Syngenta India Vande Bharat Park inaugurated in Rajasthan

23-Nov-2024 - 0 Comments.

 In a significant move aimed at enhancing community well-being, Syngenta India has completed the development of a piece of land adjacent to the Balotra Railway station into a park with facilities like walking path, children’s play area and an open gym and lush flower-bearing hedges and trees on all sides, at a cost of Rs 1.5 crore. 

Kisanserv targets INR 500 Cr revenue, 2000 jobs in 4 years

16-Sep-2024 - 0 Comments.

Agri-tech company Kisanserv has set a revenue target of INR 500 crore within the next four years with an expansion plan of 250 stores in key cities entering new markets such as Bangalore, Hyderabad, and Chennai.

One crore farmers to be brought in natural farming in the next two years

23-Jul-2024 - 0 Comments.

As part of measures to enhance productivity and resilience in Agriculture, Union Budget 2024-25 has announced several measures including thrust on agriculture research, promotion of natural farming and national cooperation policy.

Agriculture & allied sectors get INR 152,000 crore in 2024-25 Budget, says Chouhan

23-Jul-2024 - 0 Comments.

Union Minister of Agriculture and Farmers’ Welfare and Rural Development Shivraj Singh Chouhan said on the budget allocated for Agriculture and Farmers’ Welfare and Rural Development that the budget presented today is the budget of Amrit Kaal of India.

Arya.ag raises $29 MN in pre-Series D funding from Blue Earth Capital

15-Jul-2024 - 0 Comments.

Arya.ag, India's largest integrated grain commerce platform, today announced that it has raised $29 million (INR 242 crore) in a Pre-Series D funding round.

Supply chain finance platform SaralSCF disburses over INR 940 Crore in FY24

28-May-2024 - 0 Comments.

Supply chain finance platform SaralSCF has reported outstanding growth in FY24, with a disbursement of over ₹940 Crore across 1.46 lakh invoices. 

Freshleaf raises INR 1 Crore in seed round led by Inflection Point Ventures

25-May-2024 - 0 Comments.

Premium tea brand Freshleaf has raised INR 1 Crore in seed round led by Inflection Point Ventures. The funds raised will be utilized to expand marketing efforts, increase production capacity, and enhance research and development for new products.

Arya.ag, Shivalik Bank partners to empower farmers with INR 200 Crore in commodity financing

14-Mar-2024 - 0 Comments.

Arya.ag, India's leading integrated grain commerce platform, has partnered with Shivalik Small Finance Bank to provide vital financial assistance to farmers, agro-processors, and micro-enterprises.

Gopal Snacks ready to debut on markets, IPO priced INR 381- INR 401

01-Mar-2024 - 0 Comments.

Rajkot-based Gopal Snacks Limited announced its Initial Public Offering (IPO) details, setting the price band at  INR 381 to INR 401 per share. The offering, open 6 to 11 March 2024, aims to raise up to INR 650 crore.

Karnataka receives INR 235 Crore as third installment under RKVY Scheme

28-Feb-2024 - 0 Comments.

In a move aimed at bolstering the agricultural sector in Karnataka, the Department of Agriculture and Farmers Welfare (DAFW) has released Rs. 235.14 crore to the state government as the third installment under the Rashtriya Krishi Vikas Yojana (RKVY) scheme for the financial year 2023-24.

Over 25,000 women farmers empowered: Kissandhan delivers INR 103 Cr micro-loan impact

21-Dec-2023 - 0 Comments.

In a major boost for Indian agriculture, SohanLal Commodity Management (SLCM Group) has announced that its agri-focused NBFC, Kissandhan, has disbursed INR 103.74 crore under its women empowerment scheme since its launch in 2021.

Agri fintech KIVI closes seed round, positions to serve the farmgate ecosystem with credit, commerce and distribution

13-Oct-2023 - 0 Comments.

Agri-fintech startup KiVi, operated by Agrosperity Tech Solutions Private Limited, announces the conclusion of its seed round of Rs 15 crore led by Caspian Leap for Agriculture Fund, Piper Serica Angel Fund, YAN Angel Fund, Impact Innovators and Entrepreneurs Foundation, among others. KiVi is incubated at IIT Madras Research Park and stands for kisan vikas - farmer development.

Milma’s 2023-24 budget anticipates INR 1.22 crore surplus

22-Sep-2023 - 0 Comments.

The Annual General Body Meeting (AGM) of the Kerala Co-operative Milk Marketing Federation (KCMMF), known by its brand name Milma recently adopted a growth-oriented budget for 2023-24 pegging the revenue at INR 680.50 crore and expenditure at INR 679.28 crore, anticipating a surplus of INR 1.22 crore during the financial year.

India’s seafood exports touch 17.35 MT during 2022-23, grow 26.73% in quantity terms

14-Jun-2023 - 0 Comments.

 India achieved an all-time high exports of seafood both in terms of volume and value (both US$ and Rupee) by shipping 17,35,286 MT of seafood worth INR 63,969.14 crore (US$ 8.09 billion) during FY 2022-23 despite the several challenges in its major export markets like USA.

SLCM Group rope in over 19,000 women entrepreneurs in agriculture under Kissandhan

12-May-2023 - 0 Comments.

In another major development, SLCM Group has announced that it has disbursed more than INR 84.80 Crore to over 19,000 women entrepreneurs till FY22-23 through Kissandhan's BC (Business Correspondent) Partnership Lending Programme'.

