-Tehelka Prime Minister announced increase in quantum of compensation for crop damage to affected farmers by 50 per cent. Showering a bright hope to small entrepreneur, Prime Minister Narendra Modi launched MUDRA (Micro Units Development and Refinance Agency) bank under the Pradhan Mantri Jan Dhan Yojana which will provide credit up to 10 lakh to small entrepreneur and act as a regulator for ‘Micro-Finance Institutions' (MFIs). The prime minister also announced increase in...
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PM launches Mudra bank to ‘fund the unfunded’ small entrepreneurs
-Hindustan Times Prime Minister Narendra Modi on Wednesday launched the Mudra bank which will provide loans of up to Rs 10 lakh to small entrepreneurs including shopkeepers and beauty parlour owners, hoping that it will promote growth and create jobs. Short for Micro Units Development and Refinance Agency Bank, the financial institution will act as a regulator for micro-finance institutions (MFIs). Mudra Bank will have a corpus of Rs 20,000 crore, Modi said...
More »Radio rues govt diktats -Sumi Sukanya
-The Telegraph New Delhi: Community radio stations are fuming at what they see as a double whammy from the government: a diktat to publicise its flagship social schemes and an attempt to monitor the content being aired. The community radio stations have been "advised" to base their programmes around Prime Minister Narendra Modi's pet schemes such as the Swachh Bharat Abhiyan, Beti Bachao Beti Padhao and Jan Dhan Yojana, Union information and...
More »Maharashtra's drought-hit farmers without bank accounts denied aid -Priyanka Kakodkar
-The Times of India MUMBAI: A staggering Rs 460 crore disbursed by the Maharashtra government as compensation for drought-hit farmers has come right back to the state's coffers. The key reason it could not be distributed, officials admit, is that lakhs of farmers impacted by the calamity do not have bank accounts - now a mandatory requirement for aid recipients. Since 2014, Maharashtra has been allotting aid only to bank accounts of...
More »Public funds to push neoliberal agenda -CP Chandrasekhar
-Frontline.in The Modi government has apparently realised that the private sector is not up to the task of driving growth. It hopes to fund its neoliberal dream of India becoming the fastest-growing emerging market through a combination of off-Budget borrowing and drastic expenditure reduction in key social sectors. IT will soon be a year since the National Democratic Alliance (NDA) government under Prime Minister Narendra Modi took office at the Centre....
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