-Hindustan Times Prime Minister Narendra Modi on Wednesday launched the Mudra bank which will provide loans of up to Rs 10 lakh to small entrepreneurs including shopkeepers and beauty parlour owners, hoping that it will promote growth and create jobs. Short for Micro Units Development and Refinance Agency Bank, the financial institution will act as a regulator for micro-finance institutions (MFIs). Mudra Bank will have a corpus of Rs 20,000 crore, Modi said...
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Protecting the small farmer -Ananth Gudipati
-The Hindu Reviving the Farm Income Insurance Scheme could be the best tool for small and marginal farmers to fight falling prices in an increasingly globalised marketplace. Data from the recently held National Sample Survey Organisation (NSSO) survey show that close to 60 per cent of rural households are dependent on agriculture for their livelihood. More than half of them are at risk of defaulting on their debts with either banks or...
More »P Sainath, rural reporter, interviewed by Princeton Institute for International and Regional Studies
-Princeton Institute for International and Regional Studies World-renowned journalist P. Sainath has returned to Princeton to teach two courses, beginning this week, in the Program for South Asian Studies. The former rural affairs editor of The Hindu and award-winning "reporter" - he prefers the term to journalist - has devoted his career to telling the stories of India, uncovering the truth of social problems, rural affairs, poverty and the aftermath of...
More »From prosperity to penury -Ajoy Ashirwad Mahaprashasta
-Frontline NAIB SINGH hanged himself a fortnight ago in the land he had been tilling for five years at Bareh village in Mansa district of Punjab. He had hoped for a successful rabi wheat crop, but unseasonal rains reduced him to further penury. The 25-year-old left behind a debt burden of Rs.10 lakh for his family. His mother, Mahinder Kaur, does not know whether to mourn her son's death or lament...
More »Rain misery for Indian farmers -Vikas Pandey
-BBC Unseasonal rains and hailstorms have destroyed crops in several parts of northern and western India. Small farmers are suffering the most in this crisis. Some of the affected farmers in northern Uttar Pradesh state tell their stories to BBC Monitoring's Vikas Pandey. Ram Singh of Pratapgarh looks nervous and unsure about the future as he shows me the destroyed wheat crop in his farm. He is one among many farmers in the...
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