Want to know what is going on in the agricultural sector of India? Here’s a round-up of the top 10 news.
1. ₹17,409 Crore Support For Cotton Procurement
The government has approved ₹17,408.85 Crore funding to the Cotton Corporation of India (CCI). It will be primarily utilized for repayment of bank loans taken by the state-owned firm for the procurement of cotton during the previous seven marketing years.
Briefing media on the Cabinet decisions, I&B Minister Anurag Thakur said the CCI and authorized agencies procured significant quantities of cotton in 2019-20 and 2020-21. Read more here.
2. Govt. Buys Over 209 Lakh Tonnes Paddy
The government said it has procured 209.52 lakh tonnes of paddy so far for the current Kharif marketing season. As a result, 11.57 lakh farmers are going to be benefitted from an MSP value of over ₹41,066.80 crores.
The Kharif marketing season (KMS) 2021-22 runs from October to September. The procurement has been made from Chandigarh, Gujarat, Haryana, Himachal Pradesh, Jammu and Kashmir, Punjab, Uttar Pradesh, Uttarakhand, Telangana, Rajasthan, Kerala, Tamil Nadu, and Bihar. Read more here.
3. Upward Trend In Sugar Sector Avert Agitation Over Cane Price
Sugar sector has seen an rising trend which has helped avert an agitation over cane price in Maharashtra allowing millers to start the crushing season on time. Earlier, Maharashtra had suggested changes to the Sugarcane Control Order to make FRP payment in three installments.
However, various farmers’ organizations had been opposing the move. With expectations of a continued bullish trend in sugar prices in 2021-22, millers are keen on producing more sugar by fetching more sugarcane from farmers. Read more here.
4. Centre Holds Consultations To Digitalize PACs
The Centre held a virtual consultation with 32 states and Union territories on a new central scheme to modernize and digitalize over 97,000 Primary Agriculture Cooperative Societies (PACs).
PACs, commonly known as agri-cooperative credit societies, are village-level lending institutions that provide short- and medium-term loans to rural people. There are about 97,961 PACs across the country, out of which viable ones are about 65,000. Read more here.
5. ‘Kumkum Bhindi’ Is UP’s New Wonder Crop
When ladyfinger goes ‘red’, it becomes more beneficial and nutritious. The new red variety of ladyfinger, aptly known as ‘Kumkum Bhindi’, is the new wonder crop grown in Uttar Pradesh. It is said that due to high nutritional value, which can also contribute to double farmers’ income.
With 66% of sodium content , this variety is helpful in controlling high blood pressure, while 21% of iron present in it can reduce the chances of anemia in its consumer. Read more here.
6. Venkaiah Naidu Emphasized On Promoting FPOs
Vice President M Venkaiah Naidu said the agriculture sector in India is characterized by small and marginal farmers, and there is a need to increase their income.
Addressing the convocation of Dr. Rajendra Prasad Central Agricultural University, Pusa, he said it should be ensured that the sector is given all the support it needs for development and sustenance. For this, he emphasized promoting FPOs through handholding and capacity building. Read more here.
7. Nutrition Smart Villages To Reinforce India’s Campaign Against Malnutrition
As part of Azadi Ka Amrit Mahotsav, to commemorate the 75th year of Independence of India a program called “Nutrition Smart Village” will be initiated. This new initiative aims to reach out to 75 villages across India through the network of All India Coordinated Research Project on Women in Agriculture (AICRP-WIA).
The objectives of the initiative are to promote nutritional awareness and overcome malnutrition in rural areas and implement nutrition-sensitive agriculture through homestead agriculture and Nutri-garden. Read more here.
8. Ethanol Prices Hiked To Benefit Sugarcane Farmers
The government increased the price of ethanol derived from sugarcane for blending in petrol by up to ₹1.47 per litre. Increased ethanol blending in petrol would help India reduce its oil import cost while also benefiting sugar cane producers and millers.
Prime Minister Narendra Modi’s Cabinet Committee on Economic Affairs (CCEA) has approved a higher price for ethanol made under the Ethanol Blended Petrol (EBP) Program for the Ethanol Supply Year (ESY) 2021-22. Read more here.
9. Gujarat To Procure Groundnuts At MSPs
The Gujarat government has begun the acquisition of groundnuts for the current Kharif season at minimum support price (MSP) levels. This will come as a relief for farmers after the recent news of private agents buying crops at prices below MSP.
The purchase will take place across the state through 155 procurement centers. All registered farmers will be able to sell up to 25 quintals of their produce. Read more here.
10. ChargeERP In The Process Of Making Their Platform User-Centric
After modifying ‘Dashboard’ and adding a new ‘Inventory’ module, ChargeERP has now made changes in their existing ‘Crate Analysis’ tab. Being the easiest, fastest, and most secure mandi accounting software from Bijak, ChargeERP has now addressed mandi businesses who need to maintain a ledger of crates.
This includes the crates issued and received from the specific account of the customer or supplier. They have renamed the existing ‘Crate Ledger’ tab as ‘Crate Balance’ and a new tab called ‘Crate Ledger’ has been added.