How DBT prevented arhatiyas from economically exploiting farmers and streamlined procurement of produce
The intention behind direct payments to farmers is not to bypass Arhatiyas but to improve transparency in the process and provide best options to the farmers for their economic freedom.
SLBC fixes MSME disbursement target Rs 90,000 cr this fiscal; urges RBI to hike credit extension limit
In the last fiscal the MSME disbursement target was Rs 74,000 crore.
Kisan Credit Cards given to only 8,400 fishermen so far, efforts underway to reach out to more people: Govt
However, not many cards could be distributed to fishermen due to lack of awareness and delay in issuing RBI guidelines for implementation of this facility, sources said.
RBI announces modalities for 2% interest subvention for farmers engaged in fisheries and animal husbandry
The Reserve Bank of India (RBI) on Monday announced modalities for providing 2 percent interest subsidy on short-term loans of up to Rs 2 lakh for farmers engaged in fisheries and animal husbandry through Kisan Credit Card (KCC)
RBI warning on Mudra loans: NPAs aren’t at alarming levels yet, but banks shouldn’t miss the red flag
The NPA on Mudra loans by public sector banks, which also includes regional rural banks, jumped to Rs 17,250.73 crore as on March 2019, the government informed Parliament on Tuesday.
Why collateral-free loans up to Rs 50 lakh is a high-risk idea to implement in slowdown-hit Indian economy
If the government has made up it’s mind to give away large collateral-free loans o entrepreneurs, it should also work out a mechanism to make sure this money is spent well for the stated purpose
Firstpost Editor's Picks: AAP's incoherent strategy, CJI harassment allegations, Shah Rukh Khan's break; today's must-read stories
AAP's incoherent strategy may cost it dearly in the Lok Sabha polls, CJI sexual harassment allegations, Shah Rukh Khan's break before his next film; today's must-read stories
In 7 years, Kisan Credit Card loans more than doubled on the books of banks; next round of NPA shocker in the making?
The problem with Kisan Credit Card loans is that no collateral is stipulated on the large chunk of these loans. There is no real repayment happens because of the nature of the product.
Budget 2019: Piyush Goyal announces 12 crore bonanza for distressed farmers, govt to give Rs 6,000 per year to buy inputs
The Centre announced direct income support of Rs 6,000 per year to farmers holding cultivable land up to two hectare, a move that would benefit 12 crore farmers and cost the exchequer Rs 75,000 crore annually
Kisan Kranti Yatra: After raising minimum support prices, will the Centre blink and waive farmers’ loans?
There is yet another way of providing relief to farmers, easy and popular though not necessarily the best way to address the issue – waiving off their loans.
Rajan, who had as the chief economist at IMF warned of impending financial crisis of 2008, in a note to a parliamentary committee warned against ambitious credit targets and loan waivers, saying that they could be the sources of next banking crisis.
Banking scams: MUDRA, Kisan Credit Card loans next big worry for govt; PMO alerted about Bihar's Rs 500-cr fraud
At least five government-owned banks in Bihar are likely to take a fiscal hit worth Rs 500 crore in the disbursement of the MUDRA sceme and Kisan Credit Cards
Farmers' protest: Second suicide reported in Ranchi, authorities deny loan distress amid growing resentment
Jharkhand farmer commits suicide on the outskirts of Ranchi. Administration officials, however, deny that the farmer was under any loan pressure.
The Jharkhand Cabinet on Tuesday gave its approval to provide farmers of the state loans at the rate of 1 percent.
The service in Villupuram district would be available initially from Pallavan Grama Bank and would later be extended to other banks.