-The Economic Times Small and marginal farmers who constitute more than 80% of total farmer households in the country face exclusion from formal financial channels," says the Nair Committee on priority sector lending. The same report says "commercial banks have been prescribed targets since late 1960s for priority sector lending". The banking system failed the farmers and the needy despite nationalisation, but is there a viable model that could help the millions...
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Govt to set up more rice mills in rural areas
-Statesman News Service The state food department will set up rice mills on the public-private partnership (PPP) model at 158 blocks of the state. Chief minister Mamata Banerjee has initiated the process to avoid any further problem in rice procurement. The crop production was high this year, but due to dearth of rice mills the state food department initially faced problem in the procurement process. State food minister Jyotipriya Mullick said: "We...
More »Budget 2012: Finance ministry set to hike agriculture lending target despite sharp rise in NPAs by Dheeraj Tiwari
The finance ministry is all set to increase the agriculture lending target by around 25% in the budget for 2012-13 despite a sharp increase in the non-performing loans in the sector. In the last budget, the government had increased the target to 4.75 lakh crore from 3.75 lakh crore in the year before. "Banks will continue to focus on all priority sector areas. This year more focus will be on direct lending...
More »Investing in water, sanitation as important as in defence: Jairam by K Balchand
Proposes inter-ministry contribution for prioritising the issues Union Minister of Rural Development Jairam Ramesh has presented a plan to various Central ministries to contribute to the cause of drinking water and sanitation, saying that investment for a healthy population was as important as investing for defence. Mr. Ramesh, who also holds the Drinking Water and Sanitation portfolio, on Tuesday had his proposals ratified at the National Drinking Water and Sanitation Council which...
More »RTI application that busted NGO's fake recruitment drive in Ranchi by Jaideep Deogharia
The Right to Information Act (RTI) can be used in different ways not only to expose corruption in government offices and public sector enterprises but also to force private NGOs and societies under Section 2(f) of the act to cough up information. Using the tool, noose can be tightened around those private agencies that try to fool people in the name of being associated with government-sponsored schemes. The option available in the...
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