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Agrotech, Thailand

New exhibition dates: 27th – 29th May 2021 – International trade fairs will offer a comprehensive exhibition and accompanying technical programme, covering the current topics of agricultural and horticultural solutions for the Asian markets

DLG International and VNU Asia Pacific are postponing AGRITECHNICA ASIA and Horti ASIA, which were scheduled to take place at BITEC, Bangkok, in October 2020. The uncertain travel entry regulations for Thailand have led organisers to the conclusion that it will not be possible to organise AGRITECHNICA ASIA and Horti ASIA in a form that is appropriate for such leading international trade fairs for exhibitors and visitors this year. The new dates for the exhibitions are 27th to 29th May 2021.

This decision to postpone AGRITECHNICA ASIA and Horti ASIA has been taken in close coordination with the partners, exhibitors and visitors of both trade fairs.

“Our decision to postpone both of the trade fairs was not taken lightly. In view of the continuing uncertainty surrounding the overall international travel situation and uncertain entry regulations for Thailand in the context of the coronavirus pandemic, however, we cannot foresee that it will be possible to conduct AGRITECHNICA ASIA and Horti ASIA in the usual form that is appropriate for exhibitors and visitors. The international nature of both exhibitions is precisely what makes the events an important international meeting point for experts and decision-makers,” says Bernd Koch, Managing Director of DLG International.

“We are convinced that postponing AGRITECHNICA ASIA and Horti ASIA until May 2021 will enhance the reputation of both events, as leading international trade fairs for the Asian markets and will further ensure optimal planning and preparation for exhibitors and visitors alike. The decision was taken after extensive consultation with our key stakeholders with the end result being that the large majority preferred to postpone the exhibitions to May 2021,” adds Heiko M. Stutzinger, Managing Director of VNU Asia Pacific.

AGRITECHNICA ASIA & Horti ASIA – Digital Connect

In order to bridge the time until May, the organizers will offer a series of online sessions and product pitches starting from October 14th. Manufacturers, buyers and agricultural experts will be invited to experience and get connected with exhibitors via this new interactive online platform `AGRITECHNICA ASIA & Horti ASIA – Digital Connect´.

Up-to-date information on the two trade fairs and the planned online platform can be found at: www.agritechnica-asia.com and www.horti-asia.com

New exhibition dates: 27th - 29th May

Agro chems – Chemicals, Agro chems – Pesticides, Finance

 Profit after tax is at Rs 24 crore in the first quarter of current fiscal from Rs 36 crore in Q1 FY20. 

Agrochemicals manufacturer Insecticides India has reported a 33 per cent drop in its profit after tax at Rs 24 crore in the first quarter of current fiscal from Rs 36 crore in Q1 FY20.Total revenue moved up by 14 per cent to Rs 411 crore in Q1 FY21 from Rs 360 crore in Q1 FY20. The company said revenue growth was driven by all segments.

Branded sales increased by 16 per cent and contributed 73 per cent to total revenue while exports increased by 53.3 per cent and institutional sales increased by 5.3 per cent.

But earnings before interest, taxes, depreciation and amortisation (EBITDA) fell to Rs 49 crore from Rs 63 crore in the same period. Finance cost came down to Rs 2.2 crore from Rs 6.9 crore while basic earnings per share too dropped to Rs 11.65 from Rs 17.39. 

Managing Director Rajesh Agarwal said profitability for the quarter was impacted due to challenges caused by Covid-19 pandemic like raw and packing material availability constraint, transportation challenges, and shortage of labour and liquidity crunch in the market. 

“Furthermore, we made a provision for trades receivables amounting to Rs 10 crore. Looking forward, the forecast of a normal monsoon has created prospects of a healthy crop season and support of government through fiscal and monetary reforms for agriculture sector during the crisis will go a long way in augmenting the sector’s growth.” Agarwal said the company has 13 products approved under 9(3) category and the plan to launch total of 10 new products in current fiscal year remains on track.

Insecticides India has formulation facilities at Chopanki in Rajasthan, Samba and Udhampur in Jammu Kashmir, and Dahej in Gujarat. It also has technical synthesis plants at Chopanki and Dahej to manufacture technical grade chemicals also providing a competitive edge by backward integration.

 

 

 

 Profit after tax is at Rs

Agrotech, IT

The HFIs provide a range of data on multiple aspects of the economy, like fertilizer sales, trade in agricultural commodities, 

Indian School of Business (ISB) launched the portal that brings together several high-frequency indicators (HFIs) of India’s Economic Recovery. This allows real-time analysis of patterns of economic recovery. 

