Top 10 Banks Funding India's Agricultural Growth

07-May-2024 - 0 Comments.

As India's agricultural sector undergoes a revolution, banks are emerging as key partners in its growth story. This report delves into the top 10 banks actively investing in the Indian agricultural sector, exploring their unique initiatives and highlighting the overall impact on farmers and the agricultural ecosystem.

Top 10 Global Banks Funding the Agricultural Revolution

27-Apr-2024 - 0 Comments.

As the world grapples with issues like food security and climate change, agriculture is undergoing a critical transformation. This report sheds light on the top 10 global banks actively funding the agricultural space, exploring their market capitalizations, annual turnovers, and unique initiatives in this sector.

Kerala minister Chinchurani gives away dairy awards

11-Mar-2024 - 0 Comments.

Minister for Animal Husbandry and Dairy Development Mrs J Chinchurani today gave away the awards for the Best Dairy Cooperative Societies and Best Dairy Farmers, instituted by Thiruvananthapuram Regional Co-operative Milk Producers Union (TRCMPU) of Milma, here.

Amul launches Sagar skimmed milk across India

17-Jan-2024 - 0 Comments.

Gujarat Cooperative Milk Marketing Federation Ltd. (GCMMF), the largest food products organization responsible for marketing of Amul and Sagar brand, announced the launch of Sagar Skimmed Milk across India.

Kerala Milk federation ties up with Lulu Group, to sell products in Middle East

07-Nov-2023 - 0 Comments.

Kerala Cooperative Milk Marketing Federation (KCMMF), known by its brand name Milma, signed an agreement with Lulu Group today for the sale of its dairy products through the retail major’s vast network of hypermarkets and malls in the Middle East.

Milma’s TRCMPU adopts INR 2853 Cr budget

17-Oct-2023 - 0 Comments.

The annual general body meeting of Thiruvananthapuram Regional Cooperative Milk Producers Union (TRCMPU) of  Milma, held recently earmarked INR 2 crores to offset the interest on the loans availed by dairy farmers in four southern districts for setting up farms and purchase of milch animals.

Valamjibhai Humbal appointed as Board Member of National Cooperative Organics Limited

27-Jul-2023 - 0 Comments.

Valamjibhai Humbal, Vice Chairman of Gujarat Cooperative Milk Marketing Federation Limited (AMUL), has been appointed as a board member of the newly formed National Cooperative Organics Limited (NCOL).

Kerala Milk Federation launches ‘Repositioning Milma 2023’ initiative

19-Apr-2023 - 0 Comments.

Kerala Chief Minister Pinarayi Vijayan today launched an ambitious rebranding initiative of the cooperative dairy major Milma focusing on the image makeover of the brand by bringing uniformity in packaging, design and products quality to meet the challenges from domestic and global competitors while reinforcing its position as the market leader.

National Milk Day: Public can view processes at Milma’s TVM dairy

22-Nov-2022 - 0 Comments.

Trivandrum Regional Cooperative Milk Producers Union (TRCMPU) of Milma has made arrangements for the public to view various processes at its Thiruvananthapuram Dairy in the city on November 25 and 26 as part of the National Milk Day celebrations.

TRCMPU of Milma launches silage distribution programme

31-Oct-2022 - 0 Comments.

As part of the various initiatives to make the state self-sufficient in milk production, the Thiruvananthapuram Regional Cooperative Milk Producers Union of Milma (TRCMPU-Milma) launched the silage distribution project, known as ‘Haritham,’ that will keep cattle in good health and lead to higher milk production.

Cropin floats revolutionary agritech cloud platform

29-Sep-2022 - 0 Comments.

The Cropin Cloud, developed by Bengaluru-based agritech company Cropin, is an agriculture intelligence cloud that can provide data generated over the course of more than ten years and assist farmers and those involved in agribusinesses, such as suppliers, banks, and insurers, in achieving higher crop yield and quality.

ThriveAgric secures USD 56m in debt funding for business expansion in African market

24-Mar-2022 - 0 Comments.

