-Press Information Bureau (Ministry of Finance) Loan waiver to farmers was provided by the Central Government under Agricultural Debt Waiver and Debt Relief Scheme (ADWDRS), 2008. Under the scheme, direct agricultural loans disbursed by Scheduled Commercial Banks, Local Area Banks, Cooperative Credit Institutions and Regional Rural Banks between 1st April, 1997 to 31st March, 2007 to farmers, which were overdue as on 31st December, 2007 and remained unpaid upto 29th February, 2008...
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Farm credit increased -Gargi Parsai
-The Hindu Interest subvention retained, rice storage exempt from service tax Lauding the "stellar performance" of the agriculture sector, Union Finance Minister P. Chidambaram on Monday announced a farm growth of 4.6 per cent in the current year, up from 3.1 per cent achieved during UPA-I. He said the government set an agriculture credit target of Rs. 8 lakh crore for 2014-15, against Rs.7.35 lakh crore expected this year. The interest subvention scheme for...
More »Spending on subsidies surged, education and health lagged during 10 years of UPA -Sidhartha
-The Times of India NEW DELHI: When finance minister P Chidambaram presents his first interim budget on Monday, he is expected to devote a significant chunk of his speech - which may be between 12 and 18 pages - to UPA government's spending on social sector schemes, especially health, education and rural development. But what is probably going to slip through is the fact that these sectors actually witnessed a comparatively...
More »‘RuPay’ card to benefit farming community
-The Hindu Ryots can use it at all bank ATMs to withdraw cash to buy fertilizer or seed TIRUPATI (Andhra Pradesh): ‘RuPay', the multipurpose smart card envisaged to enable payments from various financial institutions to beneficiaries through an impressive network of ATMs, is all set to benefit the farming community more than ever before, said National Bank for Agriculture and Rural Development (NABARD) Chairman Harsh Kumar Bhanwala. Speaking after releasing and distributing the...
More »Record 263.2 Million Tonne Foodgrain Production Likely this Year
-Press Information Bureau (Ministry of Agriculture) India is likely to produce record 263.2 million tonne foodgrains this year (includes kharif 2013 and rabi crops in the field at present). The earlier foodgrain production record of 259.3 MT was achieved in 2011-12. As per the latest crop sowing data available, major crops have been sown in more area than in rabi last year. Wheat has been sown in 315.3 lakh hectare...
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