Sri BioAesthetics integrated AgribioTech Center set up with an investment of INR 30 Cr inaugurated

30-Apr-2023 - 0 Comments.

Sri BioAesthetics, an Integrated AgribioTech Center inaugurated on Sunday in the city at TSIIC at Sultanpur on the outskirts of Hyderabad on a 1.5-acre land.  It is set up with an investment of INR 30 crore. 

Arya.ag crosses INR 1000 crore milestone on its fintech platform 

27-Apr-2023 - 0 Comments.

Arya.ag, India's largest and only profitable agritech platform at scale, today announced its milestone of crossing INR 1000 crore worth of loan disbursals in a single year through its fintech platform – Aryadhan.

Kerala Feeds posts INR 621 crore sales turnover in 2022-23, passes Rs 42 crore as subsidy to farmers

18-Apr-2023 - 0 Comments.

The state-run Kerala Feeds Limited (KFL) posted impressive results in 2022-23 with its total sales turnover going up to INR 621 crore from INR 577 crore  the previous year, reflecting high acceptability of its products  in the market.

Ergos disburse paperless agri loans of over INR 100 Cr in 7 months

01-Mar-2023 - 0 Comments.

Ergos, India's leading farmer-centric technology platform, backed by Aavishkaar Capital, Chiratae Ventures and British International Investment, that enables farmers to digitise their farm produce and provides them with doorstep access to end-to-end postharvest supply chain solutions, today announced that it has enabled its lending partners to achieve disbursement of over INR 100 crore to small and medium scale farmers and buyers.

Hyderabad needs one crore liters of milk every day, but only 60 to 70 lakh liters are supplied

13-Feb-2023 - 0 Comments.

The three day Twin Expos--Dairy and Food, featuring Dairy/Food Products, Processing & Packaging which held at Hitex in Madhapur concluded on recently.

Agri tech startup Greenikk raises INR 5 crore in pre-seed funding from Indian, foreign investors

11-Jan-2023 - 0 Comments.

Greenikk, a Kerala-based fledgling startup that launched India’s first full-stack supply chain seamlessly connecting banana cultivators, wholesalers,  exporters and B2B buyers on a single platform, has raised INR 5.04 crore in pre-seed funding from a string of  institutional funders, angel investors and serial entrepreneurs from India and abroad.   

BioPrime Agrisolutions raises INR 9 Crore in a Pre-Series A round led by Inflexor Ventures

25-Oct-2022 - 0 Comments.

Tech-focused VC fund, Inflexor Ventures, leads the Pre-Series A round of INR 9 Crore in Agbiotech startup, BioPrime Agrisolutions (BioPrime).

TRCMPU adopts INR Rs 1,248 Cr budget for 2022-23

22-Sep-2022 - 0 Comments.

The Trivandrum Regional Co-operative Milk Producers Union (TRCMPU) unanimously adopted a budget of INR 1,248 crore for the financial year 2022-23 at its Annual General Body meeting today.

Farmers Fresh Zone acquires milk chain platform AM Needs

21-Sep-2022 - 0 Comments.

Farm produce online retailer Farmers Fresh Zone (FFZ), incubated in Kerala Startup Mission (KSUM), has acquired milk delivery platform AM Needs for $2 million (INR 15.95 crore) in cash and stock deal.

SLCM anticipates double AUM at INR 11,500cr in FY23: CEO Sandeep Sabharwal

19-Sep-2022 - 0 Comments.

Agri logistics post-harvest company Sohan Lal Commodity Management Pvt Ltd (SLCM) anticipates doubling its assets under control to Rs 11,500 crore during the current fiscal year, stated a senior company official.

Mahindra complete acquiring 100% stakes in Sampo Rosenlew Oy

Mahindra & Mahindra has hiked its stake in its Finland-based arm Sampo Rosenlew Oy to 100 percent with the acquisition of residual shares for over INR 35 crore.

DLL India sells its agriculture, healthcare finance portfolio to Kotak Bank

11-Jul-2022 - 0 Comments.

Kotak Mahindra Bank, a private sector lender, announced that it has purchased the portfolio of agricultural and medical equipment financing from De Lage Landen International BV's Indian business (DLL). With this, the bank has acquired 25,000 new clients with a credit balance of roughly INR 582 crore.

Arya.ag crosses INR 500 crore milestone on its fintech platform

29-Jun-2022 - 0 Comments.

Arya.ag, India’s largest and fastest-growing integrated grain commerce platform, today announced crossing the distinct milestone of reaching the INR 500 crore book outstanding on its embedded fintech platform, Aryadhan.

Climate-smart deeptech startup Ecozen raises INR 54 Cr in Series C funding led by Dare Ventures

20-Jun-2022 - 0 Comments.

Climate-smart deeptech startup Ecozen has announced that it has raised INR 54 crore of additional funding as the first tranche of a planned INR 200 crore Series C round.

Agritech startup Kisanserv inching towards INR 100 crore revenue

30-Apr-2022 - 0 Comments.

Pune-based full stack agritech startup Kisanserv who had raised INR 10 Crore in its seed round has clocked multiplier returns this year.

Ergos' tech platform, which connects half a million farmers, intends to generate INR 1800-INR 2000 crore in revenue by next year

29-Apr-2022 - 0 Comments.

GrainBank scaled across 26 districts in Bihar, 10 Districts in Karnataka and 17 Districts in Maharashtra with 1,45,000 farmers actively engaging on the technology-based platform, and adding 400-450 new farmer every day.

