In a bonanza to the farming community, the government on Monday announced loans at interest rate of four per cent -- three per cent less than market rate -- for farmers who pay their dues in time and raised the credit target for farm sector by Rs 1 lakh crore. "The existing interest subvention scheme of providing short-term crop loans at seven per cent interest rate will continue during the 2011-12...

On the eve of the presentation of the Union Budget by Finance Minister Pranab Mukhrejee, Janata Dal (United) President Sharad Yadav said here on Sunday that his party wanted an agriculture-friendly budget and that emphasis be given to protect the fertile land of the country. “The Budget should take measures to save the agricultural sector of the country for the sake of food security. Steps should be taken to save the...

A shift from the traditional rice-wheat cycle and linking farmers directly to the market can end the current stagnation in farm sector, according to the Economic Survey 2010-11 tabled in the Parliament on Friday.The survey stated that capital investment were required not only for farm productivity but also to create adequate infrastructure for transport, storage and distribution of agricultural produce. The stagnation is evident from the fact that whereas overall GDP...

The survey called for a “Second Green Revolution with technological breakthrough in the agriculture sector” to boost farm output and ensure the food security of the country The Economic Survey on Friday pegged the country’s agriculture sector growth at 5.4% in the current fiscal, as against 0.4% in the previous year. The survey also called for a “Second Green Revolution with technological breakthrough in the agriculture sector” to boost farm output and...

The Economic Survey has been silent on the proposed National Food Security Bill and the projections of foodgrains needed to provide food security to citizens. The chapter on Agriculture and Food Management talks of supply-side constraints, the need to feed a growing population, the procurement and off take of foodgrains, buffer stocks of foodgrains, food subsidy, the targeted public distribution system (TPDS), and the central issue price (CIP) of foodgrains, but...