An ambitious scheme to make higher-education loans more attractive to poor students has failed to meet its target because of inadequate marketing and lack of coordination among various agencies. The scheme, launched in 2010 by the human resource development (HRD) ministry, gives full interest subsidy (a student will not have to pay the interest for the loan he or she avails) to students from families earning less than Rs.4.5 lakh a...
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Kudumbashree, National Rural Mission to sign pact for services
-PTI Kerala-based, all-women micro-lender Kudumbashree will soon sign a pact for providing consultancy services to the National Rural Livelihood Mission with the objective of scaling up this flagship programme of the Rural Development Ministry. Under the soon-to-be-inked agreement with the National Rural Livelihood Mission (NRLM), a flagship programme of the Rural Development Ministry, Kudumbashree will offer its micro-enterprise consultancy services to the mission. "Kudumbashree will soon be signing a Memorandum of Understanding with...
More »Playing with numbers, and lives by Brinda Karat
The Planning Commission, headed by the prime minister, has filed an affidavit in the Supreme Court quantifying the daily poverty line for an adult as Rs 26 in rural, and Rs 32 in urban India. At today’s relentlessly increasing prices, Rs 26 will not get a manual worker even one nutritious meal a day — leave alone the 2,400 calories he is required to eat to enable him to work,...
More »Chhattisgarh coal blocks a test case for acquiring tribal lands by Aman Sethi
This wedding season, anxious grooms from Parsa and Ghatburra, two villages in Chhattisgarh's Surguja district, were offered financial assistance from an unlikely source. Adani Mining Pvt Ltd, a subsidiary of Adani Enterprises Ltd, was handing out loans to all those who could prove that the money would be spent on marriage arrangements. “A company official took us to the bank, opened accounts in our names, and gave us cheques for Rs....
More »Rs 65,000cr loan waiver fails to make farmers debt-free
-DNA The Centre's debt relief scheme for the farmers has given anything but relief to the poor farmers. Despite the Rs 65,318.33-crore Agricultural Debt Waiver and Debt Relief Scheme (ADWDRS) launched by the UPA with much fanfare in 2008, nearly 43.42 million (48.6 per cent) of the 89.35 million farmer households are still in debt. This is the finding of National Sample Survey Organisation (NSSO) report on 'Indebtedness of Farmers Household'. The scheme benefited...
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