Govt spends INR 49.80 crore on natural farming

22-Apr-2022 - 0 Comments.

Natural farming is a traditional indigenous livestock based agricultural practices which gives freedom to farmers from all kinds of externally purchased inputs like chemical fertilizer or pesticides as well as organic fertilizers like vemicompost, organic manure, biofertiliser, bio-pesticides hence reduce the cost of farming and thereby provide benefit mostly to small and marginal farmers.

Himachal Pradesh process 1.3 cr appliction under PMFBY during 2020-21

21-Apr-2022 - 0 Comments.

As reported by the implementing insurance company in the State of Himachal Pradesh i.e. Agriculture Insurance Company of India Ltd. over 1.3 crore application has been processed under the Pradhan Mantri Fasal Bima Yojana (PMFBY During 2020-21, the insurance company also paid claims worth INR 15.72 crore for wheat crop in the State for Rabi.

Govt sanctions INR 12831 crore under National Agriculture Infra Financing Facility

18-Apr-2022 - 0 Comments.

As on 28 March 2022, INR 663.9 crore have been sanctioned in Rajasthan for 824 projects and out of which INR 390.5 crore have been disbursed for 552 projects.

Omnivore announces launch of new USD 130m venture fund focusing on agritech, climate sustainability

12-Apr-2022 - 0 Comments.

Omnivore, India's leading agritech venture capital firm, recently announced the launch of its third fund, with a target corpus of USD 130m (INR 1000 crore).

Otipy raises USD 32m from Westbridge Capital to expand its supply chain in new cities

09-Mar-2022 - 0 Comments.

Agri-tech startup Otipy has raised INR 235 crore (USD 32m) in its series B round led by Westbridge Capital. Existing investors SIG and Omidyar Network India were also involved, according to the company.

Wholsum Foods secures USD 7m; targets INR 500 crore revenue by 2025

25-Feb-2022 - 0 Comments.

Wholsum Foods, a millet-based food startup that makes Slurrp Farm, has raised USD 7m in a fresh round of fundraising led by Investment Corporation of Dubai and existing investor Fireside Ventures. Fundraising follows Fireside Ventures' initial investment of USD 2m in the company one year ago.

PM Kisan Samman Nidhi Yojana benefited 11.78 crore farmers

25-Feb-2022 - 0 Comments.

PM-KISAN is a central sector scheme launched on 24 February, 2019 to supplement financial needs of land holding farmers. Financial benefit of INR 6000 per year in three equal installments, every four month is transferred into the bank accounts of farmers’ families across the country through Direct Benefit Transfer (DBT) mode.

NABARD expects to lend INR 6.13 lakh crore to priority sectors in Maharashtra during 2022-23

22-Feb-2022 - 0 Comments.

The National Bank for Agriculture and Rural Development (NABARD) in its state focus paper on Monday has projected a potential credit outlay of INR 6.13 lakh crore to priority sectors in Maharashtra during 2022-23 against INR 5.95 lakh crore for 2021-22.

Indian government signs USD 115m loan agreement with World Bank for implementation of watershed projects

21-Feb-2022 - 0 Comments.

The Government of India, the State Governments of Karnataka and Odisha and the World Bank have signed a USD 115m (INR 869 crore) Programme (Rejuvenating Watersheds for Agricultural Resilience through Innovative Development Programme) that will help national and state institutions adopt improved watershed management practices to help increase farmers’ resilience to climate change, promote higher productivity and better incomes.

Semaai raises USD 1.25m in pre-seed funding from Sequoia Surge, Beenext

18-Feb-2022 - 0 Comments.

Indonesia-based agri-tech startup Semaai earlier this week raised USD 1.25m (INR 8.75 crore) in a funding round.

Madhya Pradesh disburse INR 7600 cr under crop insurance to 49 lakh farmers

12-Feb-2022 - 0 Comments.

The Department of Farmer Welfare and Agriculture Development, Government of Madhya Pradesh, organized a historic event to disburse the biggest corpus of funds for crop insurance amounting to more than INR 7,600 crore via direct benefit transfer in the accounts of more than 49 lakh farmers of Madhya Pradesh.

Contribution of women in agriculture

08-Feb-2022 - 0 Comments.

As per the Census 2011 conducted by the Registrar General of India, the total number of women farmers as cultivators are 3.60 crore and agricultural labour are 6.15 crore in the country.

India paid INR 2.37 lakh crore MSP to over 1.63 crore farmers during 2021-22

01-Feb-2022 - 0 Comments.

While presenting the Union Budget 2022-23 in the Parliament today, the Indian Minister for Finance and Corporate Affairs, Mrs Nirmala Sitharaman said “the procurement of wheat in Rabi 2021-22 and the estimated procurement of paddy in Kharif 2021-22 will cover 1208 lakh metric tonnes of wheat and paddy from 163 lakh farmers, and INR 2.37 lakh crore direct payment of MSP value to their accounts”.

NERL disburse INR 2000 CR worth of loans against eNWR

04-Jan-2022 - 0 Comments.

National E-Repository Limited (NERL), an NCDEX group company and a WDRA (Warehousing Development and Regulatory Authority) regulated entity has facilitated loans worth more than INR 2000 crore against electronic Negotiable Warehouse Receipts (eNWR).

Amit Shah inaugurates Amul's milk powder, butter plants worth INR 415 Cr in Gandhinagar

30-Nov-2021 - 0 Comments.

