Everything is in short supply here, especially hope. There was a flicker of it, though, when on April 30 Prime Minister Manmohan Singhcame here with Rahul Gandhi. Maybe the people were expecting a miracle, an end to the misery created by season after season of bad crops and the resultant rising debt. Their hope proved to be short-lived. Since then, nine farmers have killed themselves in Banda district alone, the...
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India's welfare programmes are not very good at reaching the poorest of the poor: World Bank by M Rajshekhar
How effective are India's innumerable social security programmes at reaching out to the poorest of the poor? If a recent World Bank report is anything to go by, they are woefully inefficient. According to the report, titled "Social Protection for a Changing India", leakages and exclusion errors are endemic across the country. For instance, just 27% of the PDS . beenficiaries are the poorest of the poor. The World Bank found...
More »Madurai chosen for rural pension scheme
-The Hindu Madurai has been chosen as one among eight districts in the country by National Bank for Agriculture and Rural Development (NABARD) for implementing a micro pension project for the rural poor. As part of the launch preparations, a stakeholders' workshop was held here on Monday. Representatives of State Bank of India (SBI), Indian Bank, Canara Bank, Indian Overseas Bank (IOB), Tamilnad Merchantile Bank (TMB), Union Bank of India (UBI), Pandyan...
More »The problem of plenty by Rohtash Mal
Indian farmers have much to celebrate this year with a bumper wheat harvest. As predicted by the ministry of agriculture, wheat farmers have begun to harvest what is shaping up to be a record crop, projected at 84.27 million tonnes. We are growing more wheat than ever before. The earlier record of 80.8 million tonnes of wheat production was achieved in 2009-10. Estimates show that foodgrain production including wheat, rice, pulses...
More »Independent financial body to beset up to fund self-help groups: Sonia by K Balchand
The Union government will set up an independent financial institution to give funds for effective functioning of the self-help groups (SHGs) and better empowerment of the rural poor. UPA chairperson Sonia Gandhi announced this while launching the National Rural Livelihood Mission (NRLM), which will be funded through financial institutions. As of now, banks will be mobilised to extend Loans to the tune of Rs. 6,800 crore this year at subsidised rates...
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