Sample some data on the microfinance performance in India: According to the data provided by www.mixmarket.org, microfinance in India reached close to 270 lakh active borrowers in 2009, with the average loan size close to Rs 8,000. This translates into total borrowing to over Rs 20,000 crore. Though this number seems large, it represents only 0.3% of our GDP. Thus, large swathes of poor, both in our villages and urban...
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The hunger enigma by MS Swaminathan
The forthcoming India visit of the US President, Mr Barack Obama, accompanied by Mr Thomas J. Vilsack, secretary of agriculture, and Dr Rajiv Raj Shah, administrator, United States Agency for International Development (USAID), is significant in the context of strengthening the Indo-US partnership in the field of agriculture production and sustainable food security. Several related issues will be discussed in Mumbai on November 6 and November 7 where an agriculture...
More »No money for food security in this Plan
The Planning Commission has expressed inability to provide funds for implementing the National Food Security Act in the final lap of the Eleventh Five Year Plan, arguing that doing so would mean it will have to divert funds from existing schemes. Planning Commission Deputy Chairman Montek Singh Ahluwalia, in his presentation before the National Advisory Council (NAC) here on Friday, proposed the rollout of the scheme from the beginning of...
More »NAC close to finalising Food Security Bill by Smita Gupta
At August 30 meet, it was felt there should be a system of two prices, differential entitlements Since then, NAC Working Group on Food Security has had detailed discussions The Sonia Gandhi-led National Advisory Council (NAC) may be close to finalising the contentious Food Security Bill when it meets here on September 24. Planning Commission Deputy Chairman Montek Singh Ahluwalia and officials from Ministries concerned, including Women and Child Development Secretary, will be...
More »Hungry for action by Harsh Mander
India has long been simultaneously a country of enormous wealth and desperate poverty. In recent decades, the distance has only grown between those who enjoy living standards comparable to the finest in the world, and the millions left far behind. Even as Indians crowd the lists of the world’s richest dollar billionaires, an estimated 200 million people sleep hungry. Half our children are malnourished and nearly a fifth severely so....
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