-The Hindu MHRD data also indicates variation in size of loans disbursed, with OBCs, SCs and STs receiving lower amounts on average Around 70% of the education loans disbursed in the country appear to be going to upper caste students, data on a government-funded surety scheme for educational loans furnished by Ministry of Human Resource Development (MHRD) in the Lok Sabha has indicated. The data provided was on the credit Guarantee Fund Scheme...
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Give farmers their due credit -Ashok Gulati & Ritika Juneja
-The Indian Express All crop loans should be routed through Kisan credit Cards. This will ensure that farmers do not use the loans for non-agricultural purposes. Normally, a sector’s credit off-take is a sign of its health. Higher the off-take, the better the sector’s performance. There has been a healthy off-take of ground-level credit (GLC) in agriculture and allied sectors. In the financial year (FY) 2018-19, banks disbursed Rs 12.55 trillion...
More »In variance with the official growth story -R Nagaraj
-The Hindu Surveys, including the recently leaked one on consumer expenditure, point to the economy’s dire state How fast has India grown lately? And, what are the yardsticks on which the country’s performance is being measured? These have remained contentious questions. Following the last decade’s boom, the economy was slowing after 2011-2012, but apparently turned around under the National Democratic Alliance (NDA) regime. Until very recently, the government claimed the economic success...
More »Rajasthan: Thousands of crop insurance claims denied as premium 'Refunded' -Shruti Jain
-TheWire.in The Agriculture Insurance Company of India returned farmers' premiums after one year, claiming that details had not been provided in "soft copy". The bank, however, has not credited the refund into farmers' accounts. Satlana (Jodhpur, Rajasthan): Thousands of farmers in the Satlana gram panchayat of Rajasthan’s Jodhpur, insured under the Pradhan Mantri Fasal Bima Yojana (PMFBY), have been denied insurance claims for two crop seasons – kharif 2016 and kharif 2017. The...
More »How India's game-changing tax bypasses the farmer -Garima Singh
-The Economic Times Indian farmer's plight has changed little even under GST that aims to revolutionise all kinds of businesses. NEW DELHI: That the farmer has historically had one of the most unrewarding and thankless jobs in India is fairly common knowledge. Data sets after data sets show how Indian farmers have remained hopelessly caught between ineffective policy and equally ineffective implementation — through the Five-Year-Plans era, through successive governments, and through...
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