-The Indian Express Substantial number of interest subvention scheme loans are diverted to non-agricultural uses. Government must switch to an income-support subsidy regime The Union budget for 2016-17 has provisioned Rs 15,000 crore on account of interest subvention for short-term agricultural credit, up by Rs 2,000 crore over the revised estimate for FY16. The mere shifting of this line item from the department of financial services to the department of agriculture...
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Last-mile connectivity a bane for Jan Dhan scheme -Nitin Sethi & Ishan Bakshi
-Business Standard Only 47 per cent of the people with PMJDY accounts have received their RuPay debit cards, while these have been issued to 85 per cent of the beneficiaries Last-mile connectivity pangs have hobbled the Pradhan Mantri Jan Dhan Yojna (PMJDY) in several ways, according to a study by MicroSave for the finance ministry. The scheme has helped improve financial inclusion. But insufficient income for banking correspondents (BCs) and a deficiency in...
More »Freedom in peril -R Ramakumar
-Frontline The government’s passage of the Aadhaar Bill in complete disregard of even basic parliamentary procedures and in subversion of an ongoing judicial process puts at risk a number of constitutional rights and liberties of citizens. The benefits cited are just ploys to realise a neoliberal dream. “Congressmen are dancing as if [Aadhaar] was a herb for all cures. With the Supreme Court pulling up the Centre, people are now seeking...
More »Providing transparency in rural electrification -Dinesh Arora
-The Hindu The GARV app puts pressure on State governments for timely and quality delivery “I am going to turn everything into an app and I am going to allow people to monitor daily what work we are doing, what work States are doing” — Piyush Goyal, March 23, 2016 at the Power Focus Summit Rural electrification has been an enduring challenge for successive governments. Given India’s federal structure, States provide last-mile connectivity...
More »LPG for every Indian household -Abhishek Jain
-The Hindu The Pradhan Mantri Ujjwala Yojana scheme, which recognises the importance of clean cooking energy, is welcome. But we need to focus on issues of cash flow, awareness, availability and administration Within a fortnight of the recently announced Union Budget, the Cabinet Committee on Economic Affairs approved the Pradhan Mantri Ujjwala Yojana, earmarking Rs. 8,000 crore for it, with the aim of providing five crore subsidised Liquefied Petroleum Gas (LPG)...
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