Media Monitor
Agriculture Industry
Investment in agri-tech startups increased significantly during 2017-20: Reportedit
The Times of India – Online
Private equity investments in agri-tech space have skyrocketed in last 4 years, growing at more than 50 per cent per annum to aggregate approximately Rs 6,600 crore, a report by Bain & Company showed. Titled ‘Innovation in India’s rural economy: Disruptive business models are stimulating inclusive growth in agriculture and rural finance’, the report has been prepared by Bain & Company and the Confederation of Indian Industry (CII). It said that rural economy contributed nearly half of India’s overall gross domestic gross domestic product (GDP) in 2019–2020. “Two-thirds of the population participated in rural economy in the past two years, and agriculture—the largest sub-sector within rural economy, had the highest share of output, ...
Disruptive business models to stimulate inclusive growth in agriculture, rural finance: Studyedit
Financial Express – Online
The food and agriculture sector is expected to witness massive (constructive) disruption through introduction of new-farming models, advanced agri-tech services and new food products, which would replace the traditional farming system, a joint report by CII and Bain on Wednesday stated. “In the last six years, several start-ups have emerged to reduce systemic inefficiencies among inputs and marketplaces, precision farming, processing and storage,” the report titled ‘Innovation in India rural economy: Disruptive business models are stimulating inclusive growth in agriculture and rural finance,’ has stated. According to the report, new players in the agri-start-up sphere like Ninjacart and WayCool are improving distribution efficiencies, which cause 17% to 22% leakage, when perishable commodities are moved from ...
Govt. Policies
Punjab to impose district-wise cap on wheat procurementedit
Hindustan Times – Online
The Punjab government will impose a district-wise limit during wheat procurement scheduled to start on April 1. The state’s food and civil supplies department, which oversees procurement, and agricultural marketing board, which manages mandi operations, are working out the limit on the basis of a report from the agriculture department. Even during kharif season, Punjab’s four agencies and Centre’s Food Corporation of India (FCI) had procured paddy on the basis of district-wise average yield. For example, it came out to 40 quintals per acre in Sangrur and 29 quintals per acre in Pathankot. “It would become a practice, as restrictions were imposed ahead of the last kharif season as well,” said an officer of the ...
Nabard raises agriculture credit for Andhra Pradesh by 10%edit
The Times of India – Online
The National Bank for Agriculture and Rural Development (Nabard) has presented its annual agriculture credit plan for Andhra Pradesh with an increase of 10 per cent for 2022-23. The bank has proposed agriculture credit of Rs 1.71 lakh crore. Chief minister Y S Jagan Mohan Reddy released Nabard’s focus paper for Andhra Pradesh, at its annual credit seminar at Tadepalli on Wednesday. The chief minister told officials of Nabard that the government has introduced several initiatives to improve the farming sector. The approach of the government towards agriculture is in the form of ease of doing farming (EoDF), the chief minister said, and listed out initiatives such as the Rythu Bharosa Kendras (RBKs), ...
Monsoon + Indian Agriculture
TN farmers worried as unseasonal rain may hit harvest-ready crops in Delta regionedit
The New Indian Express – Online
As the meteorological department has predicted heavy rain for Tamil Nadu from Thursday night, farmers in Thanjavur and Nagapattinam expressed concerns over paddy harvest. In the Thanjavur district, the paddy has been cultivated in around 1.37 lakh hectares this season. According to agriculture department officials, harvest is over in around 1.07 lakh hectares. The remaining 30,000 hectares, mostly in the areas of Tiruvaiyaru, Budalur, and parts of Thanjavur block, are yet to be harvested. Most of these standing crops are the ones that were re-transplanted after the unseasonal rains. “In our area, the harvest will be over in another 20 days,” said Manikandan, a farmer from Manathidal village. He further said if there ...