Page 2 - Agricultural Sector

India needs 5% agri growth yearly to become developed by 2047: Chouhan

Agriculture Minister Shivraj Singh Chouhan on Tuesday said India requires a five per cent annual growth rate in agriculture and allied sectors to become a developed nation by 2047. Chouhan highlighted that foodgrain is grown on 93 per cent of farmland, but the growth is just 1.5 per cent. "We are working towards bridging the yield gap in crops and achieving a national average yield... If we have to make India a developed nation by 2047, agriculture and allied sectors have to grow at 5 per cent annually," he said. He was speaking at a press conference on the sidelines of the annual conference of Vice Chancellors of Agricultural Universities and Directors of ICAR Institutes. The minister expressed confidence that the five per cent annual growth rate is achievable, emphasising that various agricultural institutes play a key role in this endeavour. "Research plays a very important role in increasing agricultural production and reducing costs. Our target is to maintain an annual ...

Kaleidofin raises $5.3 million from IDH Farmfit to grow agri-lending

The latest funding brings Kaleidofin's total equity round to $19 million and aims to expand access to financial services for smallholder farmers and agri value chains

Centre procures 340K tonnes of tur so far under price support scheme

The government has procured 3,40,000 tonnes of tur (pigeon pea) so far this year under the Price Support Scheme (PSS), according to agriculture ministry data. Tur procurement is being undertaken at a minimum support price (MSP) under the scheme. The ministry has sanctioned 13.22 lakh tonnes of tur procurement from nine states. The government aims to maintain a buffer stock of 10 lakh tonnes of tur to release in the open market to check prices. According to ministry data, tur procurement has reached 3,40,000 tonnes as on April 13. Karnataka has contributed the largest share of procurement at 1,30,000 tonnes, with farmers there receiving a state bonus of Rs 450 per quintal above the MSP of Rs 7,550 per quintal. Other contributing states include Andhra Pradesh, Chhattisgarh, Gujarat, Haryana, Madhya Pradesh, Maharashtra, Telangana and Uttar Pradesh. The government has also procured 17,000 tonnes of chana (gram) primarily from Telangana and Madhya Pradesh. Despite approval for 27 la

Trade shutdown in Rajasthan deferred to March 23 by commodity traders

On February 22, crops, mainly wheat and mustard, in some regions, including Alwar, Bharatpur and Churu, were damaged due to rains and hailstorm

Budget 2025: 10 million farmers to benefit from new 'Dhan Dhanya' scheme

Finance Minister Nirmala Sitharaman announced the 'Dhan Dhyan Krishi Yojana' in Budget 2025, aiming to boost crop yields, credit access, and benefit over 10 million farmers nationwide

Sebi extends futures trading ban on seven agri-commodities till March 31

In December 2021, SEBI first announced the suspension of derivatives trading for five commodities/commodity groups

Hybrid crop tech key to small farmers' growth, food security: PK Mishra

Hybrid crop technology can play a crucial role to address the unique challenges faced by the agricultural sector, particularly in supporting small-holding farmers who comprise 88 per cent of the agricultural workforce, helping India become a developed nation by 2047, Principal Secretary to Prime Minister PK Mishra said on Wednesday. Despite agriculture's share in GDP declining from 42 per cent in 1977 to 18 per cent in 2023-24, the sector remains critical for inclusive growth with 46 per cent of India's workforce still dependent on it, compared to 70 per cent in 1977. "For becoming a developed country, we need to have not only higher rate of economic growth but the growth should be inclusive and sustainable," Mishra said addressing a national symposium organised by Trust for Advancement of Agricultural Sciences (TAAS) here. "The agriculture sector plays an important role in making growth inclusive and equitable." India's agricultural growth has shown remarkable acceleration, reach

Shivraj Singh Chouhan accuses Atishi govt of blocking farm schemes

Union Agriculture Minister Shivraj Singh Chouhan on Thursday accused the Delhi government of depriving farmers of benefits under central schemes and urged Chief Minister Atishi to keep political differences aside in matters of farmer welfare. In a letter to Atishi, Chouhan said the AAP government has failed to implement major central initiatives including the Integrated Horticulture Development Mission, Rashtriya Krishi Vikas Yojana, and the Beej Gram programme. "I am writing this letter in sadness. You have never taken proper decisions in the interest of farmers. Your government has stopped implementation of farmers-friendly central schemes. Your government is not sympathetic towards farmers. Today, farmers in Delhi are upset and worried," Chouhan said in the letter dated January 1. Due to the non-implementation of multiple central schemes, Delhi's farmers are being denied crucial benefits ranging from seed distribution to infrastructure development, he said. The Union minister sa

Centre to launch revised standards for organic agricultural products

India's export of organic products is regulated under the NPOP, which has been in effect since 2001 and is administered by the Department of Commerce, Ministry of Commerce and Industry

