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Nabard to oppose any amendment to Co-operatives Act

-PTI   Mamata had said that co-operative banks would not be allowed to attach properties of farmers for loan recovery in cases of default Refinance institution Nabard today said it would oppose any amendment to West Bengal Cooperative Societies Act of, 2006 as suggested recently by state Chief Minister Mamata Banerjee. "If the West Bengal government goes ahead with amending the Act without informing Nabard, then we will oppose it," National Bank for Agriculture...

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Nabard records 40% growth in farm credit in FY12

-The Business Standard   The National Bank for Agriculture and Rural Development (Nabard) has recorded a 40 per cent growth in agriculture credit and rural development in Karnataka during 2011-12. It has extended farm credit of Rs 6,053 crore during the year. While the production credit refinance extended to Cooperative Banks and regional rural banks (RRBs) was Rs 3,775 crore, its finance to state government under the Rural Infrastructure Development Fund (RIDF)...

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Rabi wheat procurement on support price from Mar 15

-The Pioneer The mega exercise of wheat procurement from farmers on support price will get underway from March 15 in Madhya Pradesh. Till May 20, about 65 lakh metric tonne of wheat will be purchased from farmers in 67 days at the rate of about one lakh metric tonne per day. Under the scheme, e-procurement system has been adopted for the first time in the State in order to prevent any irregularity...

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Burdened with bumper crop by Sayantan Bera

Faulty procurement, rising farm inputs force West Bengal farmers to commit suicide LONG known as farmer friendly, West Bengal is now making headlines for farmers’ suicides. Reportedly 31 farmers, including landless farm labourers and small traders of agriculture produce, in the state took their lives between October last year and January. Twenty-one of the 31 deaths are from the state’s rice bowl Burdwan district. And this is probably a reason the spate...

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JNNURM, farmers’ loan waiver scheme under CAG lens by Pradeep Thakur

 The Comptroller and Auditor General (CAG) is giving final touches to two reports where it has pointed out anomalies in allocation of funds under the centrally-runJNNURM scheme and UPA government's debt waiver to farmers in 2008, something the opposition may use as a stick to beat the government during the budget session.  In the Jawaharlal Nehru National Urban Renewal Mission (JNNURM), the CAG, sources said, is reviewing how central funds were...

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