The budgetary support to interest subvention scheme has increased by almost 14 times between 2006-07 and 2016-17. However, the much-touted subsidised short-term credit scheme provides little help to the small and marginal farmers, apart from tenant farmers. According to the Committee on Medium-term Path on Financial Inclusion, which submitted its report in December 2015, the interest subvention scheme suffers from 3 types of defects: i. Subsidised credit may not be...
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Rural to urban migration in India: Why labour mobility bucks global trend -Kaivan Munshi & Mark Rosenzweig
-The Indian Express The percentage of the adult population for four large developing countries — China, India, Indonesia and Nigeria — who are living in cities, as well as the change in this percentage between 1975 and 2000, are plotted in chart. Rural-urban migration is exceptionally low in India. Changes in the rural and urban population between decennial censuses over the period 1961-2001 indicate that the migration rate for working age...
More »Counterproductive Farm Policies -PSM Rao
-Outlook In the last two decades, more than 300,000 farmers have ended their lives. What can be done? Indian agriculture is important as it feeds an estimated 1.3 billion population of the country and is also burdened with the responsibility of providing livelihoods to 60 per cent of the people — 780 million people. No foreign country can produce this mammoth quantity of food and supply to India nor any sector...
More »Famine-hit Bundelkhand in distress; chapati-salt becomes the staple food -Rupashree Nanda
-CNN-IBN It's lunch time in Bundelkhand's Gudrampur village. Shyama knows the four hungry children waiting patiently will soon be restless. She is glad her sister-in-law Chunni Bai is helping. She is expecting her third child and pregnancy makes her tire easily. In the ninth month now, it's impossible to trek the 10 km circuit to collect firewood from Kadhaili and then sell it at the Fateganj market. She would make Rs 25...
More »In Jangalmahal village that once went hungry, ‘parivartan’ takes the form of affordable rice -Sarah Hafeez
-The Indian Express For Bedoni, whose family lost members to hunger in 2004, the supply of affordable rice to Amlasole village in Belpahari on the Jharkhand border means a less frantic struggle for food. Amlasole (West Bengal): The first thing Bedoni Sabar mentioned when asked what the government has done for her was, “Oi, du takaye chaal (You know, that rice at Rs 2).” The 38-year-old mother of five sat plaiting...
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