KEY TRENDS • Oxfam India's 2023 India Supplement report on poverty and inequality in India reveals that the gap between the rich and the poor is widening. Following the pandemic in 2019, the bottom 50 per cent of the population have continued to see their wealth chipped away. By 2020, their income share was estimated to have fallen to only 13 per cent of the national income and have less than 3...
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Indian banks gave more home loans than agricultural credit
In each of the last three years – from 2020 through 2022 – Indian banks lent more money to retail customers purchasing homes than they did to farmers. In fiscal year (FY)2021-22 commercial banks gaveRs. 17.54 lakh crore worth of housing loans, while agriculture and allied activities got Rs. 15.16 lakh crore. That is nearly 14 percent less. In FY 2021 and FY 2020 – one of which saw a...
More »Jharkhand focus on farm credit scheme -Animesh Bisoee
-The Telegraph Drought-like situation prompts the state to widen reach Jamshedpur: Jharkhand, staring at a drought-like situation, has set an ambitious target of linking 25 lakh farmers with the Kisan Credit Card (KCC) scheme by March 2023. The Kisan Credit Card (KCC) loan is available to farmers at a seven per cent interest rate, with a waiver of three per cent of the interest by the Centre, when the loan is repaid within...
More »Sand Pit Warriors -Moumita Chaudhuri
-The Telegraph The Telegraph reports on a riverine community’s determination to save its environs Once upon a time, when my forefathers were looking for land to settle down, they found this barren sandbar and decided to make it a habitable place,” says Nani Roy, 42, a resident of Manachar. Char is the Bengali word for sandbar. Manachar is the sandbar that extends from Durgapur Barrage to Panagarh in Burdwan district. About three...
More »Jalpaiguri : Farmers on the boil over cold storage
-The Telegraph They also torched the office of a weigh bridge and damaged it, pelted stones and blocked roads, demanding that all should get adequate bonds to store their produce Jalpaiguri: Violence sparked in three locations on the outskirts of Jalpaiguri town, on Thursday as hundreds of potato farmers, who crowded in front of cold storages to collect bonds to store their produce, resorted to protests after alleging anomalies in the distribution...
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