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26.5% farmers sought coverage under PM's crop insurance scheme

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 crore. The scheme was recast as a new scheme by the government since two existing insurance schemes were not meeting the full requirements of farmers for insurance coverage, the ministry said in...

Last Updated: Wednesday, 7th December, 2016 10:56 AM Visits 108

Punjab: Sowing over, 3 lakh tonnes of potato seed

Though potato sowing season is over in all the key potato growing states across the country, over 3 lakh tonnes of potato seed worth around Rs 900 crore are still lying in over 500 cold stores of Punjab, which is the only producer of seed. Potato growers say there are no buyers and that they are yet to receive full payments even for the stocks they have already supplied to other states before and after the demonetisation. Also, they say, the government announcement allowing farmers to purchase seed with old currency notes came quite late when the potato sowing season in...

Last Updated: Friday, 2nd December, 2016 10:57 AM Visits 132

Centre adds 42 new seed varieties to Organisation for Economic Co-operation and Development list

HYDERABAD: In a bid to boost export of seeds, the union government has added 42 new seed varieties to the Organisation for Economic Co-operation and Development (OECD) list after receiving recommendations from the industry taking the total number of registered varieties to 190 and 24 crops, said a top official of union ministry of agriculture.   OECD is a group of 35 countries which has set up standards for seed development and the same can be traded among the member countries.   Rajesh Kumar Singh, joint secretary with the Ministry of Agriculture and Farmers Welfare, said, "We have accepted the recommendation of adding...

Last Updated: Wednesday, 30th November, 2016 10:56 AM Visits 193

Millets are good, no doubt, but they needn't be miracle food

BENGALURU: Everybody nowadays seems to love millets. Nutritionists, environmentalists and the government are promoting them in a big way .The hardy grains are dubbed as the miracle food that will solve our health issues, and not to forget, our water woes. And their popularity in Bengaluru is increasing rapidly . But there is a problem: experts say that as much as there is praise for their good properties, there is misinformation.   Nutritionist and food blogger Dr Nandita Iyer recently released a series of articles and videos on millets detailing how to use them the right way . Similarly , many organic...

Last Updated: Wednesday, 30th November, 2016 10:56 AM Visits 117

PAU 3.26cr farmers enroll for crop insurance in 2016 kharif season

NEW DELHI: About 326 lakh farmers have been covered under the new crop insurance scheme for a sum insured of Rs 1.37 lakh crore during the 2016 kharif sowing season, government said today.   "As per tentative data available, during kharif 2016 about 326 lakh farmers have been insured covering an area of 380 lakh hectare for sum insured of Rs 1,37,535 crore as compared to 309 lakh farmers during kharif 2015 season covering an area of 339 lakh hectare for sum insured of Rs 69,307 crore," Agriculture Minister Radha Mohan Singh said in Lok Sabha.   He said there is an increase...

Last Updated: Tuesday, 29th November, 2016 10:55 AM Visits 86

Demonetisation: Farmers can withdraw Rs 25,000

They need the cash because they are harvesting one crop and preparing to plant the next. What they need the money for: Source: The ET...

Last Updated: Friday, 18th November, 2016 05:47 PM Visits 122

Government announces measures to ease cash crunch for farmers

NEW DELHI: With cash crunch following demonetisation impacting agri sector, the government today eased guidelines for farmers by allowing them to withdraw up to Rs 50,000 cash per week from bank.   Besides, it has also extended the deadline for payment of crop insurance premium by 15 days and permitted APMC-registered traders to withdraw up to Rs 50,000 per week.   This steps will ensure that sowing takes place adequately in the Rabi season and enough cash is available to the farmers to buy fertiliser, seeds and other inputs, Economic Affairs Secretary Shaktikanta Das told reporters here.   "The government has decided to permit...

Last Updated: Thursday, 17th November, 2016 05:45 PM Visits 110

Green signal for farmers: Rabi crops see spike in support price

NEW DELHI: The government has announced a big increase in support prices for most rabi crops and given a strong signal to plant more oilseeds and pulses for which official agencies will pay 10- 16% higher rates than last year, a move officials said would boost farm incomes significantly.   It also approved an increase of 6.6% in support price for wheat, which is higher than last year’s increase of 5.2%. It raised the price of lentil (masur) by 16.2%, against 8% last year, to encourage higher sowing of the crop after a year of scarcity and soaring prices.   This will reduce...

Last Updated: Wednesday, 16th November, 2016 05:44 PM Visits 223