-Business Standard Govt likely to issue clarification to add more borrowers under ECLGS Finance Minister Nirmala Sitharaman on Monday held a review meeting with private Banks and non-banking financial companies (NBFCs) to seek feedback to improve the Atmanirbhar Bharat Abhiyan economic package to deal with the impact of Covid-19. The private lenders asked the government to revisit some provisions in the Emergency Credit Line Guarantee Scheme (ECLGS), under which 100 per cent guarantee...
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The Great MSME Stimulus Muddle -Kulwinder Singh Sethi
-Newsclick.in The Rs 3 lakh crore credit guarantee scheme for micro, small and medium enterprises is unclear, contradictory and practically difficult to implement. The scheme may create more problems than it solves. On May 12, in his televised address to the nation, Prime Minister Narendra Modi announced the Atma Nirbhar Bharat Abhiyan or the “campaign to make India self-reliant,” comprising what was claimed to be a Rs 20 lakh crore package to...
More »Centre's Economic Package Addresses Long Term Issues, Not Immediate Concerns of Farmers -Mayank Aggarwal
-TheWire.in Millions of agricultural labourers are currently under stress due to the ongoing lockdown which has led to a loss in income, loss of jobs for migrant labour and a disruption in the supply chain. Following the stress on the agricultural sector by the COVID-19 related lockdown, the central Government has announced medium to long term relief measures as part of an economic package. However, the package has fallen short on immediate...
More »Recent survey by civil society group show 'access-to-food' situation improves in Jharkhand, although much is required to be done for the poor & marginalised
-Press release by Right to Food Campaign, Jharkhand chapter, dated 26th May, 2020 Following the first round of quick survey of essential facilities in rural areas of Jharkhand that was conducted during the first week of April 2020, a second round of survey was done in the second and third week of May this year by members (called "observers") of the Right to Food Campaign, state chapter. Like the previous one,...
More »Barring a few, most states and UTs ignored the guidelines to help persons with disabilities during the lockdown
A recent survey conducted by National Centre for Promotion of Employment for Disabled People (NCPEDP) -- a Delhi-based non-profit organisation -- shows how persons with disabilities in the country were disproportionately affected by the COVID–19 crisis. The report by NCPEDP has observed that persons with disabilities, particularly those from economically deprived sections, went through severe hardship during the lockdown. Without sufficient access to food or money, many of them faced hunger...
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