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How loan sharks pull poor farmers into a debt trap -Naheed Ataulla & Anand J

-The Times of India As crops fail, banks don't deliver and the government falters, Mandya's farmers find themselves at the mercy of unscrupulous moneylenders Chenne Gowda has a Rs. 4 lakh albatross around his neck. The 55-year-old sugarcane farmer from Chikka maralli village in Pan davapura taluk, Mandya district, took the loan from private moneylenders but has no idea how he'll repay. His crop, on two acres, is wilting in the field...

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3.6 L Benefit from Rural Poverty Elimination Plan

-The New Indian Express BHUBANESWAR:  Around 3.6 lakh people from scheduled categories and economically weaker sections of the society of 10 districts have been benefited under World Bank-assisted Targeted Rural Initiative for Poverty Termination and Infrastructure (TRIPTI) programme. The project, a poverty reduction programme, aims at enhancing the socio-economic status of the poor, especially women and disadvantaged groups, in 38 blocks of 10 districts. The project launched in November 2009 has mobilised 79,000...

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The Importance of Being 'Rurban': Tracking Changes in a Traditional Setting -Dipankar Gupta

-Economic and Political Weekly A categorical distinction is facing rough weather--that between urban and rural. If we take just agriculture, there is so much of the outside world that comes in not just as external markets but as external inputs. Further, many of our villages barely qualify as rural if we were to take occupation alone. So the earlier line that separated the farmer from the worker in towns is slowly...

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Unused priority sector lending funds to be diverted to MUDRA Bank -Surabhi

-The Indian Express Unused priority sector lending funds of commercial banks will be used to set up the Rs 20,000 crore corpus of the proposed MUDRA Bank. The bank will use at least 65 per cent of its funds for lending to micro enterprises run by members of scheduled castes and tribes. Typically, domestic commercial banks deposit their lending shortfall from priority sector to the Rural Infrastructure Development Fund of the NABARD...

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Congress manifesto: right to health is next on agenda -Kundan Pandey et al

-Down to Earth Grand old party of India renews some old promises and makes some new ones, but will Congress live up to its promises if it wins a third term? The Indian National Congress (INC) presented its manifesto for the upcoming Lok Sabha elections on Wedneday. The manifesto committee claimed the 48-page document was prepared after wide consultations by engaging millions of people, grassroots congress workers and every section of the...

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