The Finance Ministry has launched a concessional loan scheme for farmers to prevent distress sale of agricultural produce. Farmers who park their produce at warehouses will be able to avail short-term post harvest loan at 7% as against the prevailing rate of 11%-12%. Farmers making timely payment of the loans will further enjoy 3% interest subvention, bringing the real interest rate to 4%, according to the finance ministry directive. This will benefit...

For implementing food security Act Constitution of a Sate Food Security Mission and district-level grievance redressal mechanism have been mooted for the effective implementation of the National Food Security Act. The proposed mission will have an advisory role, mainly to advise the government and its agencies, autonomous bodies, and non-governmental agencies involved in the delivery of services for effective implementation of food and nutrition-related schemes and also to enable individuals to...

For implementing food security Act Constitution of a Sate Food Security Mission and district-level grievance redressal mechanism have been mooted for the effective implementation of the National Food Security Act. The proposed mission will have an advisory role, mainly to advise the government and its agencies, autonomous bodies, and non-governmental agencies involved in the delivery of services for effective implementation of food and nutrition-related schemes and also to enable individuals to...

-The Business Standard   Achieves total financial inclusion in Andhra Pradesh. State Bank of India (SBI) is planning to use the rural banking correspondent (BC) network for farm loan recoveries in addition to the services prescribed under the financial inclusion plan by the Reserve Bank of India. The SBI’s Hyderabad circle with operational jurisdiction extending to the entire state of Andhra Pradesh is one of the first to achieve total financial inclusion. It has...

The Union government has tabled two bills in the Lok Sabha in the last week of the winter session. Since one of them is the lok pal bill, it has hijacked virtually all the public attention. This is a pity for two reasons. First, there is considerable doubt whether the lok pal bill — in any form — can really be the magic solution that Team Anna would like us...