The World Meteorological Organization’s State of the Climate in Asia 2024 report warns that the region is warming nearly twice as fast as the global average, driving more extreme weather and posing serious threats to lives, ecosystems, and economies. In 2024, Asia experienced its warmest or second warmest year on …
Three industry experts respond on why Indian microfinance has a long way to go The Harbinger:'Microfinance can play a crucial role' Aloysius Fernandez a Padmashree awardee (2000), is the founder of Myrada, a Bangalorebased NGO that pioneered the Indian SHG movement. IN THE MID 1980s NABARD and Myrada promoted self …
Shriya Mohan traces the Indian microfinance story and what stops it from making a dent in poverty When Muhammad Yunus, winner of the Nobel Peace Prize in 2006, showed the world what a small loan could do to a group of poor villagers in Bangladesh, people wondered why such a …
The amalgamation of regional rural banks has been completed. This paper builds up a case against it. Amalgamation would be a death blow to the credit starved rural poor, most of whom are small and marginal farmers, agricultural and landless labourers, and artisans. The paper calls for an immediate de-amalgamation …
Rs 1,800 crore groundwater programme a non-starter A Rs 1,800 crore national programme for artificial recharge of groundwater through dug-wells was announced by finance minister P Chidambaram, in February 2007. It was to provide proper irrigation facilities to millions of farmers. But thanks to the delays on part of the …
The success of micro-finance institutions in different parts of India and other developing countries is a testimony to the fact that the farmer needs genuine access to credit and not just cheap credit, say Saji Gopinath and Abhilash Nair FINANCIAL inclusion forms the corner stone of inclusive growth in any …
Prashant K Sahu / New Delhi August 22, 2008, 4:36 IST Decision on additional Rs 2 lakh debt at 7% rate shortly. After the Rs 66,600-crore farm debt waiver and relief scheme, more relief is on the way to farmers hit by rising prices of fertilisers and other inputs. The …
Ranchi, Aug. 13: The National Bank for Rural and Agriculture Development (Nabard) has decided to introduce and promote cultivation of noni (morinda citrifolia)
BARAMULLA, July 27: To review the implementation of Rural Health Mission in Baramulla district, a meeting of concerned officers was held here yesterday with Secretary Health and Medical Education Department Atal Dullu in chair. It was given out that out of Rs. 6.22 crore received under the programme during last …
The Centre would give first preference to state cooperative banks while reimbursing the debt waiver amount, according to P Mohanaiah, chief general manager, National Bank for Agriculture and Rural Development (Nabard). The cooperative banks across the country are facing an acute fund shortage due to the surge in kharif loan …
The State Government has taken loan worth Rs 20,145.39 crore as on March 31, 2008. The break-up of the loan amount is Rs 8,259.95 crore (market loan), Rs 2,685.94 crore (Central Government), Rs 489.86 crore (Others), Rs 4,710.53 crore (National Small Saving Fund) and Rs 3,999.19 (State Provident Fund). The …
Deputy Speaker of the Assam Assembly, Pranati Phukan yesterday took stock of the erosion by Dehing river at Jagun village near Naharkatia and announced commencement of anti-erosion works in the affected area. To initiate the anti-erosion project work, Phukan released Rs five lakhs. She also announced that NABARD would step …
Fresh vegetables grown in Poanta will now find their way to Gulf countries and metropolitan cities of India through Wal-Mart and Reliance chain of vegetable outlets. Himalaya Fresh, the brand that earlier signified frozen vegetables marketed by a Poanta-based entrepreneur, has now entered into a contract farming agreement with Poanta …
Reiterating government's commitment to ensure equitable development of all the regions of the state, Minister for Rural Development and Panchyat Raj Mula Ram inaugurated Gurah Pattan lift irrigation scheme worth Rs. 110.46 lakh from Ranbir Canal here today. This project had been started in 2004-05 under NABARD in the left …
The loan waiver will lighten the debt burden of the farmers. But in the long term this will adversely affect the rural credit institutions that extend loans to farmers. A discussion of the likely fallout.
A memorandum of understanding between the Assam Government and the NABARD on revival of short-term cooperative credit was signed today in presence of Chief Minister Tarun Gogoi. An official release said that the NABARD chairman UC Sarangi, Principal Secretary to the Government of Assam VK Pipersenia and Director, Ministry of …
About 1,500 Karbi and Khasi residents of the Umsarang area of Chinthong Development Block in Karbi Anglong took part in the Thesere Apaibiri (orchard) Project launched by the voluntary organisation
It was interesting to read the article 'Rural Short-term Cooperative Credit Structure' by Mandira Sharma and Rajiv Kumar (March 1, 2008) but unfortunately for all the wrong reasons. The authors would have done well to fist understand some basic concepts like capital, non-performing assets, majority shareholding, etc, before commenting at …
