Budget 2021-22: Agricultural Produce Marketing Committees (APMCs) to get access to Agriculture Infrastructure Fund

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In the Union Budget 2021-22, Finance Minister, Nirmala Sitharaman, announced that Agricultural Produce Marketing Committees (APMCs) will become eligible beneficiaries to utilize the 1 lakh crore financing facility under Agriculture Infrastructure Fund (AIF) to enhance infrastructure at regulated markets, commonly known as Mandis. APMCs are state controlled markets that are setup to provide market linkages to farmers. […]

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MSAMB and APEDA set up 18 clusters to push raisin and jaggery exports

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The Maharashtra State Agriculture Marketing Board (MSAMB) has called for a coordination meeting of various stakeholders including processors, exporters, suppliers, farmers to chalk out an action plan to encourage exports of raisin and jaggery from the state. The government of Maharashtra is planning to give an extra push to raisin and jaggery exports from the […]

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Under PM SVANidhi, loans to street vendors go up by 700% in 3 months

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PM SVANidhi, the micro-credit scheme by the Modi government, for micro or nano entrepreneurs such as street vendors has enabled disbursement of 11,80,589 loan applications involving Rs 1,160 crore, according to the data available on the scheme’s website. The scheme has already received over 30.68 lakh loan applications out of which more than 16.52 lakh […]

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NAFED to roll out its first Farmer Facilitation Centre (FFC) in Maharashtra

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The National Agricultural Cooperative Marketing Federation of India (NAFED) is all set to roll out its first farmer facilitation centre (FFC) for farmer producer companies (FPCs) in Maharashtra in the first week of January 2021. The facility is part of the initiative of NAFED to establish e-Kisan Mandis that would use the online model to […]

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Retail inflation benign in November; WPI inflation at 9-month high of 1.55%

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The prices of household items remained moderate in the month of November 2020. Consumer Price Index (CPI) inflation, also known as retail inflation, decreased from 7.61 per cent in October to 6.93 per cent in November, according to the Ministry of Statistics & Programme Implementation. The rise in food prices also moderated from 11 per […]

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Global food import bill may exceed last year’s level despite pandemic – FAO

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The global food import bill for this year is expected to remain close to last year’s level, and may even exceed it slightly due to higher prices of most food commodities in wake of the pandemic, the Food and Agriculture Organisation (FAO) said in a report.   World food markets are showing surprisingly strong resilience despite initial […]

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Indian government offers 50% subsidy for air transportation of fruits, vegetables from north east and Himalayan regions

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The Indian government has announced a scheme under which 50 per cent subsidy will be provided for air transportation of 41 notified fruits and vegetables from North East and Himalayan states to any place in the country. The Food Processing Industries Ministry said the transportation subsidy will be provided as part of the ‘Operation Green […]

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Rising food prices temporary, will be normal soon: DEA Secretary

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The current trend of increases food prices, particularly vegetables like onions and potatoes is  a temporary phenomenon, Economic Affairs Secretary Tarun Bajaj said. However, arrival of new crops and measures by the government to improve supply of essential commodities will soon put a stop to the skyrocketing prices, he added. Some commodities like onion, potatoes […]

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India’s high food inflation rate may start to ease in coming weeks

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Despite two successive record seasonal harvests, food inflation in India remains stubbornly high, prompting the government to announce this week that it will be soon importing certain vegetables. While the inflation rate is expected to ease in coming weeks, prices are unlikely to fall drastically any time soon. Retail inflation rose to 7.3% in September — […]

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Value addition of agricultural produce essential to raise export competitiveness, says APEDA chairman

Value addition and diversification are essential to increase export competitiveness and farmers’ income, Dr M Angamuthu, Chairman, APEDA, Ministry of Commerce and Industry, told a meeting organised by industry body FICCI. “Our farmers must get better farm income by doubling of exports. This is the right time to increase our productivity and diversify to value […]

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