ISSN (Online) - 2349-8846

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Are Our Contributory Pension Schemes Failing the Poor?

The issue of old age income security in India assumes significance in view of the expected rise in the incidence of elderly population in the years to come, problems of poverty and vulnerability among them and their limited coverage by the existing old-age pension schemes. Schemes aiming to promote contributions from the poor unorganised workers for their old age security have been promoted by the government since 2010. By comparing and contrasting the design features of India’s two contributory pension schemes, National Pension System Lite and Atal Pension Yojana, and discussing the strengths and limitations of each of these schemes in addressing the needs of low-income workers with the help of available data and studies, we argue that the design features of these schemes are such that they fail to take the specific characteristics of unorganised worker households into account. We also discuss how the current design of contributory social security schemes can be improved to meet the pension requirements of unorganised workers.

Implementing Health Insurance: The Rollout of Rashtriya Swasthya Bima Yojana in Karnataka

The National Health Insurance Scheme - Rashtriya Swasthya Bima Yojana - aims to improve poor people's access to quality healthcare. This paper looks at the implementation of the scheme in Karnataka, drawing on a large survey of eligible households and interviews with empanelled hospitals in the state. Six months after initiation in early 2010, an impressive 85% of eligible households in the sample were aware of the scheme, and 68% had been enrolled. However, the scheme was hardly operational and utilisation was virtually zero. A large proportion of beneficiaries were yet to receive their cards, and many did not know how and where to obtain treatment under the scheme. Moreover, hospitals were not ready to treat RSBY patients. Surveyed hospitals complained of a lack of training and delays in the reimbursement of their expenses. Many were refusing to treat patients until the issues were resolved, and others were asking cardholders to pay cash. As is typical for the implementation of a government scheme, many of the problems can be related to a misalignment of incentives.

Putting the Cart before a Non-Existent Horse

The NCEUS report is an important step towards bringing unorganised sector workers under some form of social protection. However, the cart of a social security system needs three galloping horses to take it to the destination of a deprivation-free unorganised worker: viable enterprises, successful poverty alleviation programmes and congenial macro policies, none of which is in sight.

Unorganised Workers

Provision of social security to the unorganised workers is currently receiving the urgent attention of the central government and some of the state governments. This paper, based on a large sample of unorganised workers - construction workers, domestic workers and agricultural labourers - from Karnataka, presents indices of their economic conditions and deprivation to show how inadequate it is to use the below poverty line criterion for providing benefits to unorganised sector workers. The priority social security needs are analysed to show the diversity within and across sectors, and to review the policy measures - existing and those on the anvil.

Banking Sector Reform and Credit Flow to Indian Agriculture

Have banking sector reforms improved the share of net bank credit to the agricultural sector? Have profit-oriented norms persuaded commercial banks to neglect the agricultural sector? Does the provision of a credit subsidy reduce the supply of agricultural credit? Can an increase in the lending rate be a suitable measure to reduce the rate of credit subsidy? What is the interest rate elasticity of supply of agricultural credit? What has been the impact of the closure of rural bank branches on the provision of credit to agriculture? This paper addresses these questions by analysing the data on the total outstanding credit provided by the scheduled commercial banks to the agricultural sector during the period 1981 to 2000.

Land Use Pattern and Agrarian Expansion in a Semi-Arid Region-Case of Rayalaseema in Andhra, 1886-1939

This article attempts to trace the land use pattern and agrarian expansion in Rayalaseema during the late 19th and early 20th centuries, and argues that demographic, market-related and infrastructural factors were equally responsible for the outcome.

Half-Life of Credit-Simulating Fund Flows in Priority Sector

Simulating Fund Flows in Priority Sector D Rajasekhar Vinod Vyasulu Based on secondary sources and primary data this paper seeks to elaborate the concept of half-life of credit analytically and establishes by simulating flow of loanable funds under different assumptions the time needed for these funds to reach their half-life and examines the factors contributing to the lengthening or shortening of the half-life of credit in Indian banking.

Towards a Political Economy of the Economic Policy Changes

Towards a Political Economy of the Economic Policy Changes Vinod Vyasulu Sukhpal Singh D Rajasekhar Pooja Kaushik A Indira This paper, by analysing the performance of the commodity producing sectors of the Indian economy and the nature of the crisis facing it, argues that there is only a fiscal crisis of the government of India, and not a crisis of the nation. The authors then situate the recent economic policy changes in a broader context. They argue that the policies are contradictory in nature and are unlikely to result in the desired and anticipated changes in the economy. While the impact of these policies in the long run is not very clear, they are certain to adversely affect the poorer classes, both in rural and urban areas, in the short run. In an unequal society the question of who tightens the belt is crucial.

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