As dusk falls, the sound of children singing fills the air at the SOS Tibetan Children’s Village in Bylakuppe, five hours’ drive from Bangalore in southern India. Night descends on the tidy, stone-paved school campus carved out of the lush jungle. But darkness is dispelled when 20 solar-powered street lights on the campus begin to glow with a steady white light. Thirty dormitories set among groves of coconut palm trees are...
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Didi of Rural Bihar: Real Agent of Change? by Meera Tiwari
The Bihar Rural Livelihoods Promotion Society, JeeVika, a state-led women’s self-help group, is active since 2007. Based on primary research, this article highlights the potential role of the individual rural woman – the didi – in driving the social and economic shifts necessary for sustainable poverty reduction in rural Bihar. The term didi is used to address an elder sister. It embodies the notion of respect. Traditionally, the term has remained...
More »IRDA fines LIC, HDFC Standard for missing rural obligation
Insurance regulator IRDA has imposed a penalty of Rs 5 lakh each on two life insurers, state-run Life Insurance Corporation (LIC) and HDFC Life Insurance, for failing to meet rural and social sector obligation in 2008-09, Parliament was informed. The Insurance Regulatory and Development Authority (IRDA) has imposed a fine on LIC and HDFC Standard Life Insurance for non-compliance under the rural sector target during 2008-09, Finance Minister Pranab Mukherjee...
More »Cabinet approves short-term crop loan for farmers at 7%
In an attempt to further subsidise short-term crop loan to farmers, the Union Cabinet on Friday approved release of Rs 4,868 crore to Public Sector Banks. The decision will ensure that farmers, in general, receive short-term crop loan at 7% per annum (5% for prompt payers) with an upper limit of Rs 3 lakh on the principal amount during 2010-11. "The Union Cabinet today gave its approval for the release...
More »After waiver, loans at 5% for farmers next on agenda by Mahendra Kumar Singh
At a time when agriculture production has become key to economic expansion, the Union Cabinet on Friday will consider a proposal to fulfill its promise of crop loans at a cheaper rate of 5% to farmers who make timely repayment. In the current year's budget, finance minister Pranab Mukherjee had proposed to give up to 2% interest rate subvention to farmers who do not default on their repayments, making the...
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