-The Hindu “Need for regulatory space for MFIs so they function without affecting SHGs” The National Rural Livelihood Mission (NRLM) would connect at least one woman from every poor household across the country with self-help groups (SHGs) in five years, Union Minister of Rural Development Jairam Ramesh said on Friday. “The objective of the programme is to ensure that in a five-year period one woman from every poor household becomes a member of...
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Financial Inclusion: The overzealous state is smothering the agenda-MS Sriram
It would be great if the enthusiasm on the Financial Inclusion agenda gets a pause from the frantic do-gooders . Too many people appear to be enthusiastic about serving the poor - and the kindness is killing. Back in 1956, we discovered that cooperatives were a great instrument to reach out to the poor. These were peoples' institutions, local and would be responsive to the problems of their members. A set of...
More »India trades up, finds census by Asit Ranjan Mishra & Shuchi Bansal
The latest round of data on the 2011 Census shows that the country is exhibiting distinct signs of trading up as material living conditions improve for large sections of the population. Although this aggregate picture is not uniform across the country, analysts believe that the upward material mobility in society is creating the basis of a new consumer boom in the economy—serving up a perfect backdrop ahead of the presentation of...
More »Need regulation to make sure that Financial Inclusion becomes cost-effective by Ashok Khemka
One of the key factors to inclusive growth is Financial Inclusion for all. Financial Inclusion refers to universal access to a wide range of banking solutions and financial services in a fair, predictable and transparent manner at affordable costs. The poor tend to be ignored because the transaction costs in serving them are high. Initiatives that reduce these costs will allow service providers to begin thinking of financial services for...
More »Radio programme on MNREGA a hit
-The Hindu Deevige, a sponsored programme on the Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA), produced by All India Radio (AIR) Hassan has received an overwhelming response from the public. The programme, broadcast by all AIR stations in the State simultaneously at 7.45 p.m. every day, has completed 69 episodes so far. Eleven more episodes are scheduled to be aired before March 20. At the end of each episode, AIR invites...
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