Media Monitor
Agriculture Industry
88% of Over 9,000 Punjab Farmers Who Died by Suicide in 18 Years Were Debt-Ridden: Studyedit
The Wire – Online
As many as 9,291 farmers died by suicide between 2000 and 2018 in six districts of Punjab, a Panjab Agriculture University (PAU) study published in the latest edition of Economic and Political Weekly has revealed. The districts surveyed were Sangrur, Bathinda, Ludhiana, Mansa, Moga and Barnala. Heavy debt – most incurred against loans from non-institutional sources – was stated as the prime driving factor in 88% of these cases, the study has found. Marginal and small farmers were the chief victims – 77% of famers who died by suicide owned fewer than two hectares of land, the study said. The field survey also revealed that around 93% of the affected households were of those where ...
Agriculture loan NPAs rise by 15%edit
The Times of India – Online
With the prolonged monsoon and erratic rainfall, several farmers suffered crop losses. Consequently, bad loans in the agriculture sector rose in FY 2022. According to the latest report by State Level Bankers’ Committee (SLBC) tabled at the 173rd SLBC meeting in Ahmedabad on Tuesday, non-performing assets in agriculture loans stood at Rs 6,572 crore in financial year 2021-22. Bad loans in agriculture grew from Rs 5,696 crore in 2020-21, up 15% in the current fiscal year. NPAs in crop loans stood at Rs 2,808 crore, and in agriculture loans at Rs 3,764 crore in the current fiscal. Cotton farmers incurred major losses according to estimates from bankers due to erratic rainfall and reduced ...
Competition
Solis Yanmar to launch 3 tractors in Turkeyedit
Financial Express – Online
Solis Yanmar, part of the International Tractors, is looking to expand its market presence globally by launching three new tractor models in the ‘up to 30 HP segment’ in Turkey. The company recently unveiled the Solis 75 HP CRDi tractor in the Izmir and Konya National fairs held in February and March 2022, respectively. According to the Solis Yanmar, Turkey is a leading market for tractors with 70,000 unit sales annually. It currently sells 10 models and over 20 variants in the under 100 HP segment. Solis entered into a strategic partnership with Yanmar Turkey Makine in 2017 to set up an assembly plant and tractor distribution operations in Izmir, Turkey. The facility can produce ...
Technology in Agriculture
Krishify Business Suite, a SaaS product for agribusinesses to engage with farmers; here is everything to knowedit
Times Now News – Online
Krishify, a homegrown agritech company has launched a SaaS tool named Krishify Business Suite, that will help businesses to connect, engage and transact with farmers efficiently. Businesses can use the tool to increase their share-of-voice on the platform and strengthen brand awareness and loyalty by running advertising and marketing campaigns. Additionally, consider the tool as a data center for businesses to discover farmers across the nation and derive granular insights on farmers’ demographics. The tool also allows businesses to manage incoming inquiries by farmers basis an inquiry form that can be published alongside content on the Krishify App. Krishify App is a social networking and commerce platform for farmers that has become the largest ...
Govt. Policies
Rythu Bandhu only for farmlands from now?edit
The Hans India – Online
The Telangana government is likely to stop distribution of Rythu Bandhu benefits to non-farmlands from this kharif season. The farmers have been availing this benefit of Rs 5,000 per acre for the past five years. The Agriculture department has identified several lakhs of acres of farmlands being used for commercial activities and these lands would now be delinked from the Rythu Bandhu ambit. The department has forwarded the proposal to Chief Minister K Chandrashekar Rao for his final approval. It is estimated that this will help the government save nearly Rs 500 crore, an official said. He said the scheme envisages benefitting only those who practise farming every season. Using the land for other ...
Paddy in India
Tamil Nadu seeks advancing of paddy procurement dateedit
Financial Express – Online
The Tamil Nadu government on Tuesday urged the Centre to advance the procurement of paddy by one month, to September 1, 2022, instead of October 1, 2022 to safeguard the interest of farmers of Tamil Nadu. The state government believes that as Tamil Nadu has experienced a favourable agricultural season this year, and if the Centre orders to procure paddy from September 1, that would immensely help farmers of Tamil Nadu to fetch remunerative price for paddy and realise the benefit of increased MSP for the kharif marketing season of 2022. In a letter to Prime Minister Narendra Modi, Tamil Nadu chief minister M Stalin requested to issue suitable instructions to the department of agriculture ...