The Jharkhand government has appealed to Maoist rebels to make a fresh beginning in the New Year by surrendering to the rule of law, as it responded to feelers from a section of cadres, but did not promise any let-up in ongoing anti-rebel operations. The government gave a month’s time to active members of CPI(Maoist) to return to the mainstream, through an advertisement in local dailies on December 31. In the public...

The Finance Ministry has launched a concessional loan scheme for farmers to prevent distress sale of agricultural produce. Farmers who park their produce at warehouses will be able to avail short-term post harvest loan at 7% as against the prevailing rate of 11%-12%. Farmers making timely payment of the Loans will further enjoy 3% interest subvention, bringing the real interest rate to 4%, according to the finance ministry directive. This will benefit...

-The Business Standard   Achieves total financial inclusion in Andhra Pradesh. State Bank of India (SBI) is planning to use the rural banking correspondent (BC) network for farm loan recoveries in addition to the services prescribed under the financial inclusion plan by the Reserve Bank of India. The SBI’s Hyderabad circle with operational jurisdiction extending to the entire state of Andhra Pradesh is one of the first to achieve total financial inclusion. It has...

-PTI The agriculture sector performed exceedingly well in 2011, with record grain production of over 240 million tonnes giving enough leeway for the government to lift a ban on exports of wheat and non-basmati rice and introduce the food security bill in Parliament. Farmers’ long-standing demand for crop Loans at a 4% rate of interest was met during the year, although with a rider that the facility would be available to...

The implementation of the ‘100 days work' scheme in West Bengal had become a poll issue during the last parliamentary and assembly elections as had some other Centrally-funded rural development projects. But despite a change in government in the State, little seems to have changed on that front ultimately leading to a somewhat hurried shunting out of a Minister from his Department. The decision taken by Chief Minister Mamata Banerjee to...