The Union government intends to launch by January end a scheme aimed at improving the status of women as agriculturists and open up opportunities for their empowerment. The scheme, to be taken up by the Ministry of Rural Development, has been named Mahila Kisan Sashaktikaran Pariyojana (MKSP). It will be launched as a sub-component of the renamed, but yet to be launched, National Rural Livelihood Mission (NRLM), which was earlier known...
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Ela Bhatt doing path-breaking work for women: Hillary by Narayan Lakshman
Ms. Bhatt has helped poor women attain dignity and independence “Investing in women is one of the most powerful ways to fight poverty” Ela Bhatt, founder of the Self-Employed Women's Association, was presented with the first Global Fairness Initiative Award by United States Secretary of State Hillary Clinton, “for her contribution to India and particularly the women of India, and to the global community.” Speaking at the awards ceremony held at the Kennedy...
More »Fresh press panel sought by P Sunderarajan
Editorial space being sold daily: Nayar Favours abolition of contract system “Newspapers becoming pro-establishment” Former Member of Parliament and veteran journalist Kuldip Nayar on Tuesday called for the setting up of a press commission to go into issues such as “paid news.” Noting that the last time a press commission was set up was in 1977, he said it was time for a fresh one in the light of developments over the past three...
More »Andhra reply to MFI ordinance soon by B Krishna Mohan
Tight liquidity continues; rise in bank rates likely for such lending. The Andhra Pradesh government will take some time to reply in the high court to the petitions filed against the Andhra Pradesh Microfinance Institutions (Regulation of Money Lending) Ordinance, issued last month. The Microfinance Institutions Network (MFIN), SKS Micro Finance and Spandana Sphoorty Financial have filed petitions saying the ordinance threatens to disrupt their business. The government sought an extension after...
More »Five myths about microfinance by TT Ram Mohan
The microfinance bubble has burst. The AP government ordinance, the AP oppositionfs campaign asking borrowers not to repay and the sheer public hostility towards MFIs . all these have put the brakes on MFI activities for now. We need to rethink the role of MFIs in the rural economy . In order to do so, we must first grasp some of the myths on which the MFI sector has rested...
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