The National Bank for Agriculture and Rural Development (NABARD) has sanctioned Rs.1.15 crore from its Farmers Technology Transfer Fund to the National Agro Foundation (NAF), NABARD’s Managing Director K.G. Karmakar announced on Saturday. Speaking at a function in Illedu village, Kancheepuram, to observe the birth centenary of the former statesman, C. Subramanian, he said the funds had been sanctioned to the NAF to help farmers access new technologies. NABARD was interested...

The Union government’s decision to revive a long-forgotten concept of primary producers’ companies (PPCs) ought to be welcomed. Such companies can help small farmers and individual craftsmen come together to derive economies of scale. The idea of farmers’ companies which extend the benefit of being a registered firm while allowing farmers to derive all the benefits of agricultural land ownership, was mooted nearly a decade ago. After much debate, the...

A good reason why we must not rejoice the late resumption of monsoon rains is that much of the damage is already done and is irreparable. In over 60 percent of India’s agricultural belt, particularly in the North-Western parts, there will be no rabi harvest. Hence, late arrival of rains hardly mitigates the challenges of lower agricultural production, shrinking of rural purchasing power, high inflation of food prices and loss...

KEY TRENDS  • The NSS 59th Round (January-December 2003) had found that 48.6% farmer households were indebted while the NSS 70th Round (January-December 2013) has observed that 52% of India's agricultural households were indebted in July, 2012-June, 2013 $   • A similar survey on rural indebtedness by the NSSO in 1991 found indebtedness among only 26% of farmers $   • On an average, the amount of debt per farmer household was Rs. 12,585 during NSS...

**page** [inside]KEY TRENDS of the Union Budget 2023-24[/inside] Budget 2023-24 is the last full budget before the general election scheduled for 2024. An analysis of the budget allocations suggests that the union government has squeezed expenditure, particularly on food subsidy and the NREGA budget, while boosting Capital expenditure and giving the middle class tax benefits. Social sector activists working on Right to Food, the National Rural Employment Guarantee Act (NREGA) came out with...