-The New Indian Express If a government survey report is to be believed, an agricultural household harvests a debt of Rs 3,000 every month, forget about making money to sustain itself. The agricultural household 70th round survey of National Sample Survey Office conducted during July 2012 and June 2013 has revealed that the total income of an agricultural household per month was just Rs 6,426. On the other hand, the total...
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The bitter tales of Shamli’s sugarcane farmers: ‘Netas talk palayan (exodus), our issue bhugtan (payment)’ -Harish Damodaran
-The Indian Express Even though Shamli tops in sugarcane production, there is nearly Rs 300 crore dues for district farmers. Shamli/ Kairana: Mohkam Singh supplied 22 buffalo carts of cane, each laden with 18 quintals, to the sugar mill at Shamli belonging to Sir Shadi Lal Enterprises Ltd in the 2015-16 crushing season. These 400 quintals should have fetched about Rs 1.12 lakh at the Uttar Pradesh government’s state advised price (SAP)...
More »RBI asks banks to extend loans to women SHGs at 7% rate
-PTI Mumbai: The RBI today asked banks to provide loans up to Rs 3 lakh at 7 per cent interest rate to Women Self-Help Group (SHG) under the National Rural Livelihoods Mission (NRLM)-Aajeevika scheme during 2015-16. “All women SHGs will be eligible for interest subvention on credit up to Rs 3 lakhs at 7 per cent per annum. SHG availing capital subsidy under Swarnjayanti Gram Swarojgar Yojana (SGSY) in their...
More »Collateral-free loans offer hope to women -Sidhartha K
-The Times of India NEW DELHI: Until recently, Rajni, who lives in Tilak Nagar in west Delhi, used to work in a boutique. Now, she has decided to have her own setup, for which she has borrowed Rs 50,000 from Punjab National Bank. "I haven't decided whether I will take up a place or do it from home," she said. In Bawana, on the outskirts of Delhi, Kamla has taken a loan from...
More »The spectre of suicide -V Sridhar
-Frontline As rural Karnataka reels under an unprecedented wave of suicides by farmers, the State administration looks on, unwilling to address the reasons that have rendered rural livelihoods fragile. DEATH stalks rural Karnataka. In the 41 days between July 1 and August 10, as many as 245 farmers committed suicide, an average of six a day; since April 1, 284 farmers have taken their lives. As a bewildered State government gropes...
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