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Tamil Nadu leads in skill training of urban poor

-The Times of India New Delhi: Tamil Nadu has taken the lead in skill training of urban poor in the past two years, followed by Madhya Pradesh and West Bengal. The southern state has also left others far behind in providing financial assistance for setting up individual and group enterprises besides forming maximum number of self-help groups. According to a release of housing and poverty alleviation ministry, 4.54 lakh urban poor have...

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The bitter tales of Shamli’s sugarcane farmers: ‘Netas talk palayan (exodus), our issue bhugtan (payment)’ -Harish Damodaran

-The Indian Express Even though Shamli tops in sugarcane production, there is nearly Rs 300 crore dues for district farmers. Shamli/ Kairana: Mohkam Singh supplied 22 buffalo carts of cane, each laden with 18 quintals, to the sugar mill at Shamli belonging to Sir Shadi Lal Enterprises Ltd in the 2015-16 crushing season. These 400 quintals should have fetched about Rs 1.12 lakh at the Uttar Pradesh government’s state advised price (SAP)...

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Maharashtra: Doubts loom over bank loans, may hit over three lakh farmers -Partha Sarathi Biswas

-The Indian Express The Maharashtra Gramin Bank has written to the district collectors of eight districts expressing inability to disburse crop loans for the upcoming kharif season. Mumbai: The prediction of a good monsoon may not be enough to bring cheers to farmers of Marathwada, as questions are being raised over disbursement of crop loans in the region. The Maharashtra Gramin Bank has written to the district collectors of eight districts...

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States to roll out PM crop cover scheme soon -Amiti Sen

-The Hindu Business Line Bidding process apace to select insurance firms for Fasal Bima Yojana New Delhi: The Centre’s flagship crop insurance scheme, Pradhan Mantri Fasal Bima Yojana, is likely to be rolled out in several parts of the country by next month as the bidding process for selecting insurance companies is over in at least ten States and a Union Territory and many others are in the midst of it. All top...

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Revisit interest subsidy scheme for farmers -Ashutosh Kumar Tripathi

-The Hindu Business Line It should apply to long-term rather than short-term loans, to prevent funds misuse and promote capital formation The Budget 2016-17 witnessed an increase of Rs. 2,000 crore in the allocation towards interest subsidy for short-term credit (i.e. crop loan) to farmers, compared with the revised estimate for 2015-16, thereby making a total provision of Rs. 15,000 crore towards interest subsidy. In fact, of the total allocation of Rs. 35,984...

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