The Rs.3,884-crore package for the handloom sector, which includes one-time waiver of overdue loans and interests, approved by the Union Cabinet, is expected to benefit about 3-lakh weavers and 15,000 cooperative societies, which would have access to institutional credit once again. However, the package will benefit only those who took loan before March 31, 2010. “There would be many weavers who had no access to institutional credit in the past and...

Recognising the impact of schemes such as the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), President Pratibha Patil on Thursday called for their further utilisation in the agriculture sector in the emerging scenario of “farm labour shortage and food security.” The President's comments are significant in the context of Union Agriculture Minister Sharad Pawar's recent letter to Prime Minister Manmohan Singh urging him to suspend the MGNREGS during crop harvesting...

The Union rural development ministry has decided to ape Planning Commission's discussion with states for annual finances to send a stronger message about Centre's authorship on welfare schemes, a move aimed at addressing the longstanding gripe of Congress that states were cornering all the credit. The ministry has asked states to prepare for "annual plan discussion for RD schemes" from 2012, a consultation to finalise their budget for each scheme...

Lack of adequate credit - the lifeblood for any company is threatening to derail fledgling attempts by hundreds of dalit entrepreneurs to overcome deep socio-economic barriers and break into mainstream business.  Without credit, such entrepreneurs would also struggle to cash-in on the Rs 7,000-crore business opportunity opened up by the central government's new dalit-friendly sourcing plan, unveiled last month.  Credit disbursements to dalit entrepreneurs through 20-odd schemes run by the Ministry of...

-The Indian Express   Maharashtra Chief Minister Prithviraj Chavan on Friday came out in support of NCP leader and Agriculture Minister Sharad Pawar’s suggestion to Prime Minister Manmohan Singh that the UPA’s flagship rural job guarantee scheme (NREGS) should be suspended for “at least three months in a year” so that agricultural labourers are available during the peak season of agricultural operations in various parts of the country. “He (Sharad Pawar) is a...