SKS Microfinance, India's largest microfinance player, arrived with a bang with its hugely successful IPO in August. However, the recent sacking of its MD and CEO Suresh Gurumani has opened up a pandora's box that is now threatening to expose the ugly underbelly of the sector which, many allege, is teeming with players who are no better than moneylenders but have so far been able to operate under the pious...
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India’s first UID recipient returns to Rs 50-a-day life by Santosh Andhale
On Thursday, after a fortnight of photo-ops and hobnobbing with the most powerful people in the country, the first recipient of the unique ID card, Chhabadibai Sonavane, set out to look for work. She was elated when she learnt she would be paid Rs50 for eight hours of paddy planting at a farm 5km from her home in Tembhali village in tribal-dominated Nandurbar district. Only a day ago, prime minister Manmohan Singh...
More »Hope floats in great flood by Pankaj Jaiswal
Bhaggu, 65, says he can trace his memory back to when he was five. And he remembers the paradox that’s taunted him since: Of his village — Sohras, in northern Uttar Pradesh — being flooded every year and him having no water to drink. “They (government) distribute food, tarpaulin, kerosene, matchboxes but never made any arrangement for water,” says Bhaggu, a farm worker who goes by one name. “I think no...
More »Public campaign to showcase new schemes
Some of the Centre's flagship schemes aimed for rural development will be showcased at a special campaign from Wednesday. The Bharat Nirman public information campaign by Press Information Bureau (PIB) is aimed at reaching these projects to the rural areas and creating awareness about them. The three-day roadshow at Pandavapura in Mandya will have some 40 stalls wherein National Rural Employment Guarantee Scheme, National Rural Health Mission, Sarva Shikasha Abhiyan...
More »This poor farmer has the answer to India's food crisis
Apni kheti, apna khaad / Apna beej, apna swaad (Our own farm, our own fertiliser / Our own seeds, our own taste) -- Prakash Singh Raghuvanshi. A farmer from Tandia village in Varanasi has a solution to India's burgeoning food crisis. In a land where poverty, hunger, malnutrition and farmer suicides are rampant, Prakash Singh Raghuvanshi's innovation could work wonders. He has single-handedly developed a number of high yielding, nutritious...
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