-The Hindu Banks continue denying loans to low-income groups, insisting on sticking to a standard EMI route even though they are dealing with a complex social issue. In July 2012, Pradeep Kumar, a 36-year-old resident of Ladpur, a shanty town that sits on the north-western periphery of Delhi, applied for an employment loan at the magistrate’s office in Kanjawala district. Under the Pradhan Mantri Rozgar Yojana or PMRY — a funding policy...
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Insurance scheme for farming sector on the anvil: Jaitley
-PTI Amritsar: "In the coming time, we have plans to spend Rs 50,000 crore on farming and irrigation sectors in the country." Union Finance Minister Arun Jaitley on Tuesday said the Centre was planning to spend Rs 50,000 crore on the farming and irrigation sector and plans were also afoot to roll out an insurance scheme exclusively for the farming sector to compensate for crop loss. Admitting that the condition of farmers is...
More »Govt sets rooftop solar targets for States -G Balachandar
-The Hindu Chennai: The Central government has recently set State-wise tentative targets for installation of grid-connected solar rooftop systems as part of its plan to achieve 40,000 MW of rooftop solar power by 2022. Under the plan, Maharashtra and Uttar Pradesh are expected to add higher capacities at 4,700 MW and 4,300 MW, respectively. Tamil Nadu and Gujarat have been given a target of 3,500 MW and 3,200 MW, respectively. Karnataka, Andhra Pradesh,...
More »3.6 L Benefit from Rural Poverty Elimination Plan
-The New Indian Express BHUBANESWAR: Around 3.6 lakh people from scheduled categories and economically weaker sections of the society of 10 districts have been benefited under World Bank-assisted Targeted Rural Initiative for Poverty Termination and Infrastructure (TRIPTI) programme. The project, a poverty reduction programme, aims at enhancing the socio-economic status of the poor, especially women and disadvantaged groups, in 38 blocks of 10 districts. The project launched in November 2009 has mobilised 79,000...
More »Think tank report hints at diversion of cheap farm loans -Puja Mehra
-The Hindu Huge subsidy of 5 percentage points being leveraged. Pointing to a possible diversion of subsidised funds meant for farmers to non-agricultural uses, a research paper by the Indian Council for Research on International Economic Relations (ICRIER) has found that the crop loans extended in India are in fact close to exceeding the total expenditure on farm sector inputs. In 2012-13, the aggregate short-term credit — provided primarily to finance the purchase...
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