Media Monitor
Agriculture Industry
Around 2.5 million farmers in Uttar Pradesh to be linked to Kisan Credit Card schemeedit
Business Insider India – Online
Lucknow, With the aim to double the income of farmers, Uttar Pradesh Chief Minister Yogi Adityanath has taken measures to link over 2.5 million farmers to Kisan Credit Card (KCC) scheme.
Under KCC, loans are provided at a subsidised rate to the farmers for seeds, irrigation purposes, crop production, land preparation, fertilisers and other requirements.
This will resolve the ongoing capital crisis in the agriculture sector which directly impacts the production and sale of crops.
Rebooting Economy 69: What do workers gain from growth and profits?edit
Business Today – Online
The “First Advance Estimates of National Income 2020-21”, released on January 7, 2021, indicate that agriculture and allied activities is likely to be the only sector to register positive growth in FY21 (plus 3.4% in real GVA), while the overall growth tanks to all-time low (minus 7.2% in real GVA). The budget for FY22 and Economic Survey of 2020-21 project the FY22 growth to be 14.4-15.4% (nominal GDP).
There is encouraging news from the corporate sector too. The listed companies booked “their highest ever profits in the midst of a severe lockdown” in the second quarter of FY21 and went to better their profits in the third quarter.
The case for diversificationedit
LiveMint – Online
India’s agriculture production has been growing but is still dominated by rice and wheat thanks in part to subsidies. However, with better data and technology, Indian farming can diversify crops profitably.
Can farm income be doubled by next yearedit
Down To Earth – Online
Indian Prime Minister Narendra Modi, on February 28, 2016, had announced that by the time India celebrated its 75th Independence Day in 2022, its farmers’ income would have doubled.
The Union Budget 2021-22 presented on February 1, 2021 was, in fact, the penultimate budget before this deadline. It was a great opportunity for the Union government to outline what it had been doing to achieve this target, or at least give an overview on the status quo and how far the country had come to materialising the ambitious dream.
But niether the budget document nor the speech presented any details of the farmers’ current income levels. The matter found a brief mention in Union Finance Minister Nirmala Sitharaman’s ...
Govt keen to utilise more technologies in farming sector: Tomaredit
New Kerala – Online
Union Agriculture Minister Narendra Singh Tomar on Friday said that the government is keen to use more technology in farming so that the farmers can get more price from their produce.
“Besides use of more technology, various efforts were undertaken and many schemes launched for the further improvement of the agriculture sector. Today in terms of food production, we produce more than our requirement. We are self-sufficient.
Centre, states should work closely to boost economic growth: PM Modiedit
Times of India – Online
Prime Minister Narendra Modi on Saturday said that the Centre and states need to work closely in collaboration to boost economic growth of the country.
Addressing the sixth meeting of the Niti Aayog governing council, PM said that the initiatives taken by the government would provide opportunity to everyone to participate in nation building to its full potential. He also noted that in past few years, India saw opening of bank accounts, increase in vaccination and health facilities, free electricity connection, free gas connection and many such phenomenal changes that has empowered the lives of the people.
Technology in Agriculture
How this Assam agri-tech startup is leading the charge on innovative and smart solutionsedit
EastMojo.com – Online
Utilising technological solutions in solving the most recurrent challenges that farmers have faced over the years has proven to be one of the most efficient ways of protecting them.
A wave of agri-tech startups has emerged in the last few years in India. A report stated, “India’s agri-tech sector has come a long way with 43 startups in 2013 to more than 1,000 startups in 2020, driven by rise in rural internet penetration, rise in post-harvest and supply chain losses, growing investors’ interest in the sector, lack of finance and high-quality inputs for farmers.”
Ensuring employee productivity – Steps that CEOs are taking in the Agritech Industryedit
People Matter – Online
After sluggish technological adoption for the longest time, India’s agriculture industry is currently amid a technological revolution. With increased funding, government stimulus, and numerous tech-powered start-ups, the agritech industry is taking center stage in India.
Multiple Agritech startups have come up with innovative ideas and business models trying to change the landscape of the Indian agriculture industry. Agritech is a segment of companies using technology extensively in agriculture to increase productivity, efficiency, and output. With a market potential of USD 24.1 Billion in 2020, the Indian Agritech sector is growing fast.
Just as in other fast-growing businesses, employee productivity happens to be one of the main challenges, even in the Agritech startups. Employees are the backbone ...