-The Indian Express Pune: Even as the Supreme Court had directed that Aadhaar cards are not compulsory to avail LPG subsidy, the Ministry of Petroleum and Natural Gas has asked oil companies to make it mandatory and has set February 1 as deadline for customers to link their Aadhaar cards with Banks. With Pune among the districts being covered under Direct Benefit Transfer scheme to avail LPG subsidy, oil companies have made...
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UP sugar mills run 'ponzi scheme' to pay farmers' dues -Anil Sasi
-The Indian Express On the surface, the sugar crisis in Uttar Pradesh may seem to be inching closer to a resolution. But cane farmers may have unwittingly mortgaged their land, signing up for crop loans from public sector Banks, with the money so raised being used by the mills to pay arrears of a different set of farmers. This model, of mills rotating working capital loans from Banks, to deliver pending payouts...
More »Banking on women
-The Hindu To the long list of 28 public sector Banks in India, one more was added with the inauguration of the Bharatiya Mahila Bank (BMB) on Tuesday by Prime Minister Manmohan Singh. The bank is unique in more ways than one. It will focus predominantly on women, apart from being staffed largely by them. To the BMB will go the distinction of being the first-ever public sector bank to...
More »Mamata Committed to Get Banking Facilities in All Villages
-Outlook Kolkata: West Bengal Chief Minister Mamata Banerjee today said two years form now no Gram Panchayat would be there in the state without banking service and welcomed all nationalised Banks to come forward and open branches in the villages to boost rural economy. Launching 50 branches and 20 ATMs of the United Bank of India (UBI) at a function at the state Secretariat, Banerjee said out of 32,090 Gram Panchayats in...
More »Incentives for Speeding Up SHGs' Formation in Bihar
-Outlook Patna: The Bihar government would bear the interest rate above 7 per cent on loans taken by Self Help Groups (SHGs), Chief Minister Nitish Kumar said today. The SHGs paying loan on time would be given incentive by providing loan at a lower interest rate of 4 per cent, Kumar said addressing a review meeting of "Jeevika" (Bihar state rural livelihood mission) here. Banks are at present providing loan to SHGs at...
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