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How to set up Pudina (Mint) Farm in India
13-May-2024 - 0 Comments.
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Arya.ag launches agri loans on blockchain
18-Oct-2023 - 0 Comments.
Arya.ag, India’s largest and only profitable grain commerce platform, has launched agri loans on the blockchain. Warehouse receipt loans disbursed on its fintech arm and NBFC, Aryadhan, shall be processed on its blockchain to offer users absolute trust and transparency.
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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.
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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.
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Cabinet approves interest subvention on short term agriculture loan of upto INR 3 lakh
22-Aug-2022 - 0 Comments.
The Cabinet, chaired by the Prime Minister, Narendra Modi has approved to restore Interest Subvention on short term agriculture loans to 1.5 percent for all financial institutions.
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Samunnati crosses cumulative disbursement amount of INR 37 crores for its pre-approved loan
02-May-2022 - 0 Comments.
Samunnati, an agri-value chain enabler, and India’s largest agri enterprise announced recently that its Instant Pre-approved Loans (Sam IPL), the digital lending solution to nascent Farmer collectives (FPCs/FPOs), has crossed the cumulative disbursement amount of INR 37 Crores across 600 loans since its launch last year in July 21.
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GoI to provide financial assistance under MIDH for setting up cold storages facility
02-Apr-2022 - 0 Comments.
Government does not provide loans for the setting up of cold storage under the Mission for Integrated Development of Horticulture (MIDH). However, Government is implementing the following schemes under which financial assistance is provided for setting up cold storage throughout the country.
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Santander launches crypto-backed agriculture loans in Argentina
11-Mar-2022 - 0 Comments.
In Argentina, Santander has teamed up with Agrotoken to provide agricultural products-based credits for farmers.
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AFEX launches second round of funding to strengthen Nigeria's agricultural sector
01-Feb-2022 - 0 Comments.
AFEX has announced the reopening of its USD 240m Asset-Backed Commercial Paper (ABCP) to help stabilize Nigeria's agriculture sector by providing low-cost loans to Agro-processors to bridge the funding gap between lenders and borrowers, according to media report.
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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).
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Kentucky Agricultural Finance Corporation sanctions credit scheme for Agri projects
06-Jul-2021 - 0 Comments.
The Kentucky Agricultural Finance Corporation (KAFC) approved USD 967,643.50 in seven agricultural loans for projects across the commonwealth at its board meeting last month.
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SBI scouts agritech partnerships to push farm credit
22-Jun-2021 - 0 Comments.
State Bank of India (SBI) explores opportunities to enter into partnerships with selected Agritechs to handle high volume and low-ticket loans in the Agribusiness optimally through a digital strategy.
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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.
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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.
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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
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Govt announces interest subvention on working capital loans for dairy sector
14-May-2020 - 0 Comments.
Looking at the hardship faced by the dairy sector, central government has announced a interest subvention scheme on working capital for dairy sector.
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Govt sanctions INR 17,800 Cr loans, clears INR 2424 Cr under PMFBY insurance claim
16-Apr-2020 - 0 Comments.
Under the Kisan Credit Card (KCC) 18.26 lakh applications have been sanctioned for loans worth INR 17,800 cr and INR 2424 crores have been disbursed to the beneficiary farmers under the Pradhan Mantri Fasal Bima Yojana (PMFBY)
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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
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CMFRI study throws light into unhealthy financial practices in fisheries sector
06-May-2019 - 0 Comments.
Financial inclusion in the sector is dismal; fishermen are bound to pay high interest rates as they increasingly depend on informal money lenders for loans
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India announces interest subvention scheme for farmers
09-Jan-2019 - 0 Comments.
With a view to ensuring availability of agriculture credit {including loans taken against Kisan Credit Card (KCC)} at a reasonable cost/at a reduced rate of 7% per annum to farmers, the Government of India, is implementing an interest subvention scheme of 2% for short term crop loans up to INR 300,000.
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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.
