-The Indian Express Unseasonal rains are breaking the back of Indian farmers. The prime minister has taken the first step by deciding to raise the existing norms of compensation by a hefty 50 per cent - from the existing Rs 9,000 per hectare for irrigated crop, Rs 4,500 per ha for unirrigated crop and Rs 12,000 per ha for perennial crop. Further, the compensation will be given to all those who...
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The Centre asks Bankers to Restructure Crop Loans and Insurance
-Press Information Bureau/ Ministry of Agriculture The Central Government has asked State Level Bankers' Committees to facilitate timely restructuring of crop loans. With restructuring, the loan repayment period would be extended. The Home Ministry has also written to states to keep 10% of SDRF fund reserved for "local disasters" such as heavy rain which are to be declared at par with national disasters and use this money for distressed farmers. This...
More »Gadkari calls meet with states to review land Act -Ravish Tiwari
-The Indian Express The landmark Land Acquisition law made by the UPA government is being called for a review by the Centre. With concerns that the UPA's land acquisition law may lead to procedural delay persisting, the NDA government has decided to formally "review" the implementation-related issues of the law in consultation with the state governments. Union minister Nitin Gadkari, who holds addition charge of the Rural Development Ministry, has called a meeting...
More »Hedging farming
-The Business Standard Badly structured insurance leaves Indian farmers exposed Ever since its inception in the early 1970s, agricultural insurance has defied all attempts to make it farmer-friendly and economically viable. Over half a dozen different models for farm risk management have been tried out, but with little success. The systems currently used - the National Agricultural Insurance Scheme (NAIS) and the Modified NAIS (MNAIS) - were objected to by the Insurance...
More »Crop insurance to cover monsoon failure-Syed Muthahar Saqaf
-The Hindu Modified scheme benefits tenants and covers all food grain PUDUKOTTAI (Tiruchirapalli): Crop insurance scheme is being implemented as modified national agricultural insurance scheme in all the 13 blocks in Pudukottai district during 2013-14 based on the administrative sanction accorded by the Centre and approval by the State government. Under the scheme, weather-based crop insurance scheme and coconut palm insurance scheme are implemented at revenue-village-level for losses suffered due to nature's fury....
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