-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...
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Unseasonal Rains deepen distress and debt on farms -Sayantan Bera and Nikita Mehta
-Livemint.com The untimely rain is set to further affect stressed rural income because of a slump in commodity prices Mathura/New Delhi: Last Monday, towards the evening, Sahab Singh, a 58-year-old farmer, walked up to his small patch of land in Mathura district of western Uttar Pradesh. Frequent spells of untimely rain over the past month had him worried. Joined by his two sons, Singh picked up two stalks of wheat that had...
More »Rain-hit areas to get NREGS boost -Puja Mehra
-The Hindu NITI Aayog vice-chairman Arvind Panagariya says farmers can't be fully compensated for crop damage. The Union government will increase the number of work days under the Mahatma Gandhi National Rural Employment Guarantee Scheme from 100 to 150 in places where the recent Unseasonal Rain and hailstorms have affected crops. The relief package will include cash compensation. In addition, Prime Minister Narendra Modi has sought recommendations from NITI Aayog on how insurance...
More »Rain misery for Indian farmers -Vikas Pandey
-BBC Unseasonal Rains and hailstorms have destroyed crops in several parts of northern and western India. Small farmers are suffering the most in this crisis. Some of the affected farmers in northern Uttar Pradesh state tell their stories to BBC Monitoring's Vikas Pandey. Ram Singh of Pratapgarh looks nervous and unsure about the future as he shows me the destroyed wheat crop in his farm. He is one among many farmers in the...
More »From prosperity to penury -Ajoy Ashirwad Mahaprashasta
-Frontline NAIB SINGH hanged himself a fortnight ago in the land he had been tilling for five years at Bareh village in Mansa district of Punjab. He had hoped for a successful rabi wheat crop, but Unseasonal Rains reduced him to further penury. The 25-year-old left behind a debt burden of Rs.10 lakh for his family. His mother, Mahinder Kaur, does not know whether to mourn her son's death or lament...
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