-The Indian Express Substantial number of interest subvention scheme loans are diverted to non-agricultural uses. Government must switch to an income-support subsidy regime The Union budget for 2016-17 has provisioned Rs 15,000 crore on account of interest subvention for short-term agricultural credit, up by Rs 2,000 crore over the revised estimate for FY16. The mere shifting of this line item from the department of financial services to the department of agriculture...
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Bundelkhand farmers to get drought aid directly into accounts
-The Times of India NEW DELHI: Farmers in UP's Bundelkhand region will get drought assistance directly into their Bank Accounts within a week, with the Samajwadi party government set to disburse Rs 1,304 crore out of its drought-assistance kitty given to it by the Centre. The decision was taken during a review meeting on the drought-affected Bundelkhand region by the Prime Minister's Office on Saturday. A provision to extend man-days from 100...
More »Cash transfers: Lost in transactions -Aarushi Kalra
-The Tribune The Centre for Equity Studies, Delhi, conducted a survey to gauge the impact of the switch to cash transfers on the consumption patterns of the poor in Chandigarh. The preference for kind vis-a-vis cash transfers was recorded. Importantly, public opinion found no place in the decision- making process. Feroza Begum had to make a choice between food security and her children's education. Allow me to rephrase it: Feroza Begum had...
More »Indian agriculture yet to catch up with neighbours on public spending, indicates IFPRI report
Amidst the prevailing gloominess over agrarian crisis, a recently released report says that the growth rate of agricultural output in both India and China were the same during 2008-2013. The agricultural gross domestic product (GDP) of both these countries on an average grew at 3.3 percent per annum during that period. The latest available data from the 2016 Global Food Policy Report, however, indicates that the neighbouring countries of Sri Lanka...
More »Modi unveils scheme to make Dalits entrepreneurs -Yuthika Bhargava
-The Hindu Stand-up India will help create 2.5 lakh entrepreneurs. Prime Minister Narendra Modi on Tuesday unveiled the ‘Stand-up India’ scheme to promote entrepreneurship among women, scheduled castes and tribes by enabling them secure easier loans and said this could be an engine of job creation for the youth. “Dalits and poor people, if given an opportunity, can bring in various reforms in the country. That’s my vision for Stand-up India…This scheme is...
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