-The Times of India   Rampant corruption in government-run welfare schemes, and not just indebtedness, was one of the major reasons behind farmers in Madhya Pradesh killing themselves, a high-level committee appointed by the state human rights commission has reported. After probing the more than 4000 farmer suicides in the state during the last few years, the two member committee comprising renowned agriculture expert G S Kaushal and retired sugar cane commissioner...

Neglected by conventional banks, low-income women in Satara have set one up themselves. Not long after Chetna Gala Sinha came to the drought-stricken region of Mhaswad in western Maharashtra to marry a farmer and prominent local social activist, she began putting her university degree in finance into action. Local women, she observed, were wearing themselves out in subsistence livelihood such as growing grapes or selling vegetables. In 1992, Chetna, who grew up...

-The Pioneer   Three more debt-ridden farmers committed suicide in Kerala in 24 hours till Monday morning taking the total number of farmers ending life due to financial problems in the past two weeks in the State to seven.  Farmers Kunhikrishnan (50) and KK Joseph (48) of Wayanad district committed suicide by hanging while Chandran of Palakkad district ended his life by consuming poison. All of them had pending repayments of huge loans...

MICROFINANCE is an example of something that is sadly all too rare: an anti-poverty tool that usually at least breaks even. If you make small, uncollateralised business loans to groups of poor women, they almost always repay them on time. It has grown rapidly in many countries, not least Bangladesh and India. With nearly 30m clients each, these are now the world’s biggest markets for microfinance. Yet the industry has...

India’s rapidly growing private microcredit industry faces imminent collapse as almost all borrowers in one of India’s largest states have stopped repaying their loans, egged on by politicians who accuse the industry of earning outsize profits on the backs of the poor. The crisis has been building for weeks, but has now reached a critical stage. Indian banks, which put up about 80 percent of the money that the companies...