The poster boy of microfinance is now seeking some anonymity. In Andhra Pradesh, the epicentre of the worst crisis faced by microfinance in India, SKS Microfinance is playing down its identity and going into preservation mode. At its modest office in a residential colony in Warangal district, India’s largest microfinance company has taken down its board. At its head office in upmarket Begumpet in Hyderabad, it hung a cloth mesh...
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Increase in employment in khadi and village industries: Govt
The government on Tuesday said employment has risen in the khadi and village industries, particularly in agro-units, on account of rise in agricultural production and processing. "The Department of Agriculture and Cooperation, the Ministry of Agriculture has reported that employment in agro- industries is growing with an increase in agricultural production, processing...," Minister of State (Independent Charge) for Micro, Small and Medium Enterprises (MSMEs) Dinsha Patel said in a written reply...
More »What is wrong with MG-NREGA?
Can we afford to leave MG-NREGA alone? Why is the civil society crying foul? Are the rural activists demanding too much? Is the UPA-II trying to take back what UPA-I gave before the elections? Let us face it, the MG-NREGA is in a big crisis. NAC members like Aruna Roy and Jean Dreze have alleged (See links below) that the present remuneration of rural workers is declining by the day and it...
More »Unfulfilled hopes by Aman Sethi
Bottlenecks at every stage in the implementation of MGNREGA in Atra village in Chhattisgarh are making the villagers disillusioned. “If payment is unreliable, the poorest and the most vulnerable opt out of the system...” On a rainy day in September, Bir Singh Malekar, 45, rues his decision to stay back in Atra village in Chhattisgarh's Rajnandgaon district this summer, instead of leaving in search of work. “I usually go to Chennai between...
More »Obama visit: Fate of millions of farmers hangs in balance by Devinder Sharma
He came, he spoke, and he got 54,000 jobs. This was on Day One of his India visit. By the time he flies out of New Delhi on November 9, US President Barack Obama would have charmed his way through to force open Indian agriculture to American corporations . And therein hangs the fate of millions of small and marginal farmers. Top on the agenda is the push to make Prime...
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