-The Hindu The PMJDY celebrates success on its website, but thousands of Marys remain outside the banking system. This won’t change unless the scheme alters both design and implementation A few months ago, when the Pradhan Mantri Jan Dhan Yojana (PMJDY) was still being spoken of as a success for the largest number of accounts opened in a day, earning the government a Guinness world record, I visited the branch of a...

Although MGNREGA has been looked upon with suspicion by the Government, industry as well as the landed farming class for various reasons including inefficiency, leakages, corruption, rise in rural wages, cost escalation etc., a new report reveals that the programme reduced poverty among its participants between 2004-05 and 2011-12 by providing employment. The report entitled Mahatma Gandhi National Rural Employment Guarantee Act: A Catalyst for Rural Transformation has estimated that...

-The Hindu The programme reduced poverty by up to 32 per cent and prevented 14 million people from falling into poverty. The Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) reduced poverty by up to a third and gave a large number of women their first opportunity to earn cash income, a new research has found. Officials from the Ministry of Rural Development (MoRD) and the National Council of Applied Economic Research (NCAER)...

-The Tribune Chandigarh: The National Bank for Agriculture and Rural Development (NABARD) has imposed a cut of Rs. 3,400 crore on the allocation made to the state to advance short-term crop loans. The loans are advanced twice in a year for rabi and kharif crops. At least 10.5 lakh farmers are expected to be hit hard. These loans are advanced on half-yearly basis through agriculture cooperative societies. On an average, NABARD used to...

-Hindustan Times While searching for updates on the United Nations Third International Conference on Financing for Development, which took place in Addis Ababa recently, I came across an interesting piece of news: Music maestro AR Rahman and Bollywood superstar Hrithik Roshan would join a seven-day global campaign to popularise the sustainable development goals (SDGs), which are a new set of universal goals, targets and indicators that 193 UN member states will...