Renowed agri scientist, M.S.Swaminathan today said Indian agriculture will receive a big boost if the country takes advantage of its young population and woos them into the farm sector by making it lucrative. “India has a big advantage as more than half of its population is below 30 years of age”, he said. “If we tap this huge demographic dividend by making agriculture exciting for the younger generation a far better result...
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New loan sharks by S Nagesh Kumar
The rural poor in Andhra Pradesh, a State showcased as a model for SHG-bank linkage, are caught in the vortex of microfinance. WITHIN a decade of their coming into operation, microfinance institutions (MFIs) have dealt a serious blow to the economy and the well-being of thousands of families in rural Andhra Pradesh. Harassment by their collection agents has allegedly driven at least 60 borrowers to death, and the number is...
More »Scheme for women agriculturists planned
The Union government intends to launch by January end a scheme aimed at improving the status of women as agriculturists and open up opportunities for their empowerment. The scheme, to be taken up by the Ministry of Rural Development, has been named Mahila Kisan Sashaktikaran Pariyojana (MKSP). It will be launched as a sub-component of the renamed, but yet to be launched, National Rural Livelihood Mission (NRLM), which was earlier known...
More »Microfinance: What's wrong with it by M Rajshekhar
The poster boy of microfinance is now seeking some anonymity. In Andhra Pradesh, the epicentre of the worst crisis faced by microfinance in India, SKS Microfinance is playing down its identity and going into preservation mode. At its modest office in a residential colony in Warangal district, India’s largest microfinance company has taken down its board. At its head office in upmarket Begumpet in Hyderabad, it hung a cloth mesh...
More »Nearly Rs 90,000 cr credit disbursed to farmers in Q1
Banks have disbursed nearly Rs 90,000 crore credit to farmers in the April-June quarter of this fiscal, the government said on Monday. The government has fixed the credit flow target during 2010-11 fiscal at Rs 3,75,000 crore. "Agriculture credit of Rs 89,687 crore has been disbursed to farmers across the country till June 2010 in the financial year 2010-11," an official statement said. The credit disbursement in 2009-10 was Rs 3,66,919 crore against...
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