The National Bank for Agriculture and Rurual Development (NABARD) will pay greater focus on financing through 'Joint Liability Groups' (JLs) in Kerala as it is found more effective way of priority sector lending. JLs are informal groups of even 4-10 individuals joining together for the purpose of availing bank loans through group mechanisms against mutual guarantee. According to NABARD's State Credit Plan 2011-12, financial inclusion through JLGs would be deepened in partnerships...
More »SEARCH RESULT
Total Matching Records found : 2404
Lessons for micro-finance from 2010 by Subir Roy
The year 2010 was a tumultuous one for micro-finance institutions (MFIs) in India. It began with the highly successful SKS Microfinance public issue, which prompted other prominent MFIs to announce similar plans. It ended with the tumult in Andhra Pradesh which was marked by the state’s legislation to regulate the sector, severely impairing its ability to survive. MFI recoveries are down and they, in turn, have fallen behind in their...
More »2010 a nightmare for tobacco farmers by Prashanth Chintala
Crop loss estimated at Rs 625 crore For Andhra Pradesh tobacco farmers, 2010 was a tough year. Heavy rain in the last week of November and the first week of December damaged the crop extensively, resulting in a loss of around Rs 625 crore. “According to our estimates, standing crop in 52,000 hectares out of the total 110,000 hectares has been either partially or fully damaged. This is the worst crop loss...
More »Endosulfan sufferers don't count by Savvy Soumya Misra
Many endosulfan sufferers in Kerala still not recognised NARAYANA Vokalliga from Belur village in Kasaragod breathed his last on November 20 just as his son was explaining how his father had suffered from exposure to endosulfan for 30 years. The former employee of the Plantation Corporation of Kerala used to spray the toxic pesticide manually in the corporation’s cashew plantations at Nanjamparamba estate. When the corporation switched to aerial spraying, Narayan prepared...
More »Andhra Pradesh passes microfinance Act
On December 15, the Andhra Pradesh legislative assembly cleared a bill to regulate microfinance institutions (MFIs) in the state. The bill replaces an ordinance issued in October following 54 suicide deaths allegedly due to coercive methods of loan recovery by MFIs (see ‘Death by Default’, Down To Earth, November 30, 2010). The bill mandates MFIs to be registered with the district authority to collect installments at the panchayat office and restricts...
More »
