-The Hindu Strengthening the MGNREGA would be more prudent than a targeted cash transfer plan like PM-KISAN Rural distress has hit unprecedented levels. According to news reports, unemployment is the highest in 45 years. To allay some misgivings of the distress, one of the announcements in the Budget speech was that “vulnerable landholding farmer families, having cultivable land up to 2 hectares, will be provided direct income support at the rate of...
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RBI raises limit for collateral-free agri loans to Rs.1.6 lakh from Rs.1 lakh
-The Hindu Business Line In the wake of the government announcing direct income support of ?6,000 per year for small and marginal farmers in the interim Budget on February 1, the Reserve Bank of India, on Thursday, raised the limit for collateral-free agriculture loans to Rs.1.6 lakh from Rs.1 lakh. The central bank said the increased limit will enhance coverage of small and marginal farmers in the formal credit system. The circular...
More »No budget for farmers -Ashok Gulati
-The Indian Express Direct income support for farmers is too late, too little The hopes of farmers for a meaningful package from the Modi government have evaporated after the announcements in the Union budget. The proposed Rs 6,000 annual direct income support to small and marginal farmers is a drop in the ocean. States like Telangana and Odisha have done much better with their Rythu Bandhu and Kalia schemes respectively. After...
More »PM-KISAN challenge: Centre may end up spending only a fifth before elections -Jitendra
-Down to Earth Lack of land records, poor Aadhar-linkage can cap disbursement at Rs 3,500 cr this financial year The Narendra Modi government may have to be content spending less than a fifth of what it allocated for its much-touted Pradhan Mandhri KIsan SAmman Nidhi (PM-KISAN) for whatever remains of the current financial year. The lack of detailed land records and gaps in Aadhar-linkages for bank accounts can be major roadblocks. Union minister...
More »With an ocean of salt -Rajeev Gowda
-The Indian Express Interim budget does little to tackle unemployment, poverty. And it is clear that the government’s figures cannot be trusted. Last month, I was part of an all-party delegation of MPs from Karnataka, led by a Union cabinet minister, who met the Union rural development minister. We requested him to release the MGNREGA funds overdue to Karnataka. We pleaded that the poorest of the poor, who turn to MGNREGA...
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