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Rs 65,000cr loan waiver fails to make farmers debt-free

-DNA   The Centre's debt relief scheme for the farmers has given anything but relief to the poor farmers. Despite the Rs 65,318.33-crore Agricultural Debt Waiver and Debt Relief Scheme (ADWDRS) launched by the UPA with much fanfare in 2008, nearly 43.42 million (48.6 per cent) of the 89.35 million farmer households are still in debt. This is the finding of National Sample Survey Organisation (NSSO) report on 'Indebtedness of Farmers Household'. The scheme benefited...

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Banks told to integrate operations with Regional Rural Banks for rural lending by Dheeraj Tiwari

In an attempt to extend the reach of banks in rural and semi-urban areas, the finance ministry has asked public sector banks to integrate their operations with regional rural banks (RRBs). "Charges for various banking services used by customers of RRBs are to be aligned with the sponsoring banks," a finance ministry official said on condition of anonymity. "Further, cheques or drafts issued by RRBs should be treated at par...

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Government looking for overall financial inclusion through Aajeevika Development and Financial Corporation by Urmi A Goswami

In an attempt to bolster its aam aadmi image, the government is setting up the Aajeevika Development and Financial Corporation, a financial institution to ensure easily available funding for self-help groups under the National Rural Livelihood Mission. Problems in accessing credit for families below poverty line have been a major hurdle for the livelihood mission. The rural development ministry is in the process of inter-ministerial consultations on the proposed financial...

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‘Landgrab' overseas by Jayati Ghosh

The global 'farmland grab' in Ethiopia and the rest of Africa has become competitive, with companies from Asia, including India and China, joining it. AN extraordinary new process has been at work in the past few years: the aggressive entry of Indian corporations into the markets for agricultural land in Africa. At one level, this process is simply following the hoary old tradition in global capitalism of firms (often supported...

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Crop loss, debt drive two farmers to death

-Express News Service   Two farmers of Sambalpur and Nuapada districts allegedly committed suicide by consuming pesticide on Sunday night over failed crop and debt burden. This is the fourth such suicide in Sambalpur district and second in Naupada. One Ganesh Bhoi (47) of Sanatanpali village in Ghenupali gram panchayat of Jujumura block of Sambalpur committed suicide on Sunday night following three consecutive crop losses. Though he was rushed to VSS Medical...

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