-The Hindu With a single stroke, the government has made over 3.5 crore existing post office accounts ready for its new Aadhaar-linked cash transfer scheme. The accounts, which belong to MGNREGA workers over the country, were originally to be used only for receiving wages under the rural employment guarantee scheme. However, the government has now woken up to the potential of using the ready-made network of accounts to directly transfer benefits such...
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3000 new bank branches to come up in rural UP
-The Indian Express Lucknow: Nearly 3,000 new bank branches will be set up in rural areas of the state till 2014. Reserve Bank of India Governor D Subbarao assured CM Akhilesh Yadav on Tuesday that the villages selected under Dr Ram Manohar Lohia Samagra Gram Vikas Scheme will be given preference for opening new branches. Subbarao met the CM at his residence in Lucknow. The chief minister pointed out that on the basis...
More »Nitish Kumar, half his Cabinet colleagues are crorepatis-Santosh Singh
-The Indian Express Patna: Fifteen out of 29 Bihar ministers, including Chief Minister Nitish Kumar and his deputy Sushil Kumar Modi, are crorepatis. As a part of their anti-graft measures, started in 2011, the CM and his ministerial colleagues declared their moveable and immoveable assets this New Year. Four new entrants have joined the crorepati club this year. Thy are Ashwini Kumar Choubey, Shyam Rajak, Bhim Singh and Bijay Choudhary. Parveen Amanullah is...
More »Cash Transfer to Cover All J'khand Districts by May: Ramesh
-Outlook Chandwa (J'hand): All districts in Jharkhand would be covered in the Direct Cash Transfer programme by middle of next year, Union Minister Jairam Ramesh said today. "Now Hazaribagh, Ramgarh, Sareikela-Kharsawan and Ranchi are among the Jharkhand districts in the country where Direct Cash Transfer programme will begin from January 1. We are trying to cover all the districts in the state by May," the Rural Development minister said while taking stock...
More »Loans at 7% to Women SHGs From 2013: Ramesh
-Outlook Hyderabad: Union government is all set to provide loans to women self help groups (SHGs) at the rate of seven per cent from April 1 next year and at four per cent to the target group in 150 selected districts, Union Minister for Rural Development Jairam Ramesh announced here today. "Loans will be extended to Self Help Groups at 7 per cent from April 1 while in another 150 districts, selected...
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