-TheWire.in Figures highlighted in an RTI reply cut to the heart of a debate over the government’s assertion to count Mudra loan beneficiaries as employed. New Delhi: Struggling to deliver on the poll promise to create one crore jobs a year, the Narendra Modi government and the BJP may have found a face-saver in the flagship self-employment Mudra scheme, launched under the Pradhan Mantri Mudra Yojana (PMMY) in 2015. However, three years in,...
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BJP's Karnataka pledge may trigger loan waiver demand in other states -Sayantan Bera
-Livemint.com Loan waiver promises fell short of farmers’ expectations in states like Uttar Pradesh, Maharashtra and Punjab New Delhi: The Bharatiya Janta Party’s (BJP’s) poll promise in Karnataka to waive off farm loans is likely to intensify demands for a similar waiver in other states such as Madhya Pradesh, Chhattisgarh and Rajasthan which go to polls this year. In February last year, Prime Minister Narendra Modi had promised to waive off farm loans...
More »To reduce rural distress, Narendra Modi government to raise agri credit target by 20 pct
-The Financial Express Finance minister Arun Jaitley may announce agricultural credit target of Rs 12 lakh crore for 2018-19, up 20% from the level for the current year, as he lends focus to addressing rural distress in the coming Budget. While the farm credit targets have been overachieved in recent years, the disbursal by October end this fiscal was 67% of the annual plan. The government is confident of exceeding the...
More »Maharashtra allots Rs 142,400 mn for farm loan waivers, cropping
-PTI Arun Jaitley had last year said that the Centre will not be part of a state's fiscal leverage in waiving farm loans and the cost has to be borne by the states Mumbai: The Maharashtra government today made allocations worth Rs 14,240 crore for the farm loan waiver scheme and for repayment to farmers whose produce was purchased by the state. The state's cooperation and marketing department today issued a Government Resolution...
More »Do not force us to do Aadhar seeding, it is against spirit of democracy: Largest bank officers' body -Arun Janardhanan
-The Indian Express In the implementation of the Pradhan Mantri Jan Dhan Yojana, public sector banks and regional rural banks have opened 29.13 crore accounts as against 96 lakh accounts by the private banks. Chennai: The All India Bank Officers Confederation (AIBOC), the largest body representing over 3,25,000 officers, opposed the Centre’s move making Aadhaar mandatory and forcing bank officers to do Aadhar seeding. When the matter is subjudice in the...
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