Taking a serious note on the Suicides due to the purported harassment or embarrassment caused by the collection agents of Micro Finance Institutions (MFIs), Minister for Rural Development, IKP, Pensions, NREGP and Self-Help Groups, Vatti Vasanth Kumar stated that the government was contemplating making an Act to streamline the operations of MFIs in AP. Talking to media persons in the New Delhi, the minister said that the government would frame rules and...
More »SEARCH RESULT
Total Matching Records found : 1745
Sewa founder worried over rural lenders' excesses
The controversy sparked by Suicides and harassment of the rural poor by micro finance institutions has the Self-Employed Women's Association (Sewa) founder and Ramon Magsaysay award winner Ela Bhatt worried. Ahmedabad-based Bhatt, who set up Sewa in 1972 and is considered a pioneer in the field of micro credit in India, called the big boys of the micro finance industry for an informal chat on Monday. However, she is learnt to...
More »P Sainath, rural editor of The Hindu interviewed by Himal South Asia
The amount of rural reportage in the Indian media remains far too low, with even important stories such as those on farmer Suicides tending to be ignored. One of the outspoken critics of this trend has been P Sainath, rural-affairs editor of The Hindu and 2007 winner of the Ramon Magsaysay Award for Journalism, Literature and Creative Communication Arts. He was also the journalist who originally broke the story on...
More »Subsidy made state one of worst performers
The subsidy-driven development model of Punjab is one of the reasons why state is the worst performer in the country on economic equality front measured through Gini co-efficient. Not only this, revenue collection is the lowest in the country at 6.86% as against a national average of 10-12%. Subsidy is going to only the rich with peasants being pushed out of agriculture. It has come to focus as its reduction is...
More »CPI demands ban on micro finance firms
The Communist Party of India (CPI) state secretary, Dr K. Narayana, has demanded that the government impose ban on micro finance companies (MFCs) to prevent escalation of Suicides in villages. Speaking to reporters here on Friday, he alleged that the government-created poverty has been forcing the farmers and various sections of the society to end their lives and the toll will rise if the MFCs are allowed to continue. He alleged...
More »
