Govt sanctions INR 17,800 Cr loans, clears INR 2424 Cr under PMFBY insurance claim

Under the Kisan Credit Card (KCC) saturation drive has been initiated by DAC&FW in collaboration with the Department of Financial Services to cover all PM- KISAN beneficiaries. So far  83 lakh applications received out of which 18.26 lakh applications have been sanctioned for loans worth INR 17,800 cr. Under the Pradhan Mantri Fasal Bima Yojana […]

FICCI Recommendations for Agriculture Related Issues that Needs Attention during COVID-19 Lockdown

Amid the ongoing crisis due to countrywide lockdown, FICCI (Federation of Indian Chambers of Commerce & Industry) has recently released recommendations and sent it to the government concerning over the ongoing issues related to agriculture, poultry and harvesting of Rabi crops that need attention during COVID-19 lockdown. Moreover, FCCI has issued recommendation over effective procurement and storage of Rabi harvest, Agri-inputs in view of […]

COVID 19: FICCI makes 14 recommendations for agriculture and allied sectors

In the wake of COVID 19 pandemic lockdown, leading industry body, Federation of Indian Chambers of Commerce and Industry (FICCI) has recommend for effective procurement and storage of Rabi harvest and approaching Kharif sowing. The nation-wide lockdown has disrupted the Rabi crops’ harvesting across the country. To make smooth agricultural operations, FICCI has activity-wise recommendations. […]

Govt disburses ₹15,841 cr to 7.92 cr farmers under PM-KISAN during lockdown

NEW DELHI : The government has disbursed the first instalment of ₹15,841 crore to 7.92 crore farmers under the PM-KISAN scheme, since March 24, the day lockdown was announced to curb COVID-19. Under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme, the Centre transfers an amount of ₹6,000 per year, in three equal instalments, directly into the bank […]

Covid-19: Bank of Maharashtra launches financial support schemes

The bank is providing ‘Emergency Credit Line- Personal Loan Scheme- Covid 19’ in the form of term loan for all standard housing loan accounts Bank of Maharashtra (BoM) has announced various schemes for the corporate, retail, and agriculture sector to ensure immediate financial assistance against the backdrop of Covid-19 crisis. “For corporates, BoM is providing […]

Coronavirus Lockdown V: Three ways govt can help farmers, migrant workers overcome the current crisis

Three quick policy measures can be taken to ensure income and credit flows: direct procurement, direct cash transfers to farmers as well as landless labourers and interest subvention through cash transfers and in KCC mode The COVID-19 infection may have travelled deep into India’s interiors with the exodus of migrant workers. About 5,00,000-6,00,000 people walked ‘barefoot’, out of […]

BoB launches four schemes for Agri sector

To help borrowers in the agriculture sector tide over the distress created by the Covid-19 pandemic, Bank of Baroda (BoB) has announced schemes where it will offer additional loans of up to ₹1 lakh to existing self-help group (SHG) borrowers and up to ₹50,000 to existing crop loan borrowers, among others. India’s third-largest public sector bank, in […]

Centre releases Rs 1250 crore for procurement of pulses

The centre has decided to allow procurement of gram (chana) and lentils (masur) in 13 states at minimum support price (MSP) during lockdown without waiting for any formal proposal from states regarding the purchase. Agriculture minister Narendra Singh Tomar tweeted- “States can purchase 25% of the total production of these commodities at MSP. Rs 1250 […]

Farmers allowed to sell their produce directly to retailers: Consumer Affairs Secretary

Farmers can now directly sell their produce to organized retailers such as wallmart instead of going through the yards of agricultural produce market committees during the Covid-19 lockdown. Consumer affairs secretary released the statement according to which the farmers will be able to sell their produce directly to the retailers as several mandis will remain […]

FCI transports 6.71 lakh tonnes of food grains during lockdown

The Food Corporation of India has transported 6.71 lakh tonne food grains to different parts of the country for feeding poor people amid lockdown. “In a fight against COVID19, FCI is working 24X7 to help 81 crore poor people get food. After the lockdown over 6.71 lakh tonnes of foodgrains have been transported through 239 […]