India's Home and Co-operation minister Amit Shah has recently inaugurated AmulFed Dairy's new milk powder factory, butter manufacturing plant, poly film manufacturing plant, and an automated warehousing facility worth INR 415 crore in Gandhinagar.

NCDEX agri-derivatives market share jumps to 85% in Aug 2021

15-Sep-2021 - 0 Comments.

National Commodity and Derivatives Exchange Ltd has posted a healthy 115 percent rise in the Average Daily Turnover Value of INR 2,444 Crore in August 2021 despite restrictions on Chana futures, one of its key liquid contracts in the pulses segment.

How farmers can benefit using drones

30-Aug-2021 - 0 Comments.

The Agriculture Industry in India employs more than half of its current population and is one of the few countries in the world to employ such large numbers, has one of the highest arable lands with over 155 million hectares, generated INR 19 lakh crore in terms of revenues in 2019 and contributed 18 percent to the India’s GDP. Despite all these achievements, India is a laggard when it comes to doubling its farmers’ incomes.

NCDEX's average daily turnover value posts 174% increase in July 2021

12-Aug-2021 - 0 Comments.

National Commodity and Derivatives Exchange Limited has posted an increase in average daily turnover value (ADTV) rising 174 percent year-on-year at INR 2,151 crore in July 2021.

Rallis India consolidated revenues up by 11.7% at INR 741 crores during Q1 of 2021-22

22-Jul-2021 - 0 Comments.

Rallis India Limited, a TATA Enterprise and a leading player in the Indian Agri inputs industry announced that it has recorded an increase in consolidated revenue of over 11.7 percent at INR 741 crore for the first quarter ended 30 June 2021.

NCDEX records INR 1945 crore ADTV during June 2021

15-Jul-2021 - 0 Comments.

Retaining its leadership position in the agri-derivatives space, National Commodity and Derivatives Exchange Ltd (NCDEX) has recorded an all-round increase in its performance in June 2021.

ICAR's NAHEP invites EOI for Social Safeguard consultancy services

15-Jun-2021 - 0 Comments.

National Agricultural Higher Education Project (NAHEP) under Indian Council of Agricultural Research (ICAR), a World Bank Project of INR 1,100 crore invites EOI from well qualified and experienced Consultant to provide support to the Project Implementation Unit (PIU) of NAHEP,ICAR.

Investment support of INR 7,509 crore under Rythu Bandhu scheme for Telangana farmers

14-Jun-2021 - 0 Comments.

Under the Rythu Bandhu scheme Telangana government will provide INR 7,509 crore as investment support to over 63 lakh farmers for cultivation during the Kharif season.

NCDEX average daily turnover value up by a whopping 264% to INR 2139 Cr in May 2021

07-Jun-2021 - 0 Comments.

National Commodity and Derivatives Exchange Ltd (NCDEX) has posted over three-fold jump in its Average Daily Turnover Value (ADTV) to INR 2139 Crore in May 2021 demonstrating yet another operational excellence despite heavy disruptions in spot market amid lock-downs across the country during the month.

India's seafood exports down 10.88% at 1.14 MT during 2020-21

02-Jun-2021 - 0 Comments.

The COVID pandemic and sluggish overseas markets cast their shadow over India’s resurgent seafood sector as the country exported 1.149 million tonne (11,49,341 metric tonne) of marine products worth INR 43,717.26 crore (US$ 5.96 billion) during FY 2020-21, registering a contraction of 10.88 per cent in volume as compared to a year earlier.

Agri department creates INR 5000 Cr Micro Irrigation Fund under NABARD

28-May-2021 - 0 Comments.

With a view to provide impetus to the micro irrigation in the country, Micro Irrigation Fund (MIF) with a corpus of INR 5000 crore was created with National Bank for Agriculture and Rural Development (NABARD).

Agriculture Infrastructure Fund applications cross INR 8000 crore mark, set to transform agri-infrastructure

05-May-2021 - 0 Comments.

Agriculture Infrastructure Fund has crossed the INR 8000 crore mark after receiving 8665 applications worth INR 8216 crores. The largest share of the pie is contributed by Primary Agricultural Credit Societies (PACS) (58 percent), agri-entrepreneurs (24 percent) and individual farmers (13 percent). These investments are for a wide range of projects which will unlock value for farmers across the country.

Post-harvest startup Arya crosses INR 200 crore loan book mark

05-May-2021 - 0 Comments.

Arya, India's leading post-harvest Agritech player through its digital financial solutions company, Aryadhan has crossed the book size of INR 200 Crores.

India’s agri & allied commodities export up by 18.49 % during April 2020 - Feb 2021

24-Apr-2021 - 0 Comments.

The export of Agri and allied commodities during April 2020 - Feb,2021 were INR 2.74 lakh Crore as compared to INR 2.31 Crore in the same period last year indicating an increase of 18.49 percent.

Agri-inputs B2B marketplace AGRIM raises USD $2M in seed funding from Omnivore, India Quotient and Accion Venture Lab

05-Mar-2021 - 0 Comments.

AGRIM, a B2B marketplace for agri-inputs, came out of stealth mode today to announce that it had raised over USD 2 million (INR 15 crore) in Seed round funding back in May 2020 and had scaled operations substantially over the past ten months.

Budget 2021-22: Finance minister proposes 9 measures for agriculture, allied sectors; agri credit target enhanced to INR 165,000 crore

02-Feb-2021 - 0 Comments.

