-Tehelka Prime Minister announced increase in quantum of compensation for Crop Damage to affected farmers by 50 per cent. Showering a bright hope to small entrepreneur, Prime Minister Narendra Modi launched MUDRA (Micro Units Development and Refinance Agency) bank under the Pradhan Mantri Jan Dhan Yojana which will provide credit up to 10 lakh to small entrepreneur and act as a regulator for ‘Micro-Finance Institutions' (MFIs). The prime minister also announced increase in...
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Farm to Plate: How safe is your food? -Priyamvada Kowshik
-India Today "The butterflies will show you the way to the farm." Farmer Sunil Gupta is not talking of mythical butterflies that will appear to guide me to the organic farm I am trying to locate amidst swathes of farmland, some lush with the standing paddy, some damaged in parts from last week's strong winds, others dotted with vegetable patches or freshly ploughed for the next crop. Can one tell an organic...
More »PM launches Mudra bank to ‘fund the unfunded’ small entrepreneurs
-Hindustan Times Prime Minister Narendra Modi on Wednesday launched the Mudra bank which will provide loans of up to Rs 10 lakh to small entrepreneurs including shopkeepers and beauty parlour owners, hoping that it will promote growth and create jobs. Short for Micro Units Development and Refinance Agency Bank, the financial institution will act as a regulator for micro-finance institutions (MFIs). Mudra Bank will have a corpus of Rs 20,000 crore, Modi said...
More »Unseasonal rains deepen distress and debt on farms -Sayantan Bera and Nikita Mehta
-Livemint.com The untimely rain is set to further affect stressed rural income because of a slump in commodity prices Mathura/New Delhi: Last Monday, towards the evening, Sahab Singh, a 58-year-old farmer, walked up to his small patch of land in Mathura district of western Uttar Pradesh. Frequent spells of untimely rain over the past month had him worried. Joined by his two sons, Singh picked up two stalks of wheat that had...
More »Rain-hit areas to get NREGS boost -Puja Mehra
-The Hindu NITI Aayog vice-chairman Arvind Panagariya says farmers can't be fully compensated for Crop Damage. The Union government will increase the number of work days under the Mahatma Gandhi National Rural Employment Guarantee Scheme from 100 to 150 in places where the recent unseasonal rain and hailstorms have affected crops. The relief package will include cash compensation. In addition, Prime Minister Narendra Modi has sought recommendations from NITI Aayog on how insurance...
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