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...

-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...

Agriculture minister Sharad Pawar’s suggestion to ban Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGA) during farming season may not get government’s approval. Instead, the MGNREGA guidelines may be amended to increasing synergy between the world’s biggest social security scheme and agriculture sector to improve production. A set of green methodologies could be included in works allowed under the scheme. Pawar had written to Prime Minister on November 28 seeking the ban....

Rural Development Minister Jairam Ramesh has rejected Agriculture Minister Sharad Pawar’s suggestion on modifying MGNREGA’s guidelines, saying it has not impacted the availability of workers for the farm sector. Ramesh has told Prime Minister Manmohan Singh that on the contrary it has led to major increase in farm wages and kind of works being executed with most of the works being taken up during the off-season periods. In reply to Pawar’s...

The goals of the Right to Education (RTE) Act are unrealistic and unachievable in its entirety education experts and policymakers said at a conference here today, and endorsed the need for more dialogues with civil society, government agencies and educational service providers to bring the landmark legislation to fruition.              There is an imperative need to look afresh into the RTE Act, iron out its ambiguities and...