-Down to Earth Ministers write protest letters to prime minister and finance minister, saying it would greatly impact ongoing schemes The Congress-led UPA government has been harping on its pro-poor schemes in the run up to the elections early next year. But it has effected a drastic cut in budgetary allocations for social welfare schemes. The move is reportedly prompted by the urgent need to contain current account deficit (CAD) to below...
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Rural Mission to be executed in phased manner-Girija Shivakumar
-The Hindu The government has reiterated that it will implement the National Rural Livelihoods Mission (NRLM) in a phased manner to ensure targeted and time-bound delivery of results. Recently, in a reply to a question posed in the Lok Sabha, Minister of State for Rural Development Pradeep Jain had said that it was the NRLM's mandate to guarantee that at least one member from each identified rural poor household, preferably a woman,...
More »Women SHGs to get loans at lower rates - Elizabeth Roche
-Live Mint Cabinet clears proposal to give loans at 7% interest rate, and 4% if SHGs repay loans within the stipulated period The federal cabinet has cleared a proposal to give loans to women self-help groups (SHGs) at 7% interest rate, cheaper than the existing 11.5-14%, bringing the cost of loans on a par with those given to farmers. SHGs that repay loans within the stipulated period will be eligible for loans at...
More »Umeed, Himayat projects in all rural blocks of J&K -Ahmed Ali Fayyaz
-The Hindu Union Rural Development Minister Jairam Ramesh made it clear on Friday that two of his ambitious projects - Umeed for empowerment of women and Himayat for capacity building and employment of youth - would be soon extended to all 143 rural development blocks in Jammu and Kashmir. Buoyed by massive response in the four blocks, two each in Kashmir and Jammu divisions, Mr. Ramesh is now planning dovetailing of the...
More »Jairam wants financial institution for self-help groups-Priscilla Jebaraj
-The Hindu "If we are going to be serious about supporting women's SHGs, then we need a development finance institution" Finance Minister P. Chidambaram's proposal to establish a bank exclusively for women - which he described as the highlight of this year's budget - may have garnered applause from across party lines in Parliament and could be set up as early as October; but that hasn't stopped his Cabinet colleague and Rural...
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