-The Hindu Baghel says scheme will cover rice, maize and sugarcane farmers to begin with, and will expand to other crops later Farmers in Chhattisgarh would get up to ₹13,000 an acre a year under a new income support programme announced by the State government. The Rajiv Gandhi Kisan Nyaya Yojana would kick off on Thursday, 19th death anniversary of the former Prime Minister. In the first instalment, ₹1,500 crore would be...
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ECA, APMC changes may hurt farmers’ interests -Kushankur Dey
-The Hindu Business Line Private oligopolies may end up forcing small and marginal farmers to accept poorer terms for their produce A big-bang reform claimed to usher in the farm sector as Finance Minister announced ₹1-lakh crore funding support for strengthening of farm-gate infrastructure such as cold chains and post-harvest management infrastructure. Additional measures include a ‘facilitative legal framework’ to enable farmers for engaging with modern food chains in a fair and...
More »Centre Opts for Long-Term Agricultural Reforms, Leaving Farmers ‘Atmanirbhar’ in Crisis -Kabir Agarwal
-TheWire.in The government has failed to provide compensation and relief to farmers for the losses suffered during the lockdown, primarily because it lacks the fiscal space. New Delhi: On Friday, finance minister Nirmala Sitharaman held her third press conference in as many days to follow up on Prime Minister Narendra Modi’s promise of a Rs 20 lakh crore financial stimulus package. After focussing on Micro, Small and Medium Enterprises (MSMEs), and migrant...
More »Most Small Farmers outside formal credit system. Sitharaman’s announcements won’t help them -Shoumitro Chatterjee and Mekhala Krishnamurthy
-ThePrint.in An RBI report says that despite numerous existing initiatives, at most 40 per cent of India’s small and marginal farmers are covered by formal credit. There is no doubt that agricultural credit is a critical element of both agricultural production and marketing across India. However, during a period of acute crisis, the government needs to bank on channels that are relatively robust and far-reaching. Unfortunately, especially when it comes to small...
More »Coronavirus package: Migrant workers to get free foodgrains
-The Hindu Rs.3,500 crore of second tranche of stimulus to be spent on allocation to those without ration cards. A major focus of the second tranche of the economic stimulus package announced by Union Finance Minister Nirmala Sitharaman on Thursday was to provide free foodgrains for the next two months to migrant workers who do not have ration cards. The Centre will spend ₹3,500 crore for this purpose. Quoting numbers from State governments,...
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