Although social activists and concerned economists demanded at least Rs. 1 lakh crore to be earmarked in favour of the Mahatma Gandhi Rural Employment Guarantee Scheme (MGNREGS), the Finance Minister in her budget speech on 1st February allocated only Rs.61,500 crore to it for the financial year 2020-21. As compared to the fund spent on MGNREGA in 2019-20 (i.e. revised estimate of Rs.71,001.81 crore), the amount set aside for the...
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All about Odisha’s new credit scheme for 7 lakh landless farmers, a ‘first’ in India -Samyak Pandey
-ThePrint.in Under the ‘Balaram’ scheme, the Odisha government will provide credit worth Rs 1,040 crore to 7 lakh landless farmers in the next two years. New Delhi: The Odisha government has launched a scheme to provide agricultural credit to landless farmers across the state. This is the ‘first’ such targeted scheme for landless farmers in India. Under the ‘Balaram’ scheme the Naveen Patnaik government announced Thursday, Odisha will provide agriculture credit worth Rs...
More »UP cane dues: This time, it’s worse -Piyush Srivastava
-The Telegraph Delay in clearing dues affecting Muzaffarnagar farmers as cultivation is their only source of income Lucknow: Sugarcane farmers in Muzaffarnagar have alleged that the eight sugar mills in the district have been delaying payments totalling Rs 1,300 crore, a perennial problem of late clearance of dues that is this time hurting the cultivators even more because of the economic crisis perpetrated by the pandemic. Preparing to protest while alleging that the...
More »Green shoots in rural India set the stage for economic revival -Gireesh Chandra Prasad and Suneera Tandon
-Hindustan Times Business leaders expect a normal monsoon, record sowing of summer crops, improved winter harvest and a raft of government measures to help farmers and boost rural incomes to boost demand for goods ranging from two-wheelers to tractors. Businesses are banking on a bumper harvest and high rural incomes to drive demand for goods after the coronavirus pandemic stunted growth in the country’s cities, where most of the factories and offices...
More »Dr. Himanshu. associate professor at JNU and a visiting fellow at Centre de Sciences Humaines, interviewed by Shreehari Paliath (IndiaSpend.com)
-IndiaSpend.com Bengaluru: As India deals with growing numbers of COVID-19 cases and the economic ramifications of the resultant lockdowns, the Bharatiya Janata Party-led government has made a slew of announcements and promulgated ordinances to revive the economy, including the agriculture sector. It brought in the Farmers’ Produce Trade and Commerce (Promotion & Facilitation) Ordinance 2020, Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Ordinance 2020, and amended the...
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