Govt launches 10k agri cooperatives, aims for 200k target in 5 yrs: Shah

Cooperation Minister Amit Shah launched 10,000 new multi-purpose Primary Agricultural Cooperative Societies (PACS) on Wednesday and asserted that the government will achieve its target of establishing 2 lakh such societies before the five-year timeline. Addressing the launch event, Shah said prosperity through cooperation cannot be achieved unless cooperatives function effectively at the panchayat level. "We have kept a target of setting up 2 lakh PACS in five years. I want to tell you that we will establish 2 lakh PACS before five years. In three months, we established 10,000 new PACS," the minister said. The initiative will be rolled out in two phases, with NABARD establishing 32,750 new M-PACS in the first phase, while NDDB will set up 56,500 dairy cooperatives and NFDB 6,000 fishery cooperatives. In the second phase, NABARD will create 45,000 M-PACS, NDDB will establish 46,000 dairy cooperatives and NFDB 5,500 fishery cooperatives. State governments will form about 25,000 new .

Best Agrolife share price gains 4% on bagging patent from OAPI for 20 years

The rally in Best Agrolife share price came after the company revealed that it has been has been granted a patent by OAPI for 20 years

Govt approves Rs 35,000 cr for 'PM Annadata Aay Sanrakshan Abhiyan'

The government on Wednesday approved Rs 35,000 crore for PM Annadata Aay Sanrakshan Abhiyan (PM-AASHA) with an aim to provide remunerative price to farmers as well as stabilisation of market price for consumers. The decision was taken at the Union Cabinet meeting chaired by Prime Minister Narendra Modi, informed Union Minister Ashwini Vaishnaw. Giving details, the minister said the scheme is aimed at protecting farmers from distress sale during peak harvesting time. It will promote self-sufficiency in the production of pulses, oilseeds and other essential agri-horticulture commodities, increase farmers income and protect consumers' interest.

Manufacturing output to jump 9% if more women join workforce: World Bank

The report said that in all South Asian countries, output gains from closing the gender gap in labour force participation would be driven by the manufacturing sector, followed by the services sector

Sowing area swells to 109.23 mn hectares but floods pose risk to yields

As of September 6, improved monsoon rainfall has boosted Kharif sowing to 109.23 million hectares, the data released by the Centre showed

Union govt urges states to adopt new tech initiatives for better farm data

Agriculture Secretary Devesh Chaturvedi on Thursday urged states to swiftly adopt and implement new technology-driven initiatives to improve farm production estimates and enhance data accuracy. Addressing a national conference here, Chaturvedi emphasised the need for continuous collaboration between the central and state governments to enhance the quality of agricultural statistics, an official statement said. The new initiatives include the Digital Crop Survey, Digital General Crop Estimation Survey (DGCES), and the revamped FASAL (Forecasting Agricultural Output using Space, Agro-meteorology, and Land-based Observations) programme. The Digital Crop Survey is designed to provide plot-level data with geotagged areas of crops, serving as a single source of truth for accurate crop area estimation. DGCES aims to calculate yield based on scientifically designed Crop Cutting Experiments for all major crops across the country. The revamped FASAL programme leverages remote sensing techno

Govt launches satellite-based agricultural decision support system

The government on Friday launched a satellite-based agricultural decision support system to provide farmers with critical data for crop management and productivity enhancement. Minister of State for Agriculture Bhagirath Choudhary unveiled the Krishi-Decision Support System (Krishi-DSS), a geospatial platform that will offer real-time information on crop conditions, weather patterns, water resources, and soil health. "This platform is a new milestone for farmers amid growing climate challenges," Choudhary said at the launch event. Krishi-DSS, developed using technology similar to the government's Gati Shakti initiative, will utilize satellite imagery to deliver early warnings about potential disasters such as pest attacks and extreme weather events. The system will aid in crop mapping, monitoring, and promoting crop rotation and diversification. It will provide data on crop patterns across regions and track crop conditions throughout various growth stages. Agriculture Secretary De

PM Modi says govt is making efforts to improve the lives of farmers

Agriculture Minister Shivraj Singh Chouhan says Centre will launch first interactive radio show for farmers, likely from September

Assam, Arunachal, Himachal, TN face grave climate risk to rice productivity

The states at yield risk till a few years back accounted for less than 20 per cent of India's annual rice production

Climate adaptation

India must invest in agricultural research

UPA govt refused to provide 50% profit on cost to farmers: Agri minister

Agriculture Minister Shivraj Singh Chouhan on Tuesday said the previous UPA government had refused to provide 50 per cent profit on cost to farmers in the minimum support price for crops, as based on the formula suggested by the M S Swaminathan Commission. During the Question Hour in the Lok Sabha, Congress MP Deepender Hooda asked a supplementary question related to the farmers' protests of 2020-21 and said around 750 farmers lost their lives during the agitation. He asked if the government is considering providing jobs to the next of kin of those who lost their lives during the year-long protests at Delhi's borders against three contentious farm laws of the Centre that have since been repealed. Chouhan said the question was not related to the main question, which was on issues faced by farmers. "The government is totally committed to farmers' welfare," he said. The agriculture minister alleged that the Congress-led United Progressive Alliance (UPA) government had refused to ...