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The Centre asks Bankers to Restructure Crop loans and Insurance

-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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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...

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MUDRA Bank launched by PM Modi, increases farmer’s compensation

-Tehelka Prime Minister announced increase in quantum of compensation for crop damage to affected farmers by 50 per cent. Showering a bright hope to small entrepreneur, Prime Minister Narendra Modi launched MUDRA (Micro Units Development and Refinance Agency) bank under the Pradhan Mantri Jan Dhan Yojana which will provide credit up to 10 lakh to small entrepreneur and act as a regulator for ‘Micro-Finance Institutions' (MFIs). The prime minister also announced increase in...

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200 farmers committed suicide in Marathwada, says official

-PTI AURANGABAD: The total number of farmers who committed suicide during the last three months in the eight districts of Marathwada region has crossed 200, official sources said here today. The main reason behind taking the extreme step is bankruptcy due to loans which cannot be repayed due to crops destroyed by natural calamities. Notably, last year, 510 farmers ended their lives. As of 2015, families of 105 farmers who ended their lives,...

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PM launches Mudra bank to ‘fund the unfunded’ small entrepreneurs

-Hindustan Times Prime Minister Narendra Modi on Wednesday launched the Mudra bank which will provide loans of up to Rs 10 lakh to small entrepreneurs including shopkeepers and beauty parlour owners, hoping that it will promote growth and create jobs. Short for Micro Units Development and Refinance Agency Bank, the financial institution will act as a regulator for micro-finance institutions (MFIs). Mudra Bank will have a corpus of Rs 20,000 crore, Modi said...

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