From green revolution, Andhra Pradesh wants to move to pink revolution in agriculture, with women in the primary role. The project has started in a small way but hopes to turn 60 per cent of the cultivable area in the state over to organic farming. It will be implemented with the help of women’s self-help groups, which were in the limelight recently for highlighting the usury ways of micro-finance institutions. Already, over a...

Describing the conviction of rights activist Binayak Senby a trial court as “a travesty of justice,” social activist Swami Agnivesh expressed the hope here on Sunday that the Supreme Court would take notice of it and rescind the order. Demanding that Dr. Sen be set free, Swami Agnivesh pointed out that the authorities of the Raipur Central Jail, who were present when he met Narayan Sanyal, Polit Bureau member of the...

Tamil Nadu has become the second largest state after Andhra Pradesh in the self-help group (SHG)-bank linkage programme launched by the National Bank for Agriculture and Rural Development (Nabard). In the state, 209,197 SHGs were credit linked with a financial assistance of Rs 2,791.65 crore in 2009-10, taking the cumulative number of SHGs credit linked to 852,791 (including repeat doses) with a bank loan of Rs 9,394.70 crore. Nabard said that a...

From onions, sugar and coconuts, to tea, pulses, rice and spices, all kitchen ingredients will remain expensive in the New Year as unseasonal rains beyond the monsoon wipe out India’s major crops. Worse, rains are hampering the sowing of winter wheat, coarse grains and oilseeds, putting further pressure on food inflation that touched a two-and-a-half month high at 14.44% on Thursday. Across the country, farmers are helplessly watching their fields turn into...

Confusion continues to reign in the debate on microfinance that has unfolded following the promulgation of the Andhra ordinance, soon to be replaced by Andhra Pradesh Micro Finance Institutions (Regulation of Money Lending) Act, 2010. A key confusion has been that microfinance is a major instrument of poverty alleviation. Going by the available scientific evidence and agreement among scholars, to-date, there exists no compelling study linking the expansion of microfinance to...