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: Finance minister
Pre-Budget meet: Farmers’ bodies ask government to lift export ban on wheat, other agricultural items
Synopsis Imposition of higher taxes on processed foods was another suggestion made by farmers’ bodies during the virtual meeting with finance minister Nirmala Sitharaman. In a pre-budget consultation with the finance ministry, farmers’ organisations on Tuesday asked the government to lift ban on exports of agri items like wheat and restrict import of products that […]