Since the launch of the farm loan waiver scheme, banks in the taluk face high NPAs as prompt payers fail to repay. These farmers face warnings and legal notices from banks. In early July 2018, Sharanappa Mukkapa Puja, a farmer who grew guava and sunflower on his six-acre land in Rajur, Gajendragad, came home relieved […]
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Liquidity crunch and lack of access to formal credit hamper the growth of MSMEs in Karnataka The smell of the fumes and whirring sound of machines can be constantly felt as one walks on the streets of Bengaluru’s industrial areas. Lines of buildings across the streets stand tall, housing, big machines, multiple metal bars, aluminium […]
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Several banks in Indore are not following the circular guidelines issued by the city administration, which mandate more than 50 percent of the employees to work from home. April 17, 2020 Anil Kumar Tiwari On April 3, Manish Singh, Collector Indore met with representatives of Central bank of India (CBI), State Bank of India (SBI), […]
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Several banks in Indore are not following are not following the circular guidelines issued by the city administration , which mandates more than 50 percent of the employees to work from home. Anil Kumar Tiwari April 17,2020 On April 3, Manish Singh, Collector Indore met with representatives of Central bank of India (CBI), State Bank […]
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Digital newbies are emerging due to severe cash-crunches amid the nationwide lockdown. The last three weeks have seen a 42 percent spike in the digital transactions through apps, reports say. By Neetu Saini The nation-wide lockdown has facilitated a deep penetration of UPI (Unified Payments Interface) apps for monetary transactions in the past few […]
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Lack of awareness about the banking facilities in rural areas makes cashless economy an unarchived dream. The rural population covers about 66% of India’s total population, according to the World Bank. Karnataka covers around 4.5% of the rural population in India, according to the 2011 data provided by Reserve Bank of India (RBI). The people […]
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More than one-third of farmers in India take loans from local money lenders and end up bearing the burden of paying interest rate three to four times more than what banks and co-operative societies charge. These farmers do not get the benefits of loan waivers as well. Vivek Kumar MApril 05, 2020 Ningappa, a farmer […]
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More than 50 percent of rural credit comes from the informal sector which is a major concern for the rural economy. Bhaskar Mudegowdu, 54, lives in a remote village called Holalu which is 29 kilometres away from the taluk Hoovina Hadagali in Bellary district, north Karnataka. He is a farmer by profession and lives in […]
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