SHEILA DEVI, 54, of Nangal Kalan village in Haryana’s Sonepat district cannot comprehend how Taneja Developers and Infrastructure Ltd (TDI) procured her two-acre plot in 2004, ‘signed’ with thumb impressions of her husband Narender Singh, who died in 2002 and his brother Bhupender, who went missing the next year. The documents are obviously forged. But how did a farmers’ family get cheated in Haryana, where the land acquisition policy formed in...

Two of the three Bengal agencies tasked with procuring paddy directly from farmers have failed to do so till now because of lack of funds, a revelation that blunts the state government’s attempt to blame the Centre. Paddy procurement is one of the purported issues over which the Congress and the Trinamul Congress have been calling each other names. The state government had pointed fingers at the Centre-run Food Corporation of...

Neglected by conventional banks, low-income women in Satara have set one up themselves. Not long after Chetna Gala Sinha came to the drought-stricken region of Mhaswad in western Maharashtra to marry a farmer and prominent local social activist, she began putting her university degree in finance into action. Local women, she observed, were wearing themselves out in subsistence livelihood such as growing grapes or selling vegetables. In 1992, Chetna, who grew up...

-The Pioneer   Three more debt-ridden farmers committed suicide in Kerala in 24 hours till Monday morning taking the total number of farmers ending life due to financial problems in the past two weeks in the State to seven.  Farmers Kunhikrishnan (50) and KK Joseph (48) of Wayanad district committed suicide by hanging while Chandran of Palakkad district ended his life by consuming poison. All of them had pending repayments of huge loans...

Recent events in south Asia have led to an unexpected reversal in the narrative of microfinance, long presented as a development success. Despite charges of poor treatment of clients, exaggeration of the impact on the poorest as well as the risks of credit bubbles, the sector can play a non-negligible role in reaching financial services to low-income households. In regulating the sector, there is need for caution in setting interest...