ThriveAgric, an Abuja, Nigeria-based agtech company, raised USD 56.4m in debt funding. Investors included local commercial banks and institutional investors. The USAID-funded West Africa Trade and Investment provided USD 1.75m as a co-investment grant.

NABARD permits MSC Bank to refinance PACCs

28-Feb-2022 - 0 Comments.

In a major development, NABARD has given permission to Maharashtra State Cooperative (MSC) Bank to give short-term refinance to the Primary Agriculture Credit Cooperative Societies (PACCs), connected with those DCCBs which are weak or not in a position to give finance to them.

Milma Chairman KS Mani elected director of NCDFI

24-Feb-2022 - 0 Comments.

K S Mani, Chairman, Kerala Co-operative Milk Marketing Federation (KCMMF), known popularly by its brand name Milma, has been elected to the Board of Directors of the National Cooperative Dairy Federation of India (NCDFI), the apex body of dairy and edible oil cooperatives in the country.

National Level conference on beekeeping held

03-Feb-2022 - 0 Comments.

National Bee Board (NBB) organized a National Conference on Beekeeping Sector in collaboration with National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED), Tribal Cooperative Marketing Development Federation of India Limited (TRIFED) & National Dairy Development Board (NDDB) on 24 January 2022.

Financing sustainable agriculture key to address climate change vulnerability: CFA Institute report

25-Nov-2021 - 0 Comments.

CFA Institute, the global association of investment professionals, has called for a concerted effort from Indian Banks, Venture capital (VC) investors, multilateral development institutions, and Indian policymakers, towards catalysing private capital for sustainable agriculture.

Amendments to co-op Act; leadership changes in dairy sector inevitable, says Bhasurangan

17-Nov-2021 - 0 Comments.

The Thiruvananthapuram Regional Cooperative Milk Producers’ Union (TRCMPU) has scheduled a general body meeting on December 9 to effect changes to bylaws as mandated by the recent amendment to the Kerala Co-operative Societies Act, and set in motion the process of electing the new board of directors.

Dr U S Awasthi of IFFCO & Dr Deepak Shah of Sulphur Mills awarded ABSA Lifetime Achievement Awards

08-Aug-2021 - 0 Comments.

Dr U.S Awasthi, MD of IFFCO, the world's largest pesticides cooperative and Dr Deepak Shah, CMD of Sulphur Mills who is known as the Sulphur Man of India will be honoured with "ABSA Lifetime Achievement Awards for the years 2020 and 2021".

Bel Brands announces partnership with Dairy Farmers Of America to pilot sustainable milk cooling program

05-Aug-2021 - 0 Comments.

Bel Brands USA is pleased to announce a new program in partnership with Dairy Farmers of America (DFA) a national dairy cooperative of farm families to implement and measure sustainable cooling practices designed to reduce greenhouse gas (GHG) emissions by cutting on-farm energy usage.

APEDA signs MoU with NAFED to strengthen export linkage of Farmer Cooperatives, FPOs

13-Jul-2021 - 0 Comments.

The Agricultural and Processed Food Products Export Development Authority (APEDA) signed a Memorandum of Understanding (MoU) with the National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) to harness the exports potential of agricultural and processed food products of cooperatives as well Farmer Producer Organizations (FPOs).

Amul increase price of fresh milk by INR 2 per liter from July 1

30-Jun-2021 - 0 Comments.

The Gujarat Cooperative Milk Marketing Federation (GCMMF), marketer of milk and milk products under the brand name of Amul, has decided to revise the milk prices by INR 2 per litre in markets of Ahmedabad and Saurashtra of Gujarat and Delhi NCR with effective from 1 July 21.

Kerala farmers can access 6.4% agri specific short term loan

21-Jun-2021 - 0 Comments.

The Ministry of Agriculture has come up with a short-term credit scheme for farmers who require funds to complete pending agricultural activities. All primary cooperative credit societies and the Kerala Gramin Bank will extend the loan support. The scheme is likely to be introduced by next week.