In a slew of steps to support the agriculture sector, minister for finance & corporate affairs Mrs Nirmala Sitharaman announced 9 measures for Agriculture Sector as part of inclusive development for aspirational India while presenting the Union Budget 2021-22.

Govt procures 8.84 MN cotton bales from farmers worth INR 25,826 Cr during Kharif Marketing Season 2020-21

28-Jan-2021 - 0 Comments.

In the ongoing Kharif Marketing Season (KMS) 2020-21, the Government has procured 8.84 million bales of seed cotton (Kapas) valuing INR 25826.59 crore has been procured benefitting 1.81 million farmers.

Cold chain startup Inficold raises $ 900,000 from RVCF

27-Jan-2021 - 0 Comments.

Inficold, a Noida - based startup supported by Shell Foundation, an independent UK registered charity, that provides cold storage solutions has raised $900,000 (Rs. 6.5 crore approximately) in a funding round from RVCF and other undisclosed high net worth individuals as a part of their Pre Series A fund closure.

Over 9 crore farmer get INR 18000 Cr deposited via direct benefit transfer

27-Dec-2020 - 0 Comments.

The Prime Minister, Narendra Modi recently released the 7th instalment of financial benefit under PM KisanSammanNidhi through video conference.PM also interacted with farmers from Arunachal Pradesh, Odisha, Haryana, Tamil Nadu, Uttar Pradesh, Maharashtra, and Madhya Pradesh. Farmers narrated their experiences about how they have benefitted since the introduction of the Farm Acts.

Cabinet approves INR 3500 Cr assistance for sugarcane farmers

16-Dec-2020 - 0 Comments.

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi has approved assistance of about INR 3,500 crore for sugarcane farmers (Ganna Kisan).

Bayer CropScience records INR 609 crore during H1 of 2020-21

10-Nov-2020 - 0 Comments.

Bayer CropScience Limited (BSE: 506285) announced that it has recorded Profit Before Exceptional Items and Tax at INR 609 crore for the H1 ended September 30, 2020, as compared to INR 497 crore for the corresponding period in FY 2019-20.

Agritech startup Freshokartz raises USD 1.4 Million in pre-series round

30-Oct-2020 - 0 Comments.

Freshokartz Agri Products Pvt. Limited, a premier Agri-tech startup has received USD $1.4 Million (INR 10 Crore) pre-series A funding from Rajasthan Venture Capital Fund (RVCF) and AWE (Achieving Women Equity) Funds to finance its rapid technology rollout while scaling its operations as a provider of premier technology-enabled omnichannel supply chain optimizing solutions along with agronomy advisory and output linkages.

NABARD sanctions over INR 85 crore under RIDF scheme to Goa during 2020-21

30-Oct-2020 - 0 Comments.

NABARD has sanctioned loans worth INR 85.04 crore under Rural Infrastructure Development Fund (RIDF) to the Government of Goa for various Social Infrastructure Projects in the State.

Cabinet approves INR 2500 crore for procuring apples under market intervention scheme in J&K

21-Oct-2020 - 0 Comments.

The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the extension of Market Intervention Scheme (MIS) for apple procurement in Jammu and Kashmir (J&K) for the current season also i.e. 2020-21 on the same terms and condition as was done in J&K during last season i.e. 2019-20.

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).

Paddy procurement exceeds by 22.43% during 2020-21

20-Oct-2020 - 0 Comments.

Paddy procurement for Kharif 2020-21 is progressing at a fast pace in the procuring States/UTs of Punjab, Haryana, UP, TN, Uttarakhand, Chandigarh, J&K and Kerala with the purchase of over 98.19 Lakh MT of paddy up to 19 October 2020 from 8.54 lakh farmers valuing INR 18539.86 crore at MSP rate of INR 18880 per MT.

Rallis India post INR 83 crore net profit in Q2

20-Oct-2020 - 0 Comments.

Rallis India Limited, a TATA Enterprise and a leading player in the Indian agri-inputs industry has announced that it has posted a net profit of INR 83 crore for the second quarter ended 30 September 2020.

Export of essential agri commodities increases by 43.4% during April-September 2020

13-Oct-2020 - 0 Comments.

The consistent and concerted efforts of the Government to boost agricultural exports are bearing fruit as despite of the on-going Covid-19 crisis, the export of essential agri commodities for the cumulative period of April-September, 2020 has increased by 43.4 percent to Rs 53626.6 crore as compared to Rs 37397.3 crore in the same period last year.

Soil tech firm raises $1 mn from NABVENTURES, Omnivore

07-Oct-2020 - 0 Comments.

Krishitantra announced that it has raised USD 1 million (INR 7.6 crore) in seed funding from NABVENTURES and Omnivore.

Over 1.67 crore farmers registered on e-NAM platform

19-Sep-2020 - 0 Comments.

As on 31 August 2020, a total of 1.67 crore farmers, 1.44 lakh traders and 83,958 commission agents and 1722 Farmer Producer Organizations (FPOs) have been registered on e-NAM platform. A total trade value of INR 1,04,313 crore has been recorded on e-NAM platform, agriculture minister, Narendra Singh Tomar informed Rajya Sabha recently.

Harsimrat Kaur Badal inaugurates organic food processing unit worth INR 50 crore in Uttar Pradesh

09-Sep-2020 - 0 Comments.

With the inauguration of this food processing unit, 5000 farmers will be benefitted and it is expected to leverage an investment of INR 50.33 crores, said Mrs Harsimrat Kaur Badal, Union Minister for Food Processing Industries.

