To give the rural economy a leg-up, the Union Budget has set 11 per cent higher agricultural credit target at ₹10 lakh crore for banks in FY2018 as against ₹9 lakh crore in the previous year and also announced two new funds – one for micro-irrigation and another for dairy development – under the aegis of the National Bank for Agriculture and Rural Development (Nabard).
To give the rural economy a leg-up, the Union Budget has set a 11 per cent higher agricultural credit target at Rs 10 lakh crore for banks in FY2018 as against Rs 9 lakh crore in the previous year and also announced two new funds – one for micro-irrigation and another for dairy development – under the aegis of the National Bank for Agriculture and Rural Development (NABARD).
Hoping to lay the foundation of a digital revolution in agriculture, the Centre allocated ₹10,000 crore to the BharatNet Project and the target of reaching nearly 1.5 lakh gram panchayats with high-speed internet. Digital Bharat “Access to internet will allow the farmers learn about the latest technologies available in the field of agriculture, which will improve farm productivity and income.
Reiterating its commitment to double farmers’ income by 2022, the Narendra Modi government continued to maintain its emphasis on the agriculture sector and announced a major hike in the Budget outlay.
In a major push to the rural, agriculture and allied sectors, Finance Minister Arun Jaitley hiked the allocation by 24 per cent to a record Rs 1,87,223 crore for 2017-18.
The Survey has pegged the growth in agriculture and allied sector for the current year at 4.1 per cent, up from 1.2 per cent in the previous year.
The release of the celebrated report ‘Poverty, Unemployment and Development Policy: A Case Study of Selected Issues with Special Reference to Kerala’ by the Centre for Development Studies in 1975 heralded a wider debate on the multifaceted dimensions of the “Kerala Model” of development.
After two consecutive years of weak monsoons, the near-normal monsoons in 2016 came as a big relief to agri businesses in India. Companies producing agri inputs — seeds, fertilisers and pesticides — did struggle to grow their revenues. However, low raw material and other costs helped them rake
Inaugurating the facility, the Minister of State for Agriculture and Farmers’ Welfare Sudarshan Bhagat said farmer-friendly technologies should be developed to attract people into fish farming. To solve the issues in the fisheries sector following the decline in the availability of fish from the sea, ...
Sowing of rabi crops so far has almost touched the normal sowing level for the entire season, which is calculated on the basis of the average of the previous five seasons, according to the latest data compiled by the Agriculture Ministry.
Fisheries and aquaculture should get the same benefits as that of agriculture. However, this is not happening despite the fact that the sector comes under the purview of the Ministry of Agriculture. Ideally, there has to be a separate Ministry of Fisheries, he said. (This article was published on January 27, 2017) Post Comment. Related. TOPICS. agriculture | fishing industry | Get more of your favourite news delivered to your inbox.
Agriculture tech solutions provider RML AgTech has raised about $4 million (₹26 crore) in multiple tranches from venture capital firm IvyCap Ventures.
Agriculture tech solutions provider RML AgTech has raised about $4 million (Rs 26 crore) in multiple tranches from venture capital firm IvyCap Ventures.
Hoping to give a boost to the agriculture sector after its decision to demonetise high-value currency, the government on Tuesday allowed the National Bank for Agriculture and Rural Development to raise ₹20,000 crore for short-term crop loans to farmers at lower rates.
Nabard has pegged the Credit Plan for Telangana for the financial year 2017-18 at Rs 65,591 crore. This is 17 per cent more than the Credit Plan for the current financial year. The guidance by the National Bank for Agriculture and Rural Development acts as a basis for the SLBC (state level bankers
The project, a part of the larger umbrella project called Climate Resistant Agriculture, will receive ₹4,000 crore joint funding from the World Bank and Maharashtra government
Water usage Agriculture accounts for 80-90 per cent of India’s water consumption, followed by industry and domestic usage
Doubtful claim However the Agriculture Ministry, in a press release on December 7, claimed that the Pradhan Mantri Fasal Bima Yojana had made impressive progress and there was a six-fold increase in coverage of non-loanee farmers (from 14.88 lakh in 2015 to over 100 lakh in 2016). Why this anomaly?
The old schemes of the government — the National Agriculture Insurance scheme (NAIS) introduced in 1999, the Modified NAIS (mNAIS) introduced in Rabi 2010-11 — have not succeeded. As per official data, in 2015, only a fifth of the country’s farm land was under crop insurance. The limited risk coverage under these policies was a dampener, say experts.
As per the latest data released by the Agriculture Ministry, wheat acreage stands at 309.60 lakh hectares, a 7.1 per cent increase over the corresponding year-ago period. “We have exceeded last year’s acreage by over one million hectares and are progressing towards an all-time high. The prevailing low temperatures are favourable for the crop’s growth.