-The Hindu They are often detained for carrying their annual savings — Rs.5,000 to Rs.6,000 — to nearby banks. Kolkata: Deep inside the forested areas of Bastar in south Chhattisgarh, the Gond tribals are confronting a “new problem” besides the usual ones. They are often detained for carrying their annual savings — Rs.5,000 to Rs.6,000 — to nearby banks, which is commonly as far as 50 km from their villages. “We are suspected...
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Narendra Modi's crop insurance scheme has few takers -Sayantan Bera
-Livemint.com Only 23.6% of farmers enrolled for the scheme in 2016, against 22.2% in 2015 New Delhi: Despite setting an ambitious target to cover half of all farmers under crop insurance, the FIRst season rollout of the Pradhan Mantri Fasal Bima Yojana (PMFBY) has been tepid. According to the agriculture ministry, during the kharif 2016 season beginning June this year, 32.6 million farmers enrolled under PMFBY. While that is a 6.3% rise in...
More »Helping India's farmers embrace a cashless economy
-The Times of India NEW DELHI: The government has taken a slew of measures to ensure that cash requirements of farmers are not adversely impacted due to the demonetisation exercise, even as it has urged farmers to join the movement for cashless transactions in the ongoing sowing season. About 50 farmers did their FIRst cashless transaction at the event and bought seeds and fertilisers in the presence of Union ministers. Agriculture Minister Radha...
More »Demonetisation Alone Can't Turn Agricultural Markets Cashless -Nidhi Aggrawal and Sudha Narayanan
-TheWire.in A large chunk of India’s farmers continue to depend on commission agents and not formal institutions for credit, thereby relying on cash. It is now official. Demonetisation has led to an implosion of agricultural trade in the country. In the week following demonetisation, soyabean arrivals in select major states had collapsed by 87% relative to average arrivals over the week preceding demonetisation. The figures were 55% for paddy, 61% for guar,...
More »Goa will be FIRst state to go cashless from December 31
-The Times of India PANAJI: Goa is likely to become the FIRst state in India to go cashless from December 31, as people will be able to buy perishables such as fish, meat, vegetables or anything else at the press of a button on their mobile. There will be no need to carry your purse for purchases and the profession of pickpocketers may become extinct soon, as all transactions will be done...
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