-The Indian Express The government is aiming to lend Rs 165,000 crore to the poor and unbanked population through the overdraft facility at an interest rate of 11 per cent under its ongoing Jan Dhan financial inclusion programme. "It is estimated that there are 18.2 crore basic banking accounts and. by the end of the campaign another 15 crore accounts would get added. An overdraft of Rs 5,000 in each of these...
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Finance to 5 Lakh Joint Farming Groups of "Bhoomi Heen Kisan" through Nabard in the Current Financial Year
-Capital Market 14 Crore Soil Health Cards to be Issued in Three Years; Credit Support of Rs. 8 Lakh Crore to Agriculture During 2014-15 Targeted "Finance to 5 lakh joint farming groups of Bhoomi Heen Kisan through NABARD in the current financial year", said Shri Radha Mohan Singh, Agriculture Minister, while inaugurating the National Rabi Conference. Minister said that, a very large number of landless farmers are unable to provide land title...
More »After monsoon dampener for crops, Centre unveils Rabi action plan -Vishwa Mohan
-The Times of India NEW DELHI: After a tough summer due to sub-normal rains that led to deficit in Kharif sowing, the Centre on Wednesday asked states to focus on Rabi (winter) crops so that the possible shortfall can be made up and proposed to provide finance to 5 lakh "joint farming groups" in the current financial year. Though sowing of Kharif crops showed a steady increase last week, it could not...
More »Tribals Being Shortchanged by ‘Shahukars’ -VKL Gayatri
-The New Indian Express PADERU (VISAKHAPATNAM DT) : It looks like there is no end to the plight of tribals in Agency areas of the district. They are being fleeced, cheated and robbed almost in every sphere of their lives. Here is a classic example of how the ‘shahukars' or the money-lenders loot the tribals with the banned instruments of measuring foodgrains. The ‘shahukars' shortchange the tribals as the latter barter their...
More »Misplaced priorities -Tulsi Jayakumar
-The Business Standard The Jan Dhan Yojana has a lot of gaps to fill The NDAs financial inclusion programme, Pradhan Mantri Jan Dhan Yojana, targets poor households unlike similar schemes of the UPA, which focussed on villages. The scheme targets rural and urban unbanked households. That said, the scheme too has its own share of flaws. Misplaced enthusiasm A chat with poor casual workers after the launch of the Yojana gave the impression that...
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