-The Hindu Business Line Finance Minister meets bankers to set targets To promote very small businesses, the Centre aims to facilitate credit up to ₹1 lakh crore under the MUDRA scheme in the current fiscal. According to a senior government official, the credit facility issue was discussed at a meeting between the Finance Minister and bankers recently. It was proposed that for the current fiscal, the target under ‘Shishu’ category would be ₹40,000 crore,...

-The Hindu The Mahatma Gandhi National Rural Employee Guarantee Scheme (MGNREGA) has generated more rural employment than any other government scheme or private initiative in the history of independent India. At the same time, it has also generated a great deal of controversy over its merits and demerits. It would be fair to say that the policy establishment in the country right now is not favourably disposed towards the MGNREGA, with the...

-The Telegraph Standard model: The state provides a poor woman employment for 58 days a year, under the 100-day job guarantee scheme, at (Bengal's) daily wage rate of Rs 169. Cost: about Rs 20,000 over two years. Alternative: The state provides her an asset - maybe a small grocery - teaches her to run it and monitors her progress while giving a daily stipend for her consumption needs and ensuring basic healthcare...

-The New Indian Express The financial distress in the rural sector, especially borne by the farmers and reflected in farmer suicides, is a matter of concern for the nation. The rural economy housing nearly two-thirds of the population is vital for the development of the nation as it not only supplies food for consumption but also provides a market for industrial output. The rural people, due to lack of awareness of...

-India Today Ahmedabad: IIT-Madras graduate Kannan Lakshminarayan dusted a few copies of "Young India" to find Mahatma Gandhi's vision and initiate cotton farmers to use miniature spinning machines right in their village where they grow the crop and increase their income. Following this, the middleman was out, the long-drawn value chain was short-circuited while farmers became spinners first and subsequently, weavers and even garment makers. In 1920, Mahatma Gandhi had written in...