Media Monitor
Agriculture Industry
NITI Aayog to rank states on measures taken to increase farmers’ incomeedit
Business Standard – Online
In a bid to keep track of the measures taken by states to increase farmers’ income, the government has decided to rank them based on their performance on farm sector policies, according to a report in The Economic Times. This, the government believes, will help it understand better the agriculture transformation happening across diverse regions. The report said NITI Aayog is working to develop the Agriculture Transformation Index, which will measure the performance of states on seven points – inputs, sustainability, productivity and diversification, policy, preservation, processing and exports, and farmers’ income and welfare. “The index is aimed at capturing the new policy paradigm in agriculture, at the core of which are sustainable diversification of ...
Budget
Fasal Bima outlay for FY 24 may be Rs 16,000 croreedit
The Financial Express – Online
The government is likely to allocate around Rs 16,000 crore for the implementation of Pradhan Mantri Fasal Bima Yojana (PMFBY) for the next financial year, the same as the Budget Estimate (BE) for 2022-23. Sources said the anticipated expenses for the Centre for implementation of PMFBY in the current fiscal would be around Rs 18,500 crore against BE of Rs 15,500 crore, while there is Rs 3,000 crore of ‘unspent balance’ in the corpus of the scheme from the previous year. “Allocation similar to the current year’s would be adequate for implementation of the crop insurance scheme in next fiscal year,” an official told FE.
Govt. Policies
15L farmers in Punjab awaiting PM-Kisan grant for Dec 2022edit
The Indian Express – Online
Around 15 lakh farmers in Punjab are waiting for the PM-Kisan grant under the central government’s Pradhan Mantri Kisan Samman Nidhi (PM-Kisan Samman Nidhi) scheme which was due in December. Farmers claim that the delay is because the Punjab government could not meet the required conditions laid down by the Centre in time. According to the Punjab Agriculture Department, there are 17.60 lakh farmers eligible under this scheme in the state, out of which only 2.50 lakh farmers could avail of the 12th instalment, which was due in December.
Cabinet gives nod to 3 new co-ops in agriculture sectoredit
Hindustan Times – Online
The Union Cabinet led by Prime Minister Narendra Modi on Wednesday authorised the establishment of three multi-state cooperatives in the agriculture sector to boost capital formation and scale up rural businesses. Separately, the Union government named the country’s subsidised foodgrain programme under the National Food Security Act 2013 as Pradhan Mantri Garib Kalyan Ann Yojana (PMGKAY). The new multistate cooperative societies, which are businesses collectively owned and run by members who share profits, will focus on seed availability to farmers, organic farming and exports, Union minister Bhupender Yadav said, briefing reporters on the Cabinet’s decisions.