Fasal introduces national procurement network to revamp horticulture value chain
01-Mar-2023 - 0 Comments.
Fasal, India's earliest sustainable horticulture farm network company and the one-stop-shop for horticulturalists, today announced expansion into the farming output business with the launch of 'Fasal Fresh'.
Budget for PM aasha
23-Apr-2022 - 0 Comments.
In order to provide remunerative price to the farmers of notified pulses, oilseeds & copra, Government implements an umbrella scheme of Pradhan Mantri Annadata Aay Sanrakshan Abhiyan (PM-AASHA) consisting of Price Support Scheme (PSS), Price Deficiency Payment Scheme (PDPS) and Pilot Private Procurement & Stockiest Scheme (PPSS).
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”.
Milma’s TRCMPU approves INR 1158 budget, announces incentive of INR 2 per litre on milk procurement
28-Jan-2022 - 0 Comments.
Trivandrum Regional Co-operative Milk Producers Union (TRCMPU) of Milma has announced an incentive of INR 2 on each litre of milk procured from dairy farmers in four southern districts from February 1, in view of the rise in input cost and difficulties caused by the third wave of the Covid-19 pandemic.
CRISIL Data finds milk procurement by private dairy more in 8 milk producing states
18-Oct-2021 - 0 Comments.
Hatsun Agro Product Ltd had commissioned CRISIL, India’s largest Independent research house to conduct a market study regarding milk procurement by private dairy companies in India.
Over 42.5 MT wheat procured from 4.75 million farmers during current Rabi Marketing Season
14-Jun-2021 - 0 Comments.
Procurement of wheat in ongoing Rabi Marketing Season (RMS) 2021-22 is continuing smoothly in the procuring States and till now (upto 13.06.2021) a quantity of over 42.57 million tonnes (MT) of wheat has been procured (which is all time high, as it has exceeded previous high 389.92 LMT of RMS 2020-21).
Stellapps ties up with India Post Payments Bank to drive financial inclusion for dairy farmers
25-Feb-2021 - 0 Comments.
Leading dairy-tech startup, Stellapps has announced that it has signed an agreement with India Post Payments Bank (IPPB) to digitize the dairy milk procurement value chain and promote banking facilities at milk collection centres.
Paddy procurement touches 506 lakh tonnes during 2020-21 Kharif Marketing Season
06-Jan-2021 - 0 Comments.
In the ongoing Kharif Marketing Season (KMS) 2020-21, paddy procurement has recorded an increase of 24.98% at 506.00 lakh metric tonnes (LMT) as on 4 January 2021, against the last year corresponding purchase of 405.10 LMT.
Government increased MSP in range of 40%-70% for all crops, says Hardeep S Puri
01-Jan-2021 - 0 Comments.
Union Minister Hardeep S Puri has said that the Government has not only implemented the recommendations of the Swaminathan Committee to increase MSP to 1.5 times of the cost of production but it increased MSP in the range of 40 percent-70 percent in case of all crops and expenditure of procurement at MSP increased by 85 percent in 2014-19 from 2009-14.
Kharif Marketing Season 2020-21: Paddy procurement shows increase of 23.70% over last year
20-Dec-2020 - 0 Comments.
In the ongoing Kharif Marketing Season (KMS) 2020-21, Government continues to procure Kharif 2020-21 crops at its MSP from farmers as per its existing MSP Schemes, as was done in previous seasons.
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.
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.
Govt approves procurement of 13.77 LMT of pulses, oilseeds for five states, including Maharashtra
30-Sep-2020 - 0 Comments.
The arrival of Kharif Marketing Season 2020-21 has just begun and the Government continues to procure Kharif 2020-21 crops at MSP from farmers as per its existing MSP Schemes as done in previous seasons.
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.
Parliament passes farm bills, full protection to farmers, procurement at MSP will continue, says Narendra Singh Tomar
20-Sep-2020 - 0 Comments.
Parliament today passed two bills aimed at transforming agriculture in the country and raising farmers’ incomes. The Farmers' Produce Trade and Commerce (Promotion and Facilitation) Bill, 2020 and The Farmers (Empowerment and Protection) Agreement of Price Assurance and Farm Services Bill, 2020 which were passed by Lok Sabha on 17 September 2020, were passed by the Rajya Sabha also today.
WayCool gets INR 85 lakh grant from Dutch Development Bank FMO
24-Aug-2020 - 0 Comments.
FMO, the Dutch entrepreneurial development bank, has allocated a grant of INR 85 lakh to WayCool Foods, for procurement and distribution of dual-purpose PPE kits and enablement of on-site Soil testing to farmers.
'A positive year ahead for tractor sales and rural development', opines Hemant Sikka
28-Jul-2020 - 0 Comments.
This is the peak season for the tractor segment, with demand being robust due to various factors related to a strong Rabi output, government spending in rural India, including higher procurement and good price realisations.
Summer crops sowing acreage, procurement rises despite lockdown
22-May-2020 - 0 Comments.
Even during lockdown, summer crop sowing and procurement has recorded an increase, as compared to the same period last year.
Govt starts Rabi season procurement of pulses, oilseeds in 20 states
24-Apr-2020 - 0 Comments.
As of 22 April 2020, Indian agriculture and farmers welfare ministry has announced that its agencies have started procuring pulses and oilseeds from 20 states
States to decide procurement of pulses, oilseeds dates under PSS, says Tomar
09-Apr-2020 - 0 Comments.
Indian minister for agriculture, cooperation and farmers' welfare, Narendra Singh Tomar has said recently that Government has decided that start date of procurement of pulses and oilseeds under the Price Support Scheme (PSS) may be decided by the respective States.
Indian agri ministry accepts Gujarat govt groundnut procurement rates
03-Nov-2016 - 0 Comments.
Indian agriculture ministry has approved Gujarat government's proposal on price support scheme for procurement of groundnut during the current Kharif season.
Tamil Nadu announces e-procurement of paddy
06-Aug-2016 - 0 Comments.
With a view to choke leakages in payment to farmers, Tamil Nadu has announced procurement of paddy through online system.