PM's new finance initiative of INR 100,000 Cr agriculture infra fund catalytic for agri-infra development: FAIFA

15-Aug-2020 - 0 Comments.

The Federation of All India Farmer Associations (FAIFA), a non-profit organization representing the cause of millions of farmers and farm workers of commercial crops has lauded Prime Minister Narendra Modi’s INR 100,000 crore Agriculture Infrastructure Fund financing facility.

Best Agrolife looking for over INR 1517 Cr turnover by FY22

10-Aug-2020 - 0 Comments.

India’s one of the largest manufacturers of agro-inputs, Best Agrolife Ltd (BSE: 539660) is aiming to achieve INR 1517 crore turnover by FY2022 along with net profit of over INR 677 crore.

PM launches financing facility of INR 100,000 crore under Agriculture Infrastructure Fund

10-Aug-2020 - 0 Comments.

Prime Minister Narendra Modi launched a new Central Sector Scheme of financing facility under the Agriculture Infrastructure Fund of INR 100,000 crore.

LPU’s agriculture student bags biggest scholarship worth INR 1.3 crore from Australian National University

24-Jul-2020 - 0 Comments.

In a first for agriculture education in India, Sumant Bindal, an M.Sc. Agriculture (Genetics & Plant Breeding) student of Lovely Professional University (LPU), has bagged a fully-paid scholarship worth INR 1.3 crore from Australian National University (ANU).

Rallis India’s net profit up by 53% at INR 92 crore for Q1 ended June 30

22-Jul-2020 - 0 Comments.

Mumbai based leading agri inputs player, Rallis India Limited, a TATA Enterprise have posted an 53 percent increase in profit after tax (PAT) at 92 crore for the first quarter ended 30 June 2020, as compared to INR 60 crore recorded during the last Q1 period.

Amul consolidated turnover crosses INR 52,000 cr during 2019-20 FY

19-Jul-2020 - 0 Comments.

India’s largest milk co-operative, Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF) and its constituent member unions which markets the Amul brand of milk and dairy products has registered a consolidate turnover of INR 52,000 crore during the fiscal year ended 31 March 2020.

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.

Milk production is expected to touch 330 million tons by 2024, says dairy minister

16-Jul-2020 - 0 Comments.

Indian minister for animal husbandry and dairying Giriraj Singh today while launching the implementation guidelines for Animal Husbandry Infrastructure Development Fund (AHIDF) worth INR 15,000 crore said by 2024, country's milk production is expected to touch 330 million tonnes.

India export of coir and coir products touch INR 2757 crore during 2019-20

16-Jul-2020 - 0 Comments.

The export, of coir and coir products from India worth INR 2757.90 crore for the year 2019-20, registers an all-time high record, which is around INR 30 crore higher than that of the last year i.e. 2018-19 which stood at Rs. 2728.04 crore.

Ethanol blending with petrol in India: progress & status update

05-Jul-2020 - 0 Comments.

Ethanol supply contracts for 170 crore liters have been entered into between ethanol manufacturers/sugar mills and oil marketing companies (OMCs) for the current ethanol supply year (Dec-Nov) 2019-20, Indian Sugar Mills Association (ISMA) said in a statement.

India to track over 57 crore animals with unique ID over next 18 months

29-Jun-2020 - 0 Comments.

In order to track animals parentage, breed & productivity, India will be using new technologies to track over 57 crore animals in the country in the nest 18 months, Animal Husbandry & Dairying secretary Atul Chaturvedi said.

Cabinet approves setting up Animal Husbandry Infrastructure Development Fund

26-Jun-2020 - 0 Comments.

In pursuance of ensuring growth in several sectors, the Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved setting up of Animal Husbandry Infrastructure Development Fund (AHIDF) worth INR 15000 crore.

EID Parry post 29% increase in EBIDTA for 2019-20 fiscal year

12-Jun-2020 - 0 Comments.

India's one of the leading manufacturers of sugar, EID Parry (India) Limited has reported an increase in earnings before depreciation, interest, taxes and exceptional items (EBITDA) by 29% at INR 2016 crore, as compared to INR 1558 crore posted during the 2018-19 financial year.

Dwarikesh Sugar net profit drop to INR 73.45 crore in FY2019-20

11-Jun-2020 - 0 Comments.

Dwarikesh Sugar Industries Ltd has recorded a drop in net profit for the fiscal year 2019-20 at INR 73.45 crore, as compared to INR 95.11 crore posted in FY 2018-19.

Centre allots INR 4000 crore to state govts under ‘Per Drop More Crop’ scheme

11-Jun-2020 - 0 Comments.

India’s Department of Agriculture Cooperation & Farmers’ Welfare which is implementing ‘Per Drop More Crop’ has allocated INR 4000 crore to the State Governments.

Dhanuka Agritech posts 25.66% PAT growth at INR 141.47 crore during 2019-20

10-Jun-2020 - 0 Comments.

Haryana based leading agrochemicals formulation company, Dhanuka Agritech Limited (BSE: 507717; NSE: DHANUKA) has recorded a net profit of INR 141.47 crore for fiscal year 2019-20.

Lasa Supergenerics Q4 net profit up by 243.33%

08-Jun-2020 - 0 Comments.

Lasa Supergenerics Limited (BSE: 540702; NSE: LASA) has registered a whopping 243.33 percent growth in net profit at INR 2.58 crore for the fourth quarter ended 31 March 2020, as compared to the same Q4 last fiscal year.

