As the Congress scion Rahul Gandhi campaigns in Mayawati' s bastion asking UP's downtrodden to think big, a planning commission panel has shown the UPA government how to walk the talk. A working group on welfare of the Schedule Castes (SCs) has asked the government to set up a National Bank for Inclusive Development to support businessmen from the backward sections. The move is to encourage Dalits and other weaker sections with...
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Rajasthan gives khatedari rights to 30,000 farmers
-The Hindu The Rajasthan Cabinet on Monday put its seal of approval on a controversial decision to give khatedari rights to over 30,000 farmers occupying the custodian land in Alwar, Bharatpur, Hanumangarh and Sriganganagar districts, vacated mostly be those driven out of the State during the Partition, by paying a nominal regularisation fee. The farmers, whose ancestors were allotted the custodian land, were earlier required to pay 25 per cent of the...
More »Right to Food campaign faults govt policy
-The Times of India If you have a kutcha house or have a tarpaulin to cover youself, the socio-caste survey will not consider you homeless. If a farmer has a hand-pump provided by the government or a kisan patra to take Loans against that, the same BPL scheme could now disqualify him from a BPL card. If a widow has a 16 year-old son, she may end up losing the BPL status...
More »3 more farmers commit suicide in Kerala
-The Pioneer Three more debt-ridden farmers committed suicide in Kerala in 24 hours till Monday morning taking the total number of farmers ending life due to financial problems in the past two weeks in the State to seven. Farmers Kunhikrishnan (50) and KK Joseph (48) of Wayanad district committed suicide by hanging while Chandran of Palakkad district ended his life by consuming poison. All of them had pending repayments of huge Loans...
More »What’s Wrong and Right with Microfinance by David Hulme and Thankom Arun
Recent events in south Asia have led to an unexpected reversal in the narrative of microfinance, long presented as a development success. Despite charges of poor treatment of clients, exaggeration of the impact on the poorest as well as the risks of credit bubbles, the sector can play a non-negligible role in reaching financial services to low-income households. In regulating the sector, there is need for caution in setting interest...
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