Media Monitor
Agriculture Industry
Farmers lose faith in crop insurance after private insurers classify Tiruchy as ‘high-risk zone’edit
The New Indian Express – Online
The farmers here are a worried lot after the crop insurance companies here scaled-up Tiruchy from a medium-risk district to a high-risk zone, hindering their chances for benefits. Of the 48,293 farmers who applied for various crop insurance from Tiruchy for 2021-22, 16,587 received the benefits, sources from the district agriculture department said. The figure includes 25,396 applications for crop insurance, 8,920 from cotton farmers and 13,977 applications for maize crop insurance. The delay in the issuance of crop insurance was a matter of numerous discussions and debates at the monthly farmers’ grievance meetings held in the past few months, with speculations arising on the number of beneficiaries.
Competition
Escorts Kubota targets Rs 22,500 crore revenue by FY2028, eyes No. 2 position in India’s tractor marketedit
Autocar Professional – Online
Escorts Kubota, India’s third largest tractor manufacturer, is looking to farm growth speedily over the next five years. Its new Mid-Term Business Plan outlines the company’s ambitious target of growing business by 2.5 times to Rs 22,500 crore ($2.66 billion) in the next five years essentially by making India am export hub for affordable tractors. To achieve this, the company has lined up fresh capex of Rs 4,000 crore over the next five years (2023-2028) to set up a new greenfield plant and augment capacities for engines and tractors along with product technology as well as sales and network expansion.
Paddy in India
Punjab burnt paddy residue on nearly 15 lakh hectares, 20% in just 5 daysedit
The Indian Express – Online
Punjab has burnt paddy crop residue on 14.88 lakh hectares of land till November 18, including around 3 lakh hectares (20%) in just five days from November 14 to November 18. And the menace of stubble burning is continuing unabated in the state. Last year out of the total burning of crop residue on 15.65 lakh hectares, stubble on nearly 14.17 lakh hectares was burnt till November 20. Stubble burning in the state is usually recorded till November-end. Out of 23 districts in Punjab, 12 districts have shown an increase in the burnt area compared to last year. Meanwhile, harvesting has been completed in the entire state. According to the Punjab Remote Sensing Centre ...
Stubble Burning
When farmers give you stubble, make ethanol — how IOCL Panipat plant can cut farm fires, emissionsedit
The Print – Online
Can a public sector giant incentivise farmers to opt for alternative methods of stubble disposal, help marginally reduce India’s oil import bill, and prevent CO2 emissions to the extent that it may be the same as removing 62,000 cars from roads? The order may seem tall, but this is exactly what a central public sector enterprise (CPSE) — which happens to be a Fortune 500 oil company — has set out to do in Haryana’s Panipat. Once commissioned next month, the Indian Oil Corporation Ltd’s (IOCL) 2G (second generation) ethanol plant in Panipat will process 2.1 lakh metric tonnes (MT) of dry rice straw annually, converting it into 3 crore litres of ethanol — a ...
Uncategorized
Bank of Maharashtra is Offering All Purpose Loans for Farmers Up to 10 Lakh at 2.5% Interestedit
Krishi Jagran – Online
Bank of Maharashtra, popular for its loan schemes for various farmer requirements provides the Mahabank Kisan All Purpose Term Loan to help farmers become successful and double their income! If you or a farmer you know needs financial assistance to grow their farm, buy equipment or land need financial help then it is advised you go to the banks instead of going to loan sharks. Here we have mentioned all the details of the loan scheme and a step-by-step guide to help you through the process. What is the Purpose of the Loan? The purpose of the Mahabank Kisan All Purpose Term Loan is to create a hassle-free single-term loan limit for farmers for all ...