In an attempt to further subsidise short-term crop loan to farmers, the Union Cabinet on Friday approved release of Rs 4,868 crore to public sector banks. The decision will ensure that farmers, in general, receive short-term crop loan at 7% per annum (5% for prompt payers) with an upper limit of Rs 3 lakh on the principal amount during 2010-11. "The Union Cabinet today gave its approval for the release...
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After waiver, loans at 5% for farmers next on agenda by Mahendra Kumar Singh
At a time when agriculture production has become key to economic expansion, the Union Cabinet on Friday will consider a proposal to fulfill its promise of crop loans at a cheaper rate of 5% to farmers who make timely repayment. In the current year's budget, finance minister Pranab Mukherjee had proposed to give up to 2% interest rate subvention to farmers who do not default on their repayments, making the...
More »NABARD aid for paddy
The National Bank for Agriculture and Rural Development (NABARD) has decided to initiate steps to ensure better production of rice in Jharkhand through implementation of the system of rice intensification (SRI) in villages. It has decided to rope in NGOs for starting the project across the state. At present, the state has a paddy yield of about 1.5 tonne per hectare per season, which can be doubled with the help...
More »Providing low-cost healthcare to villages by Anupama Chandrasekaran
That hospital births curb mother and child deaths is probably a no brainer. Convincing expectant mothers to get admitted to a hospital is only part of the problem in India’s rural healthcare system. The other challenge is abysmal infrastructure: There is just one hospital bed for every 10,000 Indians living in villages and one in 10 primary health centres in rural areas stumble along without doctors. The result is a human tragedy....
More »Harnessing Potential of Rain-Fed Farming by Sant Bahadur
In India, of the total cultivated area of around 140.30 million hectares only 60.86 million is irrigated and remaining 79.44 million hectares is rain-fed. Rain-fed crops account for 48 percent area under food crops and 68 percent of the area under non-food crops. Irrigated land accounts for nearly 55 percent of food production while rain-fed contributes just about 45 percent. Rain-fed farming is risk prone and is characterized by low...
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