Micro-narratives on Micro-finance : Parishad, LSG and USAID

Fantastic! Parishad musings on Kerala political economy again ! Parishad #KSSP demands termination of MP - MLA funds. Now why don't they object to the fund utilized by local self government (LSG) department and demand dissolution of LSG department? LSG works are supposed to be done by people's beneficiary committees but the beneficiary committees working in the name of the people are run by contractors or their hidden agents. Then why should this system of corruption be maintained ?

Micro financing is bad, now admits the admirers of Muhammad Yunus. Muhammad Yunus was made Nobel laureate as the genial pathfinder of micro-finance since the fact that Issac invented the same thing some decades back went unnoticed by the Swedish academics and overjoyed with all such subscription to their thesis the USAID arranged a Right Livelihood award to their darling Parishad.

At least Parishad would have demanded the termination of private micro-finance industry that loots the de-powered women as well as the public sector money. Since it is not at all the right livelihood, why can't Parishad conduct an auditing of their decentralization project? And report the matter to their paymaster that they have successfully ruined the economy of the state as they did it once at the end of the first phase of PLDP. 

A Brief History of Public Debt in Kerala Economy from 1995

THE State had the public debt of 20,000 crores in 1995—at the beginning of decentralized development planning . In 2007-08 there started a steep increase in the borrowings from open market, reports CAG. Who did it? Issac did it. in 2011 the public debt was nearly 79,000 crores. 

Now you have the debt of 1,50,000 crores and the CAG report states that the crisis in economy at present is the essential outcome of the steep increase in borrowing during Issac's time. Then what is the point in stating that in the treasury you kept some currency unspent. The debt soaring high from 20,000 crores to 1,50,00 crores - Do you call this planning!!!!! You may call it development!!!! 

Panchayat Level sustainable Development Planning (PLDP) scripted by USAID and funded by Netherlands is the original name of people's planning, thus states MP Parameswaran. Would Issac speak a single word about PLDP for which Rs: 16 crors were smuggled violating FCRA?  Issac was the hon.joint director of PLDP and Parameswaran was the director during this tenure.This is the way they sold out the people of Kerala for the cause of expansion of finance capital.