Amul's RS Sodhi elected as MD at International Dairy Federation

03-Jun-2021 - 0 Comments.

The International Dairy Federation (IDF) unanimously elected R S Sodhi, managing director, Gujarat Cooperative Milk Marketing Federation Ltd (GCMMF) that sells Amul branded products in India, to its board during the general assembly held on 1 June, according to media reports.

National Cooperative Development Corporation, NAFSCOB join hands for capacity development of cooperative banks

17-May-2021 - 0 Comments.

To give further boost to the MoU between National Cooperative Development Corporation (NCDC) and National Federation of State Cooperative Banks Ltd (NAFSCOB), the dedicated training academy for cooperatives, the Laxmanrao Inamdar National Academy for Cooperative Research and Development (LINAC) launched a five-day online training programme on Project Formulation and Appraisal Techniques.

National Cooperative Development Corporation secures INR 600 loan from Deustsche Bank

17-Apr-2021 - 0 Comments.

The National Cooperative Development Corporation (NCDC) has secured Euro 68.87 million (Rs 600 cr) loan from Deutsche Bank, Germany’s largest bank, for onward lending to cooperatives in the country.

ICAR Institutes, KVKs to expedite the setting-up of Farmers Producers Organizations

09-Mar-2021 - 0 Comments.

The Indian Council of Agricultural Research’s Institutions (ICAR) along with the Krishi Vigyan Kendras (KVK) and National Cooperative Development Corporation (NCDC) jointly organized a Webshop to discuss about the strategies for speeding-up and setting-up of Farmers’ Producers’ Organizations (FPOs) in 116 blocks in the country under the recently launched Central Scheme.

Agriculture Minister inaugurates honey farmer producer organizations by NAFED

03-Dec-2020 - 0 Comments.

The Honey FPO Programme of National Agricultural Cooperative Marketing Federation of India Limited. (NAFED) was inaugurated by Minister of Agriculture and Farmers’ Welfare Shri Narendra Singh Tomar on 26 November 2020.

Parshottam Rupala launches INR 10,000 crore NCDC Ayushman Sahakar Fund

20-Oct-2020 - 0 Comments.

Indian minister of State for Agriculture Parshottam Rupala today launched AYUSHMAN SAHAKAR, a unique scheme to assist cooperatives play an important role in creation of healthcare infrastructure in the country formulated by the apex autonomous development finance institution under the Ministry of Agriculture and Farmers Welfare, the National Cooperative Development Corporation (NCDC).

NCDC sanctions INR 19444 Cr for MSP operations support to States during Kharif season 2020-21

28-Sep-2020 - 0 Comments.

National Cooperative Development Corporation (NCDC), the apex financing organization of the agriculture ministry has sanctioned as the first installment, funds amounting to INR 19444 crores to the states of Chhattisgarh, Haryana, and Telangana for Kharif paddy procurement under Minimum Support Price (MSP) operations.

Tomar launches the Sahakar Coop tube NCDC Channel

05-Aug-2020 - 0 Comments.

Indian agriculture & farmers’ welfare minister Narendra Singh Tomar launched the Sahakar Cooptube NCDC Channel, a new initiative by National Cooperative Development Corporation (NCDC).

IFFCO registers highest ever net profit of INR 1005 Cr during 2019-20 FY

19-Jul-2020 - 0 Comments.

World’s largest fertilizer cooperative IFFCO has recorded highest ever net profit after tax (PAT) at INR 1005 crore for 2019-20 financial year ended 31 March 2020.

Tomar launches internship programme of National Cooperative Development Corporation

14-Jun-2020 - 0 Comments.

In keeping with Prime Minister Narendra Modi’s clarion call for Atma Nirbhar Bharat (Self Reliant India), Sahakar Mitra: Scheme on Internship Programme (SIP) was launched recently Indian agriculture & farmers’ welfare Narendra Singh Tomar.

