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'Self Help Groups need bank loans to survive'

-The Times of India   HAZARIBAG: Bikram Kumar Das, deputy general manager, Nabard in Ranchi said unless banks provide loans to women self help groups formed in 18 of the 24 districts in the state, the purpose to make them self reliant will be defeated. Speaking at a press conference on Sunday, he said despite Nabard providing funds through NGOs, banks are not sanctioning loans to the self help groups. Although these women's...

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The political economy cycle in India-Pramit Bhattacharya

-Live Mint     As a democracy matures, citizens become more willing to trust elected representatives to plan and take steps for the long-term growth and development One common complaint during this election has been that the election commission (EC) has to be consulted before the government and its regulatory agencies take any routine decision. Decisions relating to gas price hikes and bank licences all had to be cleared by the EC, whose over...

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Gujarat field report: crops failing, farmers dying -Sandeep Pai

-The Hindustan Times Narendra Modi has in his poll speeches blamed the UPA government on more than one occasion for farmer suicides while admitting to just one such death due to agrarian reasons in 10 years in Gujarat. But an HT investigation has established his claim to be false. Copies of FIRs, last declarations by farmers and internal records of the state police accessed by HT reveal at least 54 farmers in...

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Women entrepreneurs face constraints in accessing finance

A new report entitled Improving Access to Finance for Women-owned Businesses in India (2014), jointly produced by the International Finance Corporation (IFC) and Government of Japan, underlines the importance of lending to women-owned micro, small and medium enterprises (MSMEs)* in India (see the link below). It discusses the problem of accessing finance faced by women entrepreneurs despite them having stronger repayment track records vis-à-vis men (non-performing loans are 30 to...

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Save the farmer

-DNA Farmers' suicides are as much a consequence of indebtedness as the failure of the government to offer solutions to make agriculture a viable profession. Astring of farmers' suicides, in the aftermath of hailstorms and unseasonal rainfall over the past fortnight, in Maharashtra sheds light on the parlous state of Indian agriculture. National Crime Records Bureau (NCRB) statistics tell us that over 2.8 lakh farmers have committed suicide since 1995. Though attempts...

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