The average value of assets (AVA) of the top ten percent of urban households in India is more than seven thousand five hundred times greater than what the bottom ten percent owns. The AVA of the top decile was Rs. 1.5 crores, while the lowest decile owned an average of Rs. 2,000 of assets. The data is part of the All India Debt and Investment Survey - 2019, the survey for...
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Need to make agri credit system equitable -Bishwa Bhaskar Choudhary
-The Tribune The agency-wise share indicates that agricultural credit dispensation in the country is heavily dependent on commercial banks and points towards the poor credit delivery capability of cooperative banks and regional rural banks. THE availability of finance is a key driver of progress in any sector. In the case of agriculture, access to adequate credit assumes vital significance since most of the agriculturists are small or marginal farmers. It has been...
More »A leg-up for cooperatives -Anshu Singh, Pallavi Ingale and Hema Yadav
-The Hindu Business Line A host of initiatives in the Budget should make the sector vibrant Budget 2022 seeks to double farmers’ income by building a robust system that enables easier access to finance, the marketplace and new-age technology. The government has allocated a sizeable amount for rural infrastructure development. This will help farmers get better access to the marketplace National Federation of State Co-operative Banks (NAFSCOB) data of 2019-20 shows that around...
More »Politics Behind The Creation Of Ministry Of Cooperation With Amit Shah In Driver’s Seat -Syed Khalique Ahmed
-IndiaTomorrow.net NEW DELHI: Many people were surprised when Union Home Minister Amit Shah was given the additional charge of the newly created Ministry of Cooperation. The Cooperation Ministry was earlier a part of the Ministry of Agriculture. But it was no amazement for those acquainted with how the cooperative movement plays a role in politics – state as well as national politics – and how BJP used the cooperatives from the state...
More »Why Exactly Did India Need a Brand New Ministry for Cooperatives, With Amit Shah As Head? -M Rajshekhar
-TheWire.in Cooperatives are useful for political parties in two ways – they are a font of funds as well as handy for dispensing patronage. A day before the reshuffle, Narendra Modi’s National Democratic Alliance government created a new Ministry of Cooperation. It would provide, said its statement, a separate administrative, legal and policy framework for strengthening the cooperative movement in India. A day later, it announced Union home minister Amit Shah would also head...
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