-Business Standard Interest subvention, crop insurance on the cards The finance ministry is working on a plan to increase the number of workdays in the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) from 100 a year per person per household to 150 in areas receiving low monsoon rain. The government might also provide interest subvention and crop insurance in drought-affected regions through the e-Financial Management System (eFMS). “Since the eFMS contains the data...
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The Centre asks Bankers to Restructure Crop Loans and Insurance
-Press Information Bureau/ Ministry of Agriculture The Central Government has asked State Level Bankers' Committees to facilitate timely restructuring of crop loans. With restructuring, the loan repayment period would be extended. The Home Ministry has also written to states to keep 10% of SDRF fund reserved for "local disasters" such as heavy rain which are to be declared at par with national disasters and use this money for distressed farmers. This...
More »Centre sanctions Rs. 200 cr. for flood-hit J&K
-PTI Jammu: The Centre on Monday sanctioned Rs. 200 crore for immediate rescue and relief operations in flood-hit Jammu and Kashmir, said Chief Minister Mufti Sayeed to the Assembly in Jammu today, according to an official press release which came in the form of a clarification. The clarification was issued after Mr. Sayeed told the Assembly that "I have authorised release of Rs 225 crore in favour of Divisional Commissioner, Kashmir....
More »J&K flood victims caught in govt-NGO politics -Anjali Puri
-Business-Standard Even funds for disaster relief being impeded when these come from international bodies Late last year, Caritas India, a venerable and respected voluntary organisation that has responded with alacrity to one Indian humanitarian crisis after another, sent out an appeal through its international network for funds for contributions to relief and rehabilitation work in Jammu and Kashmir, where devastating floods and landslides in September had claimed 282 lives and damaged 2.53...
More »Ministry for adding lightning to the list of notified disasters
-PTI People killed in lightening incidents may now be compensated by the government if a recommendation of the Union Home Ministry to this effect is accepted. As India accounts for an average 400 deaths due to lightening every year, the Ministry has moved a proposal to the 14th Finance Commission, suggesting inclusion of lightning in the list of notified disasters eligible for assistance from national and state disaster relief funds. At present,...
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