Media Monitor
Agriculture Industry
Best Agriculture Loans in India with Interest Rates and Chargesedit
A number of banks and private lenders in India offer agriculture loans or farm loans that start at an interest of just 8.70 percent per annum. The processing fees for these loans can be as low as 0 percent and can go up to around 4 percent of the loan amount. Farmers can apply for a short-term or long-term agriculture loan, based on their needs.
Many a times, due to shortage of money, farmers are not able to buy good quality seeds, modern machines and equipments. In order to solve such problems various banks provide different types of agriculture loans to the farmers. This article will tell you about top banks that offer agriculture loans and at what interest ...
Ajit Pawar to head panel on loan waiver scheme detailsedit
Days after announcing the Mahatma Jyotirao Phule Farmer Loan Waiver Scheme, the Maharashtra government has formed a seven-member committee to finalise the benefits to farmers with a crop loan of more than ₹2 lakh as well as to those who pay loan installments regularly.
Deputy Chief Minister and Finance minister Ajit Pawar will head the committee while Principal Secretary (Cooperation) will be the member secretary. The members are Eknath Shinde (Urban Development Department Minister), Balasaheb Thorat (Revenue Minister), Ashok Chavan (Public Works Department Minister), Dadaji Bhuse (Agriculture Minister) and Balasaheb Patil (Cooperation Minister).
A biomass shredder for sugarcane trashedit
Having spent a year on converting the patented design into a product and conducting field trials, the Centre for Innovation and Product Development (CIPD) of KLE Technological University (KLETU) has announced the launch of a multi-purpose biomass shredder that is said to be useful for sugarcane farmers in particular.
Addressing presspersons here on Thursday, Vice-Chancellor of KLETU Ashok Shettar said that it was the first commercial product coming out of the KLETU campus and the university had entered into an MoU with a private player for commercial production. The product would be formally launched during the Krishi Mela being organised by the University of Agricultural Sciences, Dharwad, (UAS-D), he said.
Tripura govt to buy 30,000 MT paddy for PDSedit
The council of ministers in Tripura has decided to procure at least 30,000 MT paddy produced in Rabi season from about 10,000 odd farmers of the state at the cost of Rs 1815 per quintal, which will provide Rs 54.55 Cr to the farmers. Besides, Food Corporation of India (FCI), the state government would spend at least Rs 7 Cr as milling charge. The FCI had procured 10,400 MT of paddy from 5,500 farmers at a cost of Rs 1750 per quintal in 2018-19. As many as 8,623 farmers had sold 16,870 MT paddy and FCI had paid Rs 29.50 Cr to them. Spokesperson of the cabinet Law Minister Ratan Lal Nath said that the state ...
Harvester owners hope to reap profit this samba seasonedit
This samba paddy season is all set to provide a bumper harvest not only for farmers but also for owners of harvester machines.
Timely availability of water for irrigation resulted in a good season and the crop will be ready for harvest during January-February in about 10 lakh hectares in seven districts in Tamil Nadu, according to official sources.
Punjab govt has made every effort to fulfil its commitments, despite constraints: Guvedit
The Congress government in Punjab has made every possible effort to fulfil its commitments, despite constraint of resources and an “empty treasury” inherited by it, Punjab Governor V P Singh Badnore said on Thursday. Badnore made the remarks while addressing MLAs on the opening day of the Punjab assembly’s two-day special session, even as opposition SAD and AAP members walked out from the House, alleging that the Amarinder Singh government had not fulfilled its promises. The session has been specially convened to ratify the 126th Constitutional amendment to extend reservation for those belonging to scheduled castes and scheduled tribes for another 10 years, Badnore said.
Maharashtra govt sets up panel to extend relief to farmers with loans of over ₹2 lakhedit
The Maharashtra government has appointed a sub-committee to study and recommend an appropriate scheme for farmers having overdue of short-term crop loan/restructured crop a loan above ₹2 lakh and for those who have repaid their crop loan on time.
The Government Resolution (GR) issued on Wednesday states that the sub-committee will conduct a study to provide relief to farmers who have regularly paid loans. The committee will also study a way out to provide relief to farmers who have restructured crop loan.
Opinion | The puzzle of inflation going up despite low demand in Indiaedit
On 7 January, the ministry of statistics released India’s advance estimates of national income for 2019-20, pegging the economy’s growth rate this financial year at 5%. Based on data available for the first two quarters, this seems an overestimate. Most indicators suggest that actual growth may be lower than 5%. This is bad news, especially since there is no hope of an economic revival in the near future. What is likely to create further problems is rising inflation.
CLAAS Mentions
Straw burning goes on unabated in Mansaedit
Even as a ban on stubble burning continues to be in force, farmers continue to violate it with impunity. On Wednesday, members of the Bhartiya Kisan Union (Ekta-Ugrahan), set paddy stubble on four acre on fire at Bhaini Bahga village in the district.
Ram Singh, a member of BKU (Ekta-Ugrahan), said, “We are not interested in burning paddy straw. We are forced to do so as we don’t have any alternative,” adding, “If the Centre is not ready to pay incentives, then the state government should listen to the farmers of the state.”
Govt. Policies
Maha govt forms sub-committee to recommend farmer schemesedit
The Maha Vikas Aghadi government has constituted a cabinet sub-committee headed by the Deputy Chief Minister Ajit Pawar to study and recommend an appropriate scheme for account holders having an overdue of short-term crop loan/restructured crop loan above Rs 2 lakh as well as for account holders who have timely repaid their crop loan. The government has already launched crop loan waiver up to Rs 2 lakh with a cutoff date of September 30, 2019. Nearly 30.57 lakh farmers will be covered with the state government’s outgo estimated at Rs 21,216 crore.