The impending BPL Census exercise will not help the poor; on the contrary, it will further deny them a fair share in national resources. The BPL, or Below Poverty Line, Census 2011 for the rural areas will start in select States this month. In a country such as India with vast numbers of the poor, counting the poor often becomes an exercise in undercounting and dividing them, to suit the wholly...
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How much will cash transfer cost? by Himanshu
Last week, a group of 40 economists wrote an open letter to United Progressive Alliance (UPA) chairperson Sonia Gandhi arguing for cash transfer as a mode of delivery for the proposed National Food Security Act (NFSA). The letter was carried in detail in several newspapers including Mint. The good thing is that there is now almost a consensus, at least among economists, that whatever be the mode of delivery of subsidy,...
More »Madurai chosen for rural pension scheme
-The Hindu Madurai has been chosen as one among eight districts in the country by National Bank for Agriculture and Rural Development (NABARD) for implementing a micro pension project for the rural poor. As part of the launch preparations, a stakeholders' workshop was held here on Monday. Representatives of State Bank of India (SBI), Indian Bank, Canara Bank, Indian Overseas Bank (IOB), Tamilnad Merchantile Bank (TMB), Union Bank of India (UBI), Pandyan...
More »India state unveils new farmland acquisition policy
-BBC India's Uttar Pradesh state has unveiled a new policy making it easier and more profitable for famers to sell land, following recent angry protests. Chief minister Mayawati said it would ensure a seller's market for farmland. It would also smooth the way for land to be developed for infrastructure. Land for industry is a burning issue as India tries to balance a growing economy with the interests of the poor. Last month the...
More »Independent financial body to beset up to fund self-help groups: Sonia by K Balchand
The Union government will set up an independent financial institution to give funds for effective functioning of the self-help groups (SHGs) and better empowerment of the rural poor. UPA chairperson Sonia Gandhi announced this while launching the National Rural Livelihood Mission (NRLM), which will be funded through financial institutions. As of now, banks will be mobilised to extend loans to the tune of Rs. 6,800 crore this year at subsidised rates...
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