Shree Renuka Sugars to raise USD 300 MN through ECBs

04-Jun-2020 - 0 Comments.

In order to meet working capital of the company, Shree Renuka Sugars Limited has decided to raise USD $300 million (INR 2300 crore) through external commercial borrowings (ECBs) from Wilmar Sugar Holdings Pte Ltd.

Government giving 1.5 crore dairy farmers Kisan Credit Cards

02-Jun-2020 - 0 Comments.

The Government will provide Kisan Credit Card (KCC) to 1.5 crore dairy farmers belonging to Milk Unions and Milk producing Companies within the next two months (1 June-31 July 2020) under a special drive.

Cabinet approves interest waiver for Hindustan Organic Chemicals

21-May-2020 - 0 Comments.

Indian Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has given its ex-post facto approval for waiver of interest of INR 7.59 crore (USD $1 million) on government of India loans of Hindustan Organic Chemicals Limited

Godrej Agrovet Q4 net profit down by 42.65%

20-May-2020 - 0 Comments.

India leading animal feed and agribusiness company, Godrej Agrovet has reported a drop in consolidated net profit by 42.65% at INR 69.20 crore for the fourth quarter ended 31 March 2020 due to higher expenses.

Dairy products output to grow by 10% in 2020-21 fiscal year, says India Ratings report

19-May-2020 - 0 Comments.

The manufactured dairy products output is estimated to grow 10% to INR 283,000 crore (USD $37.58 billion) during the current financial year (April 2020-March 2021), a Mumbai based rating firm, India Ratings and Research (Ind-Ra) said in a report.

Intello Labs raises $5.9M to digitize quality in fresh produce

19-May-2020 - 0 Comments.

Intello Labs has announced that it has raised a INR 45 crore (USD $5.9 million) in a Series A round led by Saama Capital, alongside global agritech funds GROW, SVG Ventures THRIVE

India pumps INR 150,000 crore on agriculture infra, allied sectors

16-May-2020 - 0 Comments.

Indian finance ministry has announced additional INR 150,000 crore strengthen agriculture infrastructure logistics, capacity building, governance and administrative reforms for agriculture, fisheries and food processing sectors.

Finance Minister announces INR 2 lakh crore credit to farmers under Kisan Credit Card Scheme

15-May-2020 - 0 Comments.

Understanding the need for credit in the amidst COVID 19 lockdown period, Indian finance minister, Nirmala Sitaraman has announced INR 2 lakh crore (USD $ 26.7 billion) to farmers under Kisan Credit Card Scheme.

Rallis India consolidated net profit up by 19% for FY 2019-20

06-May-2020 - 0 Comments.

Rallis India has announced that it consolidated net profit for fiscal year 2019-20 has been recorded a growth of 19% at INR 184 crore, against INR 155 crore recorded during the same period last fiscal year.

Akola farmers groups sold INR 8.5 Cr worth of fruits, vegetables through direct marketing during lockdown period

29-Apr-2020 - 0 Comments.

Farmers groups in Maharashtra’s Akola district sold 850 metric tonnes of fruits and vegetables worth INR 8.5 crore during the lockdown period through direct marketing

Agri ministry releases INR 17,793 cr under PM-KISAN scheme during the lockdown

21-Apr-2020 - 0 Comments.

Under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) Scheme during the lockdown period from 24 March 2020 till 20 April 2020, about 8.89 crore (88.9 million) farmer families have been benefitted and an amount of INR 17,793 crore has been released so far.

Patna based agri marketplace DeHaat raises INR 90 Cr from Sequoia Capital, Dutch Bank

08-Apr-2020 - 0 Comments.

DeHaat, an online marketplace for farm services and products has raised INR 90 crore (USD $12 million) in a Series A funding round led by Sequoia Capital India.

UPL contributes INR 75 Crore to PM-CARES fund

03-Apr-2020 - 0 Comments.

India’s largest crop protection products manufacturer UPL Ltd., today pledged Rs. 75 Crore to PM-CARES Fund in assisting the government to fight against COVID-19.

Over 34.5 million cattle registered under the National animal disease control program, says NDDB

02-Apr-2020 - 0 Comments.

In order to provide safety to country's cattle population from Foot and Mouth Disease (FMD) and Brucellosis, National Dairy Development Board (NDDB)'s National Animal Disease Control Programme (NADCP), a 5-year project has been launched by the Indian Prime Minister, Narendra Modi with total outlay of INR 13,343 crore (USD $ 2 billion).

Budget 2020: Export target of USD 14 BN set for aquaculture sector

01-Feb-2020 - 0 Comments.

Indian finance and corporate affairs minister, Mrs Nirmala Sitharaman while presenting 2020-21 budget has set a target of USD 14 billion (INR 1 lakh crore) from blue economy exports.

India Budget 2020: Target of USD 209 BN in agri-credit for 2020-21 set

01-Feb-2020 - 0 Comments.

Providing a huge boost to the farming sector, Indian finance minister Mrs Nirmala Sitharaman in her second financial budget set agriculture credit target of USD 209 billion (INR 15 lakh crore) for the year 2020-21.

India supports 3.60 million female farmers with INR 847 Crore

07-Jan-2020 - 0 Comments.

In order to empower female farmers in the country, India's agriculture & farmer's welfare ministry has supported over 3.60 million female farmers under the Department of Rural Development, Ministry of Rural Development is implementing Mahila Kisan Sashaktikaran Pariyojana (MKSP).

