March 31, 2017

Agriculture Industry

Cultivation of traditional paddy yields resultsedit

The Hindu

An endeavour to promote cultivation of traditional paddy varieties which can withstand drought condition has yielded results in Pudukottai district. A couple of farmers of Maangankollaipatti village near Mazhaiyur have not only registered a harvest of 1.2 tonnes an acre of paddy raised in their fields but also could market them immediately.

Centre to welcome if UP govt waives farm loan: Agriculture Minister Radha Mohan Singhedit

The Indian Express

The Centre on Thursday said it would welcome if the new BJP government in Uttar Pradesh waives farm loans as promised by the party before the recent assembly polls. Agriculture Minister Radha Mohan Singh said in Lok Sabha during Zero Hour that the central government has full sympathy for the distressed farmers and was providing assistance to them in whatever way it can. The Congress members later walked out of the House in protest against the Minister’s reply.

Does the Banking System Really Want to Help Farmers?edit

 

 

The Wire

Farmers, for instance – suppose they buy a tractor at an interest rate of 12%. Big entrepreneurs can buy a luxury car at an interest rate of 7%. For a farmer, a tractor is necessary to improve crop production, which directly contributes to an increase in his income. The role of mechanisation to improve farming has never been in question, but for the rich, luxury cars are more of a status symbol.

ICRIER plots UP road map to double farm growthedit

Business Standard

As the new Uttar Pradesh (UP) government gets down to work, a paper by Indian Council for Research on International Economic Relations (ICRIER) lays down a road map for the state to double its annual farm sector growth to over five per cent from the current 2.5 per cent.
ICICI Bank launches Mera iMobile, allowing access to agri informationedit

FnBNews

The app allows users in rural areas to avail as many as 135 services, including Kisan Credit Card, gold loan, farm equipment loan and loans to self-help groups (SHGs). The app also enables them to undertake an array of frequently-used banking services from their smartphones, without using mobile Internet services.

Loan waiver to benefit two crore farmers: UP ministeredit

The Economic Times

Uttar Pradesh government would soon come out with a concrete decision on the issue of farm loan waiver which would benefit two crore small and marginal farmers, Agriculture Minister Surya Pratap Shahi said here. “The state government is seriously working on this front and a concrete decision would be taken soon. We are working to evolve the best possible solution,” the Minister told PTI while replying to a query on loan waiver.

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