-The Hindu Business Line MFIs are unable to address the needs of self-help groups. They have been hit by the falling growth of SHGs There has been a long-standing debate on the ability and effectiveness of the formal banking system as a vehicle for financial inclusion. The thrust has been to increase the number of small banks, as they play a very important role in the supply of credit to small business...
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Job scheme in decline -Ajoy Ashirwad Mahaprashasta
-Frontline.in The increase in the budgetary allocation for the MGNREGA is only marginal. The scheme helped lower the poverty level by 32 per cent between 2004-05 and 2011-12, but government support for it has been declining steadily. In the beginning, economists belonging to the Right and the Left were of the view that the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) was merely a populist measure. While the former believed...
More »The budget’s dangerous philosophy -Harsh Mander
-Livemint.com The government relies on for-profit big business to deliver public goods despite their inability to deliver Can we listen to the budget as an annual public statement by the government of its economic and social philosophy and intent? The centre abandoned five-year plans that earlier laid down a road map of where government policies are headed. The budget, then, is an important reality check of whether the government is literally...
More »‘Naga people work very hard; so should we’
-The Morung Express Chizami: “The Nagas are very hard working people,” said Swarupama continually on her first visit to Nagaland from Yedakupalli village in Medak district of Telangana State. She is a senior leader among the team of Dalit women farmers, videographers and coordinator here for the International Women’s Day and Biodiversity Festival observed by the North East Network in Chizami, Phek district, on March 8 and 9. The women are part...
More »Budget outlays too small to effectively run welfare schemes, say social activists
-Scroll.in Activists also challenge the government's proposal to make Aadhaar mandatory for social schemes. Soon after the Budget was presented in the Parliament on February 29, Prime Minister Narendra Modi described its provisions as pro-poor, pro-farmer and pro-village. But two weeks on, seven grassroots campaigns working on the right to food, public health, education, sanitation, and the rural employment guarantee programme said that the Budget will fail to sustain existing welfare schemes. In...
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