The Finance Ministry has launched a concessional loan scheme for farmers to prevent distress sale of agricultural produce. Farmers who park their produce at warehouses will be able to avail short-term post harvest loan at 7% as against the prevailing rate of 11%-12%. Farmers making timely payment of the loans will further enjoy 3% interest subvention, bringing the real interest rate to 4%, according to the finance ministry directive. This will benefit...

River Brahmaputra has eaten more than half of Asia's largest riverine island Majuli over the last 60 years. With land disappearing, there is progressive loss of the traditional means of livelihood of its people, leading to their displacement. Some lately are migrating even as far away as Andhra Pradesh, finds out Sangeeta Barooah Pisharoty after a visit. Farmer Sridhar Bora stops mid-way as he brings down his axe on a tree...

-The Business Standard   Achieves total financial inclusion in Andhra Pradesh. State Bank of India (SBI) is planning to use the rural banking correspondent (BC) network for Farm Loan recoveries in addition to the services prescribed under the financial inclusion plan by the Reserve Bank of India. The SBI’s Hyderabad circle with operational jurisdiction extending to the entire state of Andhra Pradesh is one of the first to achieve total financial inclusion. It has...

-PTI The agriculture sector performed exceedingly well in 2011, with record grain production of over 240 million tonnes giving enough leeway for the government to lift a ban on exports of wheat and non-basmati rice and introduce the food security bill in Parliament. Farmers’ long-standing demand for crop loans at a 4% rate of interest was met during the year, although with a rider that the facility would be available to...

-The Hindu The government on Monday proposed the setting up of a parliamentary panel to go into the issue of farmer suicides in the wake of contradictory figures emerging from the States and the Union Home Ministry's National Crime Records Bureau. The suggestion came after the government was cornered in the Rajya Sabha, during the reply to the debate on the agrarian crisis, leading to two quick adjournments and a walkout by...