The Gujarat High Court has ordered the state government to submit the details of schemes, if any, to identify Self-Help Groups (SHGs) and Mahila Mandals that can buy grains and prepare food for children and pregnant mothers attending the 48,000 aanganwadi centres in the state. The order follows a suo-motu petition that questioned the implementation of several Central schemes for the poor, including why the state government had roped in a...
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Centre plans to restrict interest rate of MFIs
The Centre is planning to impose a ceiling of 18 per cent on the interest rate charged by MFIs on loans to SHGs. This was indicated by Union Finance Minister Pranab Mukherjee to Chief Minister K. Rosaiah during a telephonic conversation recently. Disclosing this at a media conference here on Monday, Minister for Rural Development V. Vasanth Kumar and Minister for Agriculture N. Raghuveera Reddy said Mr. Mukherjee informed that the...
More »MFIs cannot collect interest more than the principal
The accumulated interest collected by microfinance institutions (MFIs) on loans shall not exceed the principal amount, according to the much-awaited ordinance promulgated by Governor E.S.L. Narasimhan here on Friday to put a check on their activities. However, the interest rate chargeable by the MFIs finds no mention in the ordinance as the government is of the view that this falls under the purview of the Reserve Bank of India (RBI), according...
More »Didi of Rural Bihar: Real Agent of Change? by Meera Tiwari
The Bihar Rural Livelihoods Promotion Society, JeeVika, a state-led women’s self-help group, is active since 2007. Based on primary research, this article highlights the potential role of the individual rural woman – the didi – in driving the social and economic shifts necessary for sustainable poverty reduction in rural Bihar. The term didi is used to address an elder sister. It embodies the notion of respect. Traditionally, the term has remained...
More »Poverty alleviation: Government to launch plan
The National Rural Livelihood Mission (NRLM) will be implemented in the state soon. This was decided at a highlevel meeting presided over by Chief Minister Naveen Patnaik here today. The NRLM aims at addressing poverty and alleviating rural poverty by 2015. The scheme also targets to cover 50 percent of the rural households by self help groups (SHGs) during the next three years. The newly launched central programme will be executed in...
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