-Press Information Bureau/ Ministry of Agriculture The Central Government has asked State Level Bankers' Committees to facilitate timely restructuring of crop loans. With restructuring, the loan repayment period would be extended. The Home Ministry has also written to states to keep 10% of SDRF fund reserved for "local disasters" such as heavy rain which are to be declared at par with national disasters and use this money for distressed farmers. This...
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Freak weather may hit kharif crop too: Experts
-The Times of India NEW DELHI: Changiram, a farmer from Kota's Darbheeji village, had sown his four-hectare land with wheat, investing around Rs 80,000 in seeds, fertilizers and labour. He expected to earn around Rs 4 lakh. But unseasonal rains and hailstorms in March damaged more than 70% of his crop, leaving him insolvent and staring at a bleak future. Changiram's plight mirrors that of tens of thousands of farmers across the...
More »No slowdown in bank lending to agriculture sector -Radhika Merwin
-The Hindu Business Line This is result of lacklustre credit growth to India Inc and tough priority sector lending norms Credit growth in the banking system continues to languish below the 10 per cent mark, far lower than the 14 per cent seen a year back. But there is one segment that has managed to grow faster than last year - loans to the agriculture sector. These grew 16.5 per cent in...
More »Gujarat’s millet production falls drastically -Paul John
-The Times of India AHMEDABAD: Gujarat today figures among the few states in the country with high malnutrition rates among it's children and low immunity levels in its general population. Agricultural scientists and nutrition experts in the country have suggested how effective millet management in Public Distribution System (PDS) and mid-day meal schemes was the key to ensure nutrition security for small farmers and marginal tribal communities. However, in Gujarat millet...
More »Protecting the small farmer -Ananth Gudipati
-The Hindu Reviving the Farm Income Insurance Scheme could be the best tool for small and Marginal Farmers to fight falling prices in an increasingly globalised marketplace. Data from the recently held National Sample Survey Organisation (NSSO) survey show that close to 60 per cent of rural households are dependent on agriculture for their livelihood. More than half of them are at risk of defaulting on their debts with either banks or...
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