It has been lauded as one of the most promising ways of using the market to reduce poverty and boost economies in some of the world's most deprived areas. But in recent months the work of microfinance institutions (MFIs), which provide small loans to poor people with no access to traditional banking services, has come under scrutiny after a spate of suicides in the Indian province of Andhra Pradesh was linked...

After the sanctioning of education loans, the public and private sector commercial bankers have shown almost no interest in sanctioning farm loans this year. The farmers in Madhya Pradesh continue to face financial strain and have stayed away from bankers. But the bankers consider last year’s debt waiver scheme being responsible for the low agri credit flow. While state-owned cooperative bankers moved ahead in sanctioning and disbursing priority sector advances, private...

In letters to Prime Minister, he pitches for the project to continue and vouches for rehabilitation Digvijay urged Manmohan to get Environment Ministry to withdraw order suspending work He also said the State had made substantial progress in rehabilitation While he seldom misses an opportunity to attack the ruling Bharatiya Janata Party government in Madhya Pradesh, documents recently accessed through the Right to Information Act show that the former Chief Minister and AICC...

To facilitate larger lease holdings of land for agro-based units The amendment allows the lease period for 15 years instead of five years Accounts of the panchayati raj institutions placed under the purview of CAG Rajasthan has amended its tenancy laws to facilitate larger lease holdings of agricultural land for longer periods by entrepreneurs who are interested in setting up agro-based products. The move takes into account the big potential the State has...

Eighty labourers, both men and women, are at work at Thiruvanduthurai village in Tiruvarur district of Tamil Nadu, about 325 km south of Chennai. They are digging a pond - about an acre wide and six feet deep - funded under the Mahatma Gandhi National Rural Employment Guarantee Scheme, or MGNREGS. Outside the work perimeter, two middle aged men look on, worried. P. Murugan and K. Govindaraj are farmers from the...