India exported INR 5150 crore worth of organic farming products in 2018-19

19-Dec-2019 - 0 Comments.

The quantity of organic product produced during 2018-19 under Participatory Guarantee System-(PGS)-India and National Programme on Organic Production (NPOP) of Agriculture Processed Food and Export Development Authority (APEDA) is given at Annexure I. The total value of organic products exported from India is Rs 5150.99 crore (for 614089.614 MT).

India approves three year action plan of agricultural education division & ICAR institutes

13-Jun-2018 - 0 Comments.

The Indian cabinet chaired by Prime Minister Narendra Modi has approved the continuation of the Three Year Action Plan (2017-2020) of the scheme for Agricultural Education Division and ICAR Institutes with an outlay of Rs.2225.46 crore[Rs. 2197.51 crore + Rs. 27.95 crore (State share)

Cabinet approves USD 745 MN for micro irrigation fund with NABARD

16-May-2018 - 0 Comments.

The Cabinet Committee on Economic Affairs chaired by the Prime Minister, Narendra Modi has approved an initial Corpus of INR 5,000 crore (USD 745 million) for setting up of a dedicated “Micro Irrigation Fund” (MIF) with NABARD

Frozen semen station to come up in Purnea with an investment of USD 9.5 MN

14-May-2018 - 0 Comments.

Laying the foundation stone of the frozen semen station in Maranga, Purnea, Indian Minister of Agriculture & Farmers’ Welfare Radha Mohan Singh said that the frozen semen station is being set up at a cost of INR 64 crore (USD 9.5 million) under the Rashtriya Gokul Mission with 100% contribution from the Central Government

India to spend USD 5 BN in agriculture sector till 2020

02-May-2018 - 0 Comments.

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Narendra Modi has given its approval for the Umbrella Scheme, "Green Revolution – Krishonnati Yojana" in agriculture sector beyond 12th Five Year Plan for the period from 2017-18 to 2019-20 with the Central Share of INR 33,269.976 crore (USD 5 billion).

BUDGET 2018-19: India allocates $15 BN more credit for agriculture sector

01-Feb-2018 - 0 Comments.

The Government announced raising institutional credit for agriculture sector to USD 170 billion (INR 11 lakh crore) for the year 2018-19 from USD 155 billion (Rs10 lakh crore) in 2017-18, an increase of USD $15 billion

India allocates $1.70 BN for Dairy Processing & Infrastructure Development Fund

12-Sep-2017 - 0 Comments.

The Cabinet Committee on Economic Affairs, chaired by Prime Minister, Narendra Modi has approved a 'Dairy Processing & Infrastructure Development Fund' (DIDF) with an outlay of USD $1.70 billion (INR 10,881 crore)

India’s total fisheries production could reach 16 MMT by 2019: ASSOCHAM study

24-May-2017 - 0 Comments.

Urging the government to double the outlay of Rs 3,000 crore for development and management of fisheries sector, apex industry body ASSOCHAM said.

India's agri budgetary support up by 15.31% during 2017-18

05-Feb-2017 - 0 Comments.

In order to double the income of the farmer in 5 years, Indian agriculture ministry got 15.31 per cent increase in budgetary support at $7.59 billion (Rs 51,026 crore) for 2017-18 fiscal year starting April 1, 2017.

Dairy startup, Osam raises $6.7 MN in Series B funding

13-Dec-2016 - 0 Comments.

Dairy startup, Osam has raised $6.7 million (Rs 45 crore) in Series B funding from Lok Capital-advised Growth Catalyst Partners.

India produced $14.60 BN worth of fish during 2015-16, says Agri minister

With growing aquaculture activities across the coastal region, India has produced an estimated $14.90 billion (Rs 100,000 lakh crore) value of fish production during 2015-16 financial year

India allots $17 MN for farm mechanization during 2016-17

26-Nov-2016 - 0 Comments.

In order to shift farmers towards mechanized farming, India has allotted $17 million (Rs 181 crore) for promoting farm mechanization during 2016-17.

India allocates $808 million for crop insurance scheme

19-Nov-2016 - 0 Comments.

India has made a budgetary allocations on $808 million (Rs 5501.15 crore) for implementation of Pradhan Mantri Fasal Bima Yojana (PMFBY) during 2016-17

Odisha sets seafood export target at $3 BN by 2020

15-Oct-2016 - 0 Comments.

With seafood exports been rising from the state, Odisha state has set a target of $3 billion (Rs 20,000 crore) in the next five years or by 2020.

Haryana to develop 340 villages as horticulture villages

10-Oct-2016 - 0 Comments.

Haryana state government has decided to develop 340 villages as Horticulture Villages at a cost of $13.94 million (Rs 93 crore) during the Golden Jubilee year of the State. It has also decided to establish 140 clusters in these villages.

Mother Dairy to invest $30 MN in Maharashtra

06-Oct-2016 - 0 Comments.

The wholly owned subsidiary of National Dairy Development Board (NDDB), Mother Dairy will be investing $30 million (Rs 200 crore) in Maharashtra.

Tata Chemicals sells urea venture to Yara India for $400 MN

11-Aug-2016 - 0 Comments.

Tata Chemicals has informed the Bombay Stock Exchange (BSE) on August 10, 2016 that it has decided to sell its urea business to Yara India for $400 million (Rs 2670 crore).