-Hindustan Times Government’s decision is aimed to cut dependence of small and marginal farmers on usurious informal private lenders. The government has streamlined lending norms in schemes such as the Kisan Credit Card to boost institutional credit flow to small and marginal farmers who make up over 90% of people engaged in agriculture and, as a class, are highly vulnerable to risks. The aim is to cut their dependence on usurious...
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In five years, pvt Banks see 450 per cent spike in bad loans -George Mathew
-The Indian Express Among private Banks, ICICI Bank, whose MD and CEO Chanda Kochhar is facing allegations of conflict of interest while sanctioning loans to the Videocon Group, topped the NPA table with Rs 54,063 crore in bad loans. Mumbai: Data over the last five years shows that private Banks have been steadily accumulating bad loans, with a 450 per cent rise in gross Non-Performing Assets (NPAs) of these Banks — from...
More »PMFBY reaping the failure sown by states -Ashok Gulati
-Financial Express The PMFBY involves farmers, Banks, state and central government, insurance companies and re-insurers. This article is second in the series to assess performance of BJP-led NDA government at the Centre in agri-food space over the last four years. The first one appeared in this paper on April 30 (goo.gl/AGnEaJ).Here, we look at BJP’s promise in its manifesto, namely, “implement a farm insurance scheme to take care of crop loss”....
More »How Many Jobs Are Really Being Created by the Modi Govt's Mudra Scheme? -Noor Mohammad
-TheWire.in Figures highlighted in an RTI reply cut to the heart of a debate over the government’s assertion to count Mudra loan beneficiaries as employed. New Delhi: Struggling to deliver on the poll promise to create one crore jobs a year, the Narendra Modi government and the BJP may have found a face-saver in the flagship self-employment Mudra scheme, launched under the Pradhan Mantri Mudra Yojana (PMMY) in 2015. However, three years in,...
More »Karnataka excels in social audit coverage of both districts & GPs under MGNREGA in 2017-18
One of the salient features of the Mahatma Gandhi Rural Employment Guarantee Act (2005) is that there are provisions in it to ensure transparency and accountability. Section 17(2) of the MGNREGA says that the gram sabha shall conduct regular social audits of all the projects under the scheme taken up within the gram panchayat (GP). In addition to that, Section 17(3) of the MGNREGA states that the GP shall make...
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