Synopsis The increase in agri credit by 11.11% to Rs 20 lakh crore for the next fiscal year will help reduce dependence of farmers on local moneylenders who often charge usurious interest rates, as they could take credit from the formal banking channels. Experts also see the proposal on the Agriculture Accelerator Fund for supporting […]
Tag Archives: Agriculture industry
Need farm sector income at more than 24% of GDP to realise ‘AtmaNirbhar Bharat’ dream: Gadkari
Synopsis “Our agriculture and allied sector income is 12 per cent of the GDP, manufacturing sector income is 22 to 24 per cent, and service sector is 52 to 54 per cent. I have come here to say that till the time this 12 per cent (of agriculture and allied sectors) does not go beyond […]
Agriculture Infrastructure Fund mobilises over Rs 30,000 crore for creation of post-harvest management infrastructure
Synopsis “Within two-and-a-half years of the implementation of the AIF, the scheme has mobilised more than Rs 30,000 crore for projects in the agriculture infrastructure sector with a sanctioned amount of Rs 15,000 crore under AIF,” it added.’ Agriculture Infrastructure Fund (AIF), which was launched in July 2020, has mobilised over Rs 30,000 crore for […]
India among countries evolving food systems for bigger gains for farmer-allied SMEs, says WEF study
Synopsis The WEF listed India, Ghana and Vietnam as among the countries that have been able to evolve their food systems by unlocking the potential of SMEs, particularly those that are farmer-allied and operating in local food chains. India figures among the few countries that have been able to evolve their food systems for a […]
India’s agricultural products exports up 16% in 2022-23
For the year 2022-23, an export target of $23.56 billion has been fixed for the agricultural and processed food products basket. India’s agricultural and processed food products exports rose by 16 per cent in the first eight months (April-November) of the current financial year 2022-23 on a yearly basis. The agricultural exports has managed to attain 74 […]
Farmers paid Rs 1.25 lakh crore as claims till Oct 31: Government
Synopsis “In the last 6 years, Rs 25,186 crore have been paid by farmers as the premium, wherein Rs 1,25,662 crore have been paid to the farmers against their claims as on October 31, 2022 with Central and state governments bearing most of the premium under the scheme,” an official statement said, while clarifying on […]
Agriculture ministry funded 66 startups to promote millet consumption: Tomar
NEW DELHI : In order to provide support to startup entrepreneurs for recipes and value-added products to promote millet consumption under the International Year of Millet (IYOM) 2023, the Ministry of Agriculture funded 66 startups with more than Rs. 6.25 crores, said Union Minister for Agriculture and Farmers Welfare, Narendra Singh Tomar on Thursday. Addressing the […]