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West Bengal's savings scheme for poor gets RBI nod -Atmadip Ray

-The Economic Times KOLKATA: West Bengal chief minister Mamata Banerjee's plan to start a savings scheme with the aim of protecting the poor from losing their money to deposit schemes that promise high returns will be going ahead with the Reserve Bank of India having cleared the participation of state-run banks in the programme. The state government is to launch the plan on November 6. State-run West Bengal Infrastructure Development Finance Corporation...

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Nabard to ensure fast funds to states battling storage crisis

-The Economic Times KOLKATA: Eastern and North Eastern states, which grapple with acute storage deficit, will get a priority in fund allocation for setting up warehouses, National Bank for Agriculture and Rural Development (Nabard ) said. States with food deficits like Jammu and Kashmir will also receive a priority treatment. The government has directed Nabard to treat these states favourably to cut farm losses amid implementation of the world's biggest population feeding...

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Uttarakhand needs smarter projects, World Bank's India head says

-PTI NEW DELHI: Rain and flash floods have pushed back development works in Uttarakhand by decades and the challenge at the moment is to build smarter projects without impacting the fragile environment of the hilly region, said World Bank's country director Onno Ruhl. "In Uttarakhand, the challenge is to build smarter, so that they do not undermine the fragility of the environment," he told PTI after the approval of a $250 million...

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NABARD Launches New Scheme to Advance Direct Loans

-Outlook Shimla: National Agriculture Bank And Rural Development has launched a Warehousing Scheme (NWS) to advance loans to Public and Private sector for creation of storage infrastructure with a corpus of Rs 5,000 crore during 2013-14. "A dedicated scheme for providing assistance for creation of storage infrastructure with a corpus of Rs 5,000 crore has been introduced, pursuant to announcement made by Union Finance minister in current year's budget and the scheme...

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Madurai’s dry pockets are turning green-L Srikrishna

-The Hindu Villages get infrastructure to conserve water and recharge wells Madurai: The district's dry pockets in the Usilampatti and Sedapatti blocks are alive with development activity aimed at mitigating the hardship faced by drought-hit farmers. Watershed and percolation ponds are being created in these regions. On the lines of initiatives taken by the National Bank for Agriculture and Rural Development (NABARD) and non-governmental organisations, the State government is establishing watershed projects to...

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