-The Business Standard The National Bank for Agriculture and Rural Development (Nabard) has recorded a 40 per cent growth in agriculture credit and rural development in Karnataka during 2011-12. It has extended farm credit of Rs 6,053 crore during the year. While the production credit refinance extended to cooperative banks and regional rural banks (RRBs) was Rs 3,775 crore, its finance to state government under the Rural Infrastructure Development Fund (RIDF)...
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Small farmers still excluded from formal financial channels
-The Economic Times Small and marginal farmers who constitute more than 80% of total farmer households in the country face exclusion from formal financial channels," says the Nair Committee on priority sector lending. The same report says "commercial banks have been prescribed targets since late 1960s for priority sector lending". The banking system failed the farmers and the needy despite nationalisation, but is there a viable model that could help the millions...
More »Gram sewaks protest NREGS pressure by Aparna Pallavi
Nine gram sewaks have committed suicide in past one year due to work stress Gram sewaks in Maharashtra have refused to give in to the high-handedness of the administration for the implementation of National Rural Employment Guarantee Scheme (NREGS) so that it can be projected as a success. Instead, they have decided to approach the high court to press for their demands like formation of a separate independent agency for the...
More »Dr Abhijit Sen, Member-Planning Commission of India, interviewed by Ajay Vir Jakhar and Paranjoy Guha Thakurta
Dr Abhijit Sen is Member, Planning Commission of India. He is a Ph.D. in Economics from the University of Cambridge (currently on leave as Professor of Economics at the Jawaharlal Nehru University) and has also taught at the Universities of Sussex, Oxford and Cambridge. Besides serving various think tanks in the states and at the centre, Dr Sen has been a consultant with UNDP, ILO, FAO and various other multilateral...
More »Jairam Ramesh, Minister for Rural Development interviewed by Anil Padmanabhan & Elizabeth Roche
As minister for rural development, Jairam Ramesh oversees the largest spending in the social sector by the government. This includes the marquee Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) that was pioneered by the Congress-led United Progressive Alliance in 2006. The minister, an alumnus of the Indian Institute of Technology and the Massachusetts Institute of Technology, is known for his forthrightness. In a typically candid interview to Mint on...
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