-The Hindu Business Line Govt preparing food map to identify ‘critical' products and districts To bring down wastage and stem the rise in food inflation, the Government is planning to create a National Food Grid on the lines of the power grid. The proposed grid will ensure that all types of food are available in every part of the country all through the year. "As the first step, we are preparing a National...
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A new online software disburses farm loan details-MJ Prabu
-The Hindu Kerala: Getting a crop loan from a bank and after repaying the entire amount getting back the land or house papers submitted as collateral security for availing the loan are not easy tasks. "Farmers know well how hard it is to get a bank loan today. In several cases they are often in the dark about their eligibility for applying or interest calculated on their loan amount disbursed. "As an answer...
More »Government expects bumper crop this year on good monsoon
-PTI NEW DELHI: India is expected to harvest bumper crop this year based on estimates of higher food grains production in Kharif (summer sown) and hopes of better Rabi (winter) crop with enough water in reservoirs, Finance Minister P Chidambaram said today. He also said that the agriculture credit has grown by 12.1 per cent during April-August period of this fiscal. "On agriculture, we estimate this would be a very good year. The...
More »Distressed Andhra Pradesh farmers selling organs to escape debt trap
-The Times of India Almost five years after the UPA government allocated the lion's share of its Rs 52,000 crore farm loan waiver scheme to Andhra Pradesh, reports are emerging from the state that distressed farmers are selling their organs to come out of the agricultural debt trap. Three states - Andhra Pradesh, UP and Maharashtra - had got almost 57% of the Rs 52,000 crore package meant for all 35 states...
More »Centre for easy credit to rural population-Urmi Goswami
-The Economic Times The Centre plans to make bank creditaccess easier for rural population, especially in states were poverty is high. In Uttar Pradesh, Madhya Pradesh, Rajasthan, Bihar, Jharkhand, Chhattisgarh, Maharashtra and Gujarat, the gap between credit available to self help groups and the demand for credit is stark. At present, 80 per cent of all bank support to SHGs is in Andhra Pradesh, Tamil Nadu, Karnataka and Kerala. In Uttar Pradesh, Madhya...
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