-The Indian Express Credit, payment in old notes from grain commission agents ensures normal rabi planting operations. Jalandhar: Punjab Farmers have so far got only about Rs 19,350 crore, out of the Rs 24,915 crore that was due for the 16.50 million tonnes paddy they had supplied to government agencies in the recent kharif procurement season at the minimum support price (MSP) of Rs 1,510 per quintal. But even with pending payments of...
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Cash need not be king
-The Hindu The government has declared an incentive package to encourage non-cash payments for fuel, new insurance policies from public sector firms, train tickets and highway toll, among other things. For credit and debit card transactions up to Rs.2,000, the Reserve Bank of India has relaxed its stringent two-factor authentication requirement, and service tax stands waived. Taken together, these moves to encourage cashless payments are significant not just because they can...
More »Will note ban dry up informal loans in rural India? -Sayantan Bera
-Livemint.com Nearly 40% of loans taken by agricultural households come from informal sources, shows data New Delhi: Demonetisation of high value currency has impacted the rural and agriculture sectors in several ways. In the days following Prime Minister Narendra Modi announcing withdrawal of Rs500 and Rs1,000 notes, trade in wholesale markets took a hit due to the acute cash crunch and Farmers resorted to distress sales of perishables like fruits and vegetables....
More »More than 26% of Farmers covered under govt's crop insurance scheme
-The Financial Express More than 3.66 crore Farmers of the estimated 14 crore in the country were enrolled with the NDA government’s flagship Pradhan Mantri Fasal Bima Yojana (PMFBY) in the recently-concluded kharif season (2016-17) and overall coverage of crop insurance is set to surpass the target set for the year, an agriculture ministry statement on Wednesday stated. “As on date the scheme has provided coverage to 3.66 crore Farmers (26.50%) and...
More »26.5% Farmers sought coverage under PM's crop insurance scheme -Madhvi Sally
-The Economic Times NEW DELHI: The Pradhan Mantri Fasal Bima Yojana (PMFBY) launched during the 2016 kharif season to help Farmers insure their crops against natural calamities has provided coverage to 366.64 lakh Farmers (26.50%), the agriculture ministry has said. The ministry expects the scheme to exceed the target of 30% coverage for both kharif and rabi seasons in 2016-17. The scheme covers 388.62 lakh hectare with sum insured of Rs 1, 41,339...
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