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.
From precision agriculture to real-time price updates, advanced data analytics can help farmers usher in a new era in farming
The agriculture sector is the base of the economy. Every effort should be made to strengthen this sector and enable it to emerge as the springboard for inclusive growth. The writer is the director general of CII (This article was published on January 13, 2017) Post Comment. Related. TOPICS. economy, business and finance | agriculture | Get more of your favourite news delivered to your inbox. SEND MY NEWS. Please enter your email.
While agriculture and its allied sectors had shown a decline of 1.1 per cent, the standalone agriculture sector declined by 13.3 per cent during the year. Farmers had to cut down on the paddy area due to non-availability of water. The paddy area fell by 3.69 lakh ha to 10.46 lakh ha. The area under maize too saw a decline to 5.73 lakh ha from the average 7 lakh ha.