-IANS The government is considering creating a corpus fund of Rs.1,000 crore ($18.7 million) in the current fiscal that would encourage banks to give housing loans in 'significant volumes' to the urban poor, Prime Minister Manmohan Singh said Tuesday. Addressing a conference on the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) here, Manmohan Singh said the corpus of Rs.1,000 would be set aside to create a credit risk guarantee fund that could...

-The Telegraph   RBI governor D. Subbarao has expressed concern over Bengal’s low credit-deposit ratio, which means that funds from the cash-starved state are actually meeting the borrowing needs elsewhere. The erstwhile Left government used to blame banks for the skewed ratio. But bankers have blamed it on the poor credit absorption capacity of rural Bengal because of fragmented land holdings — a fallout of the land reforms. After a meeting with chief minister...

A fresh wave of farmer suicides has been reported in several states, pushing families deeper into poverty. A coalition of farm-sector organisations said it had identified over 700 cases this year, but state government officials said they were still verifying the incidents. “Vidarbha in Maharashtra has emerged as the epicentre of farmer suicides again. There have been 680 suicides in just 6 districts in 2011,” said Kishor Tiwari of Vidarbha Jan...

A National Sample Survey Organisation ( NSSO) study found that nearly half of the country's farmer households are in debt. Andhra Pradesh, Tamil Nadu and Punjab are the top three states recording highest percentage of farmers in debt.  Of the 89.35 million farmer households in the country, 43.42 million are unable to come out of the debt trap, the report said. AP tops the chart with 82% of farmers in debt,...

-The Times of India If you have a kutcha house or have a tarpaulin to cover youself, the socio-caste survey will not consider you homeless. If a farmer has a hand-pump provided by the government or a kisan patra to take loans against that, the same BPL scheme could now disqualify him from a BPL card.  If a widow has a 16 year-old son, she may end up losing the BPL status...