-The Hindu Business Line A host of initiatives in the Budget should make the sector vibrant Budget 2022 seeks to double farmers’ income by building a robust system that enables easier access to finance, the marketplace and new-age technology. The government has allocated a sizeable amount for rural infrastructure development. This will help farmers get better access to the marketplace National Federation of State Co-operative Banks (NAFSCOB) data of 2019-20 shows that around...
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Farm loan waiver for COVID-19 victims in Karnataka
-The Hindu Chief Minister B.S. Yediyurappa will make the announcement soon, says Co-operation Minister S.T. Somashekar Bengaluru: Co-operation Minister S.T. Somashekar on July 14 said the government would soon announce a waiver of ₹79.47 crore in farm loans borrowed by 10,187 farmers in Karnataka who succumbed to COVID-19. Loans borrowed from apex, district credit cooperative banks and primary agricultural cooperative societies (PACS) would be waived. Chief Minister B.S. Yediyurappa would formally announce the...
More »Politics Behind The Creation Of Ministry Of Cooperation With Amit Shah In Driver’s Seat -Syed Khalique Ahmed
-IndiaTomorrow.net NEW DELHI: Many people were surprised when Union Home Minister Amit Shah was given the additional charge of the newly created Ministry of Cooperation. The Cooperation Ministry was earlier a part of the Ministry of Agriculture. But it was no amazement for those acquainted with how the cooperative movement plays a role in politics – state as well as national politics – and how BJP used the cooperatives from the state...
More »Bihar’s failing PACS system shows what could happen after the farm laws -Akhilesh Pandey
-CaravanMagazine.in In 2006, the Bihar government deregulated the agricultural sector, and largely removed government oversight over food grain procurement. Previously a majority of food grain procurement happened through the Agricultural Produce Market Committee, a marketing board run by the state government that would organise mandis—wholesale markets—where farmers could directly sell their produce to the Food Corporation of India or the State Farming Corporation at the established minimum support price. The MSP...
More »Bihar procurement at snail’s pace, farmers forced to sell paddy much below MSP -Santosh Singh
-The Indian Express Several farmers told The Indian Express that they had to sell their paddy for Rs 800-Rs 1,200 per quintal in open market, although the MSP is Rs 1,868 per quintal, as the procurement process is yet to begin in their areas. Patna: THE MAJORITY of farmers in Bihar, who have harvested their paddy crop this season, have no option but to sell their produce at rates much below the...
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