In Maharashtra the non performing asset (NPA) improved with an increased credit score of the farmers, after the Maharashtra Government announced a loan waiver scheme. Amid COVID-19 pandemic, agriculture was the only sector to show highest growth. As per bankers and agriculture, finance experts, State witnessed both short and long term finances were increased by the banks. Notably, in 2020 NPA reduced to 18% with outstanding Rs 1.30 lakh.… read-more
Courtesy: The Indian Express
PM Narendra Modi on February 19, flagged off 100 Kisan Drones, taking the agriculture sector to a modern era. During the virtual inauguration, Modi said, "This is an example of how the country will fly if the policies are right". He emphasised on the new chapter of modern facilities in agriculture sector, the launch of drones for farmers, helping to transport produces like vegetables, fruits and others.
Courtesy: One India
Home Minister Amit Shah on September 25 revealed that the Centre is planning to revolutionize the Agrarian economy by expanding the number of primary agriculture cooperatives upto 3 Lakhs. “We will work with all states to take forward the cooperative movement," said Shah during a meeting at the Talkatora Stadium. The meeting had an audience of 2,100 cooperative representatives and around 6 crore people connected virtually.
Courtesy: The Times Of India
The Centre is planning to promote ‘One District-One Product’ policy at the NITI Aayog’s governing council meeting on February 20. Aimed to promote exports at district level and ensure state’s participation, the government will identify exportable products in districts through this scheme. Moreover, it eyes to create a competitive market asking states to create an ‘Export Preparedness Index’ at the district level. Reportedly, Uttar Pradesh and… read-more
Courtesy: The print
Reserve Bank of India on September 4 released updated Priority Sector Lending (PSL) guidelines to broaden the area of beneficiaries, for better credit penetration. The statement included new categories which are worth getting loans of Rs 50 crore, including the agriculture sector. Besides, the credit limit is doubled for developing the health infrastructure of the country. RBI said that the revised… read-more