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...

-The Indian Express Instead of announcing new schemes, focus to be on those already announced and key sectors As the Prime Minister Narendra Modi-led National Democratic Alliance (NDA) government pads up to enter its third year in office, its focus would be on key areas such as banking, defence, retail, manufacturing, infrastructure and job creation. If the first two years were about announcing signature schemes and campaigns, and setting the agenda for the...

-Frontline The government’s passage of the Aadhaar Bill in complete disregard of even basic parliamentary procedures and in subversion of an ongoing judicial process puts at risk a number of constitutional rights and liberties of citizens. The benefits cited are just ploys to realise a neoliberal dream. “Congressmen are dancing as if [Aadhaar] was a herb for all cures. With the Supreme Court pulling up the Centre, people are now seeking...

-Business Standard To connect with villages to highlight two years' achievements To commemorate two years of its rule, the Narendra Modi government is planning to penetrate deep into the hinterland, rural areas and Tier-2 towns with a balance sheet of its achievements. Officials said though much of the plan is still in the works, the thrust is to take the message to the grassroots. The rural engagement programme might not be limited to...

-PTI Asking party workers to reach out to SCs, STs and women, Finance Minister Arun Jaitley on Saturday said the government would soon launch a ‘Stand-up India’ scheme to provide loans of up to Rs. 1 crore to help members of these communities become big entrepreneurs. “In the next few days under ‘Stand Up India’ scheme, every bank branch will provide loans of up to Rs 1 crore to one SC/ST and...