A funding crisis has hit the government's efforts to leverage the banking correspondent model to provide banking services to the beneficiaries of its flagship rural employment guarantee scheme. Work has stopped in Orissa, the first state to adopt the model in all districts, after State Bank of India (SBI) refused to bear the cost of this financial inclusion drive for the beneficiaries of the Mahatma Gandhi National Rural Employment Guarantee...
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MGNREGA a success in M’laya
The Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), a landmark legislation to improve the economic condition of rural mass of India through an assured 100 days of employment per household per year, was initially implemented in West Garo Hill and South Garo Hills districts of Meghalaya in 2006, with much publicity. The scheme emanating from the MGNREGA for providing unskilled manual work for 100 days per household at Rs...
More »Invisible people by R Krishnakumar
Some 10 lakh to 30 lakh migrant labourers take up skilled or semi-skilled work in Kerala. THE State Bank of India has a branch near the Raj Bhavan in Thiruvananthapuram, in a by-lane on the avenue leading to the Kowdiar Palace, the residence of the former maharajas of Travancore. It is a cosy little place on the first floor of a nondescript building, and the clientele includes the rich and...
More »Binayak Sen Support Fund open to public
Members of the Christian Medical College Alumni Association, who have helped to support social activist Binayak Sen's family and his legal battles through private contributions, now propose to open up the fund to donations from the public. The Binayak Sen Support Fund was set up in May 2007 through initial contributions by 10 alumni “to provide assistance, as necessary, for the safety and liberty of Dr. Binayak Sen, and for the...
More »Of luxury cars and lowly tractors by P Sainath
Even as the media celebrate the Mercedes Benz deal in the Marathwada region as a sign of “rural resurgence,” the latest data show that 17,368 farmers killed themselves in the year of the “resurgence.” When businessmen from Aurangabad in the backward Marathwada region bought 150 Mercedes Benz luxury cars worth Rs. 65 crore at one go in October, it grabbed media attention. The top public sector bank, State Bank of India,...
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