-Business Standard Only 47 per cent of the people with PMJDY accounts have received their RuPay debit cards, while these have been issued to 85 per cent of the beneficiaries Last-mile connectivity pangs have hobbled the Pradhan Mantri Jan Dhan Yojna (PMJDY) in several ways, according to a study by MicroSave for the finance ministry. The scheme has helped improve financial inclusion. But insufficient income for banking correspondents (BCs) and a deficiency in...
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Limited outreach of subsidised crop loan scheme among small & marginal farmers
The budgetary support to interest subvention scheme has increased by almost 14 times between 2006-07 and 2016-17. However, the much-touted subsidised short-term credit scheme provides little help to the small and marginal farmers, apart from tenant farmers. According to the Committee on Medium-term Path on Financial Inclusion, which submitted its report in December 2015, the interest subvention scheme suffers from 3 types of defects: i. Subsidised credit may not be...
More »Govt to focus on execution, go slow on new scheme launches -Nivedita Mookerji
-The Indian Express Instead of announcing new schemes, focus to be on those already announced and key sectors As the Prime Minister Narendra Modi-led National Democratic Alliance (NDA) government pads up to enter its third year in office, its focus would be on key areas such as banking, defence, retail, manufacturing, infrastructure and job creation. If the first two years were about announcing signature schemes and campaigns, and setting the agenda for the...
More »‘Just 18% of rural, 49% of city youths can use computers’ -Mahendra K Singh
-The Times of India NEW DELHI: The government aims to transform India into a digitally empowered society through its Digital India programme but it may have a task at hand with a recent Survey showing that only 18 per cent of those in the age group of 14-29 years in villages and 49 per cent in cities were able to operate a computer in 2014. Indicating the Herculean task awaiting the government,...
More »UP tops growth in enterprises, jobs -TCA Sharad Raghavan
-The Hindu The State has seen a 67.4 per cent growth in the number of establishments. Among the larger States, Uttar Pradesh has seen the highest growth in enterprises and employment generation over the past decade, outstripping the economically strong states such as Gujarat, Maharashtra and Punjab, according to data from the Sixth Economic Census released by the Ministry of Statistics and Programme Implementation. Uttar Pradesh has seen a 67.4 per cent growth...
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