The government subsidies must be directed at providing "permanent solution" to the country's most pressing problem of poverty by creating productive assets, Union Minister of Minority Affairs Najma Heptulla said at the Skoch Summit here.
New Delhi, Mar 20: When it comes to women empowerment, giving proper training is the key problem area, said Maneka Sanjay Gandhi, Minister for Women and Child Development at the 39th Skoch Summit here on Friday.
Thirty-five year old Gomati from Mangatpur in Pilibhit has opened a bank account under Jan Dhan, but she is skeptical about its use. "There is no money in it. I am confused. What will I do with it?" she said tersely when asked about her bank account. Gomati is not alone. Hundreds of women spoke in unison at the five-day financial literacy programme conducted by Skoch Group at Pilibhit, a picturesque Himalayan plateau rich with flora and fauna, but one of the economically backward regions in Uttar Pradesh
When 54-year old Ranjana Devi (not the original name) from Himmatnagar village went to a bank to open an account under Jan Dhan, she was asked to show an identity and residence proof or pay Rs.500. Neither she had any identity and residence proof, nor was she is in a position to pay the money demanded.
While inheriting a history that can be traced back to the Hindu epic of Mahabharata when it was ruled by Mayurdhwaj or King Venu, a great devotee of lord Krishna and a loyal friend of Arjun, Pilibhit derives its name from a local village where people build yellow-coloured mud walls around their dwelling units to protect themselves from wild animals.
According to the latest survey report of the National Sample Survey Organisation (NSSO), around a third of rural households and one-fourth of urban ones in India are indebted. Strikingly, the indebtedness spiked between 2002 and 2012 - where the average amount as loan for each family jumped seven times in cities and over four times in rural areas.
It has been 10 years after P V Narasimha Rao, the country's Prime Minister from 1991 to 1996, died. India's history would have been different had Rao led the Congress to re-election in the 1996 general elections. Had it won, the Congress might have had the real chance to break loose of the Nehru-Gandhi family's vice-like grip. However, what followed a few years after the 1996 elections was political theatre. Within months, Rao had to quit as president of party, but his downfall was not complete until the representative of the first family, Sonia Gandhi, was anointed party chief in 1998.
The new government has started an ambitious financial inclusion plan that aims to bring every household under the banking net by 26th January 2015. Financial inclusion has been a buzzword for quite some time.