Media Monitor
Agriculture Industry
Agritech in India: An Overview of the Industry and Investment Opportunitiesedit
Inventiva – Online
In this article, we look at the agriculture sector in India and how technological interventions by the agritech industry are increasing efficiencies and overall productivity, resulting in investment potential. Food security has been a top worry around the world as the global population exceeds 7.9 billion in November and is expected to reach 9.8 billion by 2050. The urgency for action must also address resource shortages, distribution and access distortions, and the need to increase agricultural outputs. Policymakers around the world are increasingly looking for long-term solutions to the dilemma by leveraging technology in agricultural operations. It has heightened interest in new agriculture technology (agritech), with agritech entrepreneurs earning $26.1 billion in funding globally by 2020. ...
Budget
Union Budget 2022-23: How will ‘Kisan Drones’ benefit farmers, experts askedit
DownToEarth – Online
Union Finance Minister Nirmala Sitharaman announced February 1, 2022 the Centre will promote ‘Kisan Drones‘ to help farmers assess crops, digitise land records as well as spray insecticides and nutrients. Experts are sceptical about the plan and questioned what it has for the farmers. “Will it increase the farmers’ income? That’s the question nobody wants to answer,” Devinder Sharma, agriculture and food policy analyst, told Down To Earth. Drones are not a crying need of the sector, said Nachiket Udupa, who is associated with the Mazdoor Kisan Shakti Sangathan and the Alliance for Sustainable and Holistic Agriculture. “There are bigger problems plaguing the sector that need urgent attention.” For instance, the government set 2022 as a ...
Budget 2022-23: List of important announcements related to the agriculture sectoredit
Jagran Josh – Online
Finance Minister Nirmala Sitharaman during her Budget 2022-23 speech announced some significant measures for the agricultural sector that will pave the way for the economic revival for the farmers. While presenting the Union Budget 2022-23, she said that the procurement of wheat in Rabi 2021-22 and the estimated procurement of paddy in Kharif 2021-22 will cover 1208 lakh metric tonnes of wheat and paddy from 163 lakh farmers, and Rs. 2.37 lakh crore direct payment of MSP value to their accounts. Agriculture and Farmers Welfare Minister Narendra Singh Tomar cited that the Budget 2022-23 is for the villages, poor people, farmers, women and youth. He further said that the Budget of the Ministry of Agriculture ...
Govt. Policies
Government will give 25 percent subsidy to start Dairy Farming Businessedit
Krishi Jagran – Online
Dairy farming is one of those businesses, which is not dependent on the weather or any place. This is one of the few evergreen businesses that you can start anywhere and anytime. Milk and curd are such products, whose demand is always there. Apart from this, there is no need to invest a lot of capital for dairy farming, so even if you have less money, you can start this business. Let us tell you that there are many government schemes, which can help you. At present, the government is promoting dairy farming business and is running many subsidy schemes, loan schemes and other assistance schemes for dairy farming business. One of these schemes is ...
Monsoon + Indian Agriculture
Major crop loss in Haryana due to unseasonal rains, 17k farmers apply for reliefedit
Hindustan Times – Online
Unseasonal heavy rains in January may have shattered the dreams of a bumper rabi harvest of Haryana farmers as thousands of acres of standing crop is in an inundated state or damaged, forcing the farmers to apply for crop-loss relief. As per figures, total 16,617 aggrieved farmers have applied for compensation under the Prime Minister Fasal Bima Yojana (PMFBY) claiming 50-100% loss to around 50,000 acre wheat, mustard, barley and gram covered under the scheme. As per officials of the state agriculture department, the applications are coming in from almost all districts. But there are reports that water stagnation caused by rains has damaged thousands of acres of standing mustard, wheat and barley crops in ...