manthan[movie that focused on milk cooperatives] we can break a certain social barrier” towards solving a problematic issue like sanitation, felt Jairam Ramesh, Union Minister of Rural Development. Launching the Asia-Pacific Millennium Development Goals report of the U.N. Economic and Social Commission for Asia and Pacific, Mr. Ramesh recalled howManthan that featured Smita Patil had changed women's...
More »CNT Act provisions: Bank credit denied to tribal people by Santosh Narayan
Chhotanagpur Tenancy (CNT) Act-1908 came into existence to safeguard rights of the tribals, especially on their traditional landholdings. It is not very clear how much the Act has been successful in assuring the rights to the traditional dwellers, though it is an open secret that it has denied them access to bank credits, thus hampering them financially. Latest figures suggest that bank loans to Scheduled Tribe and Scheduled Caste have moved...
More »Agri Min pitches for crop loan at 3% in Budget
-PTI In its Budget wish-list, the Agriculture Ministry has demanded lowering of interest rate on crop loans to 3% for those farmers who pay in time, from the existing 4%. According to sources, the ministry has suggested an additional 1% interest subvention (subsidy) on short-term crop loans of up to Rs 3 lakh to farmers who pay their dues on time. Other farmers get crop loans at seven% interest rate. The 2012-13 Budget...
More »Rural women turn bankers by Gagandeep Kaur
Neglected by conventional banks, low-income women in Satara have set one up themselves. Not long after Chetna Gala Sinha came to the drought-stricken region of Mhaswad in western Maharashtra to marry a farmer and prominent local social activist, she began putting her university degree in finance into action. Local women, she observed, were wearing themselves out in subsistence livelihood such as growing grapes or selling vegetables. In 1992, Chetna, who grew up...
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