Cabinet approves short term loans repayment for agriculture, allied activities till August 31

01-Jun-2020 - 0 Comments.

The Union Cabinet chaired by the Prime Minister, Narendra Modi has given its approval to extend repayment date up to 31 August 2020 for Standard Short-Term loans up to INR 3 lakh advanced for agriculture and allied activities by banks.

Govt agencies buys 133,987 tonnes of pulses, 29,264 tonnes of oilseeds directly from farmers

21-Apr-2020 - 0 Comments.

Reaching out to farmers amidst COVID19 crisis, central government agency, Food Corporation of India (FCI) and National Agricultural Cooperative Marketing Federation of India (NAFED) have started procuring pulses, oilseeds directly from the farmers at the minimum support price.

India gives benefits to farmers on crop loan repayments due to Covid-19 lockdown

31-Mar-2020 - 0 Comments.

In the wake of lockdown due to ongoing Covid-19 pandemic, the Government has extended the benefit of 2% Interest Subvention (IS) to Banks and 3% Prompt Repayment Incentive (PRI) to all farmers up to 31st May, 2020 for all crop loans up to Rs.3 lakh

Launch of NCDC model for cooperatives can bring financial inclusion of farmers in remote villages

10-Jan-2019 - 0 Comments.

Indian Minister of Agriculture and Farmers’ Welfare Radha Mohan Singh has said that National Council for Cooperative Training (NCCT) besides being responsible for training, awareness and evaluation programmes of employees working in the cooperative sector also facilitates the same for other stakeholders in the cooperative sector in the country

Mariculture Policy: Traditional Fishermen to be Given Priority

19-Dec-2018 - 0 Comments.

A stakeholder meeting held at the Central Marine Fisheries Research Institute (CMFRI) on Saturday here has decided to take steps to address the concern of fishermen towards the draft national mariculture policy. As part of this, the draft will be incorporated so as to enable traditional fishermen and their cooperative societies obtaining priority while Mariculture Zones are demarcated in the sea for various mariculture activities

IISS: MPEDA, Switzerland's COOP tie up to boost organic aqua farming in India

28-Jan-2018 - 0 Comments.

In a first-of-its-kind tie-up in India’s marine sector, COOP Cooperative, one of Switzerland's biggest retail and wholesale companies, is partnering the Government of India's Marine Products Export Development Authority (MPEDA) to develop export-oriented organic aqua farming in India to cater to the growing demand for organic seafood products across the EU.

Cabinet approves interest waiver of two months for farmers on crop loans from Cooperative Banks

27-Jan-2017 - 0 Comments.

The Union Cabinet chaired by the Indian Prime Minister, Narendra Modi has given its ex-post facto approval for interest waiver for the two months of November and December, 2016 for farmers accessing short term crop loans from Cooperative Banks.

Government ask Amul to open bank accounts of every milk producers by Jan 2017

27-Dec-2016 - 0 Comments.

In order to bring all dairy farmers in the banking channel, central government has asked the Gujarat Cooperative Milk Marketing Federation Ltd (GCMMF) owner of country's largest dairy co-operative, AMUL to open bank accounts of all Milk producers/farmers by December 30, 2016.

Agri ministry sign MoU for organic farming on Ganga banks

In order to increase organic farming in the country, Indian agriculture ministry has signed a memorandum of understanding (MoU) with the Ministry of Water Resources, River Development and Ganga Rejuvenation for promoting organic farming on the banks of river Ganga.

Amul selects Amazon to enter US markets

02-Dec-2016 - 0 Comments.

In order to expand its reach in the United States, India's largest dairy cooperative with 3.6 million members, Amul has selected Amazon to sell its products in the US.

India to promote organic farming on Ganga river banks

06-Oct-2016 - 0 Comments.

New Delhi: The Ministry of Agriculture & Farmers Welfare today here signed a Memorandum of Understanding (MoU) with Ministry of Water Resources, Water Development and Ganga Rejuvenation to promote organic farming on the banks of river Ganga.