-Deccan Chronicle The managers used a part of the 60 per cent amount to repay the Mudra loan for a year and pocketed the rest. New Delhi: The Modi government may have to get battle ready soon for cleaning up the Mudra loan mess that has added to the concerns of the banking system. The plan to create “job creators and not job seekers” by disbursing massive credit to micro and small...

A recent report by the National Bank for Agriculture and Rural Development (NABARD) enlightens one about the state of farmers' income and indebtedness in 2015-16. Entitled NABARD All India Rural Financial Inclusion Survey 2016-17 – in short NAFIS 2016-17 – the report says that between 2012-13 and 2015-16 the average monthly income for agricultural households grew by around 39 percent. One may recall that the Key Indicators of Situation Assessment Survey...

-PTI NEW DELHI: A parliamentary committee looking into the issue of mounting non-performing assets (NPAs) has asked former RBI Governor Raghuram Rajan to appear before it and brief on the matter. Rajan was invited after former Chief Economic Advisor (CEA) Arvind Subramanian praised him before the Parliament's Committee on Estimates, headed by veteran BJP leader Murali Manohar Joshi, for identifying the NPA crisis and trying to resolve it. Joshi has written a letter...

-Livemint.com The average annual income of agricultural households was Rs 107,172, the National Financial Inclusion Survey 2016-17 shows New Delhi: Rural households have access to banking and have savings but investment levels and pension and insurance coverage remain very low, a financial inclusion survey conducted by the National Bank for Agriculture and Rural Development (Nabard) showed. At the same time, levels of indebtedness were high and nearly equalled annual incomes, according to...

-Down to Earth Instead of encouraging them on paper, the government has to create a few model FPOs in the country and provide institutional support to them The Narendra Modi-led government has been tirelessly claiming that it would double farmers’ income by 2022. There is a lot of evidence to show that in the pursuance of this target, the income of farmers has not increased, but has rather stalled or decreased. Consequently,...