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RBI asks banks to extend loans to women SHGs at 7% rate

-PTI   Mumbai: The RBI today asked banks to provide loans up to Rs 3 lakh at 7 per cent interest rate to Women Self-Help Group (SHG) under the National Rural Livelihoods Mission (NRLM)-Aajeevika scheme during 2015-16. “All women SHGs will be eligible for interest subvention on credit up to Rs 3 lakhs at 7 per cent per annum. SHG availing capital subsidy under Swarnjayanti Gram Swarojgar Yojana (SGSY) in their...

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No food for cultivators -Devinder Sharma

-DNA When it comes to farmers, the government has precious little to offer The monsoon season is over. With 14 per cent shortfall in the amount of rains, and with nearly 39 per cent of the cropped area in the country hit by a crippling drought, I was expecting the Reserve Bank of India governor Raghuram Rajan to announce a series of monetary benefits and exemptions in credit repayments for farmers....

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Ending the debt-suicide cycle in Telangana -B Yerram Raju

-The Hindu Business Line Recently, the Telangana Agricultural Advisory Forum, consisting of a few university professors and scientists, deliberated on the causes and consequences of the drought and farmer ‘suicides’ in the State. The unofficial number of suicides attributed to farm families is 1,152. An inquiry into some of the recent suicides reveals an interesting picture. The farmers were not indebted to cooperative credit societies or commercial banks. The case of a...

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Centre unveils package to tackle rural distress --Elizabeth Roche, Saurabh Kumar and Utpal Bhaskar

-Livemint.com MGNREGS work days increased to 150 from 100; Rs.5,142 cr rurban project to create 300 smart village clusters New Delhi: The National Democratic Alliance (NDA) government on Wednesday unveiled a package of measures to combat rural distress in the backdrop of a below-average monsoon rainfall. The Union cabinet decided to increase the number of days of employment under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) from the existing 100...

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The looming spectre of rural distress -Vatsala Kamat

-Livemint.com Amid all the gloom, the lower inflation rate and commodity prices could bring some respite With the southwest monsoon retracing, concerns about the deficiency of rainfall and its impact on the economy are increasing. The 15% rainfall deficit makes it the second consecutive year of less-than-normal monsoon dotted with some unseasonal showers. Together, this would have multiple ramifications on economic growth. Both macroeconomic and sectoral analysts have turned cautious and some...

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