-The Hindu The Central government’s decision this week to extend the interest subvention scheme on bank loans given to land-owning farmers at 7 per cent is essentially a welcome move. This is especially so in a context where there is no real clarity on how the current monsoon will turn out to be, running at a deficit of 7 per cent as it does currently. With an additional subvention component of...
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Good monsoon spells good news for kharif, sown area up 62% from last year -Amit Bhattacharya & Vishwa Mohan
-The Times of India NEW DELHI: Backed by better monsoon rains so far as compared to the same period in 2014, the kharif (summer crop) sowing operation has picked up substantially in the last three weeks. The sown area touched 563 lakh hectares as on Friday which is nearly 62% more than what the country had reported at this time last year. The fast pace of sowing raised hopes that the total...
More »Too poor to qualify for loans -Mehboob Jeelani
-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...
More »Half of rural India needs help -Basant Kumar Mohanty
-The Telegraph New Delhi: A new survey has shown that one in every two rural households is eligible for targeted government aid - a significant jump from two earlier estimates of those entitled to blanket benefits. The provisional socio-economic and caste census (SECC) data released by finance minister Arun Jaitley show that almost half the 17.91-crore households in rural India may be considered under various targeted welfare schemes, depending on their specific...
More »Poor Bear the Brunt of Corruption in India’s Food Distribution System -Neeta Lal
-IPSNews.net NEW DELHI: Chottey Lal, 43, a daily wage labourer at a construction site in NOIDA, a township in the northern Indian state of Uttar Pradesh, is a beleaguered man. After a gruelling 12-hour daily shift at the dusty location, he and his wife Subha make barely enough to feed a family of seven. Nor is the couple ever able to procure the subsidized rations they are legally entitled to, under a...
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