-The Hindu Banks continue denying loans to low-income groups, insisting on sticking to a standard EMI route even though they are dealing with a complex social issue. In July 2012, Pradeep Kumar, a 36-year-old resident of Ladpur, a shanty town that sits on the north-western periphery of Delhi, applied for an employment loan at the magistrate’s office in Kanjawala district. Under the Pradhan Mantri Rozgar Yojana or PMRY — a funding policy...

-Business Standard Swadeshi Jagran Manch asked the Centre to come out with a comprehensive land use policy instead of a piecemeal approach to the issue The Swadeshi Jagran Manch (SJM), a Rashtriya Swayamsevak Sangh (RSS) affiliated economic policy group, along with Communist Party of India (CPI) affiliated All India Kisan Sabha on Tuesday made common cause in criticising the land Bill brought by the Narendra Modi government. In its presentation to the parliamentary...

-The New Indian Express BHUBANESWAR:  Around 3.6 lakh people from scheduled categories and economically weaker sections of the society of 10 districts have been benefited under World Bank-assisted Targeted Rural Initiative for Poverty Termination and Infrastructure (TRIPTI) programme. The project, a poverty reduction programme, aims at enhancing the socio-economic status of the poor, especially women and disadvantaged groups, in 38 blocks of 10 districts. The project launched in November 2009 has mobilised 79,000...

-The Hindu Huge subsidy of 5 percentage points being leveraged. Pointing to a possible diversion of subsidised funds meant for farmers to non-agricultural uses, a research paper by the Indian Council for Research on International Economic Relations (ICRIER) has found that the crop loans extended in India are in fact close to exceeding the total expenditure on farm sector inputs. In 2012-13, the aggregate short-term credit — provided primarily to finance the purchase...

-The Hindu Business Line Not the RBI, going by the revised priority sector lending norms, which will further reduce credit to the marginalised Prime Minister Narendra Modi has often expressed his sense of anguish at the plight of farmers. In a recent statement in the Lok Sabha, he noted that the agriculture community’s problems were “old, deep-rooted and widespread”, and stated that farmers cannot be left to fend for themselves. Implicit in that...