The portal, indiadataportal.com/jsi, is part of the JumpStartIndia@ISB project of the school. The HFIs provide a range of data on multiple aspects of the economy, including fertilizer sales, trade in agricultural commodities, registration of new businesses, registration of different types of vehicles, digital transactions and payments and demand for wage labour under MGNREGA.The portal also facilitates comparison of different high indicators for the current year (2020) with similar data for last year (2019). 

It will provide journalists, citizens, and policymakers visual insights into important indicators at daily or monthly frequency in near-real-time and at district or state-level. 

Prof Ashwini Chhatre, Executive Director, Bharti Institute of Public Policy at the ISB Indian School of Business said: “As the economy recovers from the pandemic-induced lockdown, we are identifying and monitoring select parameters that indicate change in the level of economic activity. This would help governments and policy makers in their plans and decision making to get India back on track of economic growth in post- Covid scenario.” 

“It is interesting to note that some indicators of economic activity like new company registrations and quantity of fertilizers sold are performing better than last year within a month of relaxation of the lockdown norms,” Chhatre said. 

The data is sourced from public agencies. The daily updated indicators include MGNREGA jobs and expenditure, fertilizer sales, economic value of agricultural commodities traded at mandis, digital payments, Aadhar authentications and electricity supply. The list of monthly indicators includes company registrations, e-way bills, GST collections, foreign direct investment, foreign portfolio investment, railway freight for essential goods, and vehicle registrations by type. 

The data is now available in English and work is on to present it in six regional languages soon.

The HFIs provide a range of data

E-commerce, Seeds

It will help accelerate Syngenta Seeds’ entry into the South African seeds market 

 

 

 Syngenta Seeds announced  that it has completed the acquisition of Sensako, a South African seed company specializing in cereals. 

Sensako is a leading R&D seeds company with roots going back to 1958. It has a strong wheat market position in South Africa with additional sales in Namibia, Zambia and Lesotho. The acquisition will lay the foundation for growth and help accelerate Syngenta Seeds’ entry into the South African seeds market in wheat, corn and sunflower. 

“We’re excited to connect Sensako’s talented team with our growing global seeds business,” says Jeff Rowe, President Syngenta Seeds. “This strategic investment opens the door for us to bring more choice, innovation and technology to help growers thrive in the region. Most importantly, we’ll have the opportunity to bring our leading Viptera trait technology to growers to address the permanent, rapidly spreading threat of Fall Armyworm in South Africa.” 

Sensako is currently a distributor for Syngenta’s sunflower seeds. Syngenta Seeds also sells vegetable seeds in South Africa, and Syngenta Crop Protection is a major player in that market. 

“Thanks to the strong Sensako brand, Syngenta Seeds is able to enter the wheat market in South Africa as a market leader,” says Gaël Hili, regional director for Europe, Africa and Middle East (EAME) Seeds. “With our leading global germplasm pool, and Sensako’s existing breeding programs and experienced R&D leadership in Africa, we also have a significant growth opportunity in core crops – corn, sunflower and soy.” 

Patrick Graham, commercial director for Sensako added: “Since assuming ownership over Sensako in 2008, our core focus has been on benefiting grain producers and processors with our proven genetics and solid research platforms. In Syngenta, I am sure that we have a partner with similar values. Syngenta’s extensive experience, technology and knowhow in the seed arena together with the platform and assets that Sensako offers will be of tremendous value and benefit to South African agriculture.” 

Francois Koekemoer, director Research & Development for Sensako expressed: “I am very excited and looking forward to be actively involved in incorporating the technology and access to germplasm sources into South African backgrounds which Syngenta has to offer. This combined effort will provide tremendous value to the Southern African producers.”

It will help accelerate Syngenta Seeds’ entry

R&D, Seeds

By Dr Shivendra Bajaj, Executive Director, Alliance for Agri Innovation (AAI) 

 

Whenever a new technology is introduced, there are always some who will challenge the usefulness of such technology. It may be either a fear of unknown or just being plain scepticism, but we always see the debate on both sides. This debate is good as long it is healthy and allows everyone to put forward their viewpoints and let the data and science to speak for itself.  The debate about Genetically Modified (GM) crops is no exception. However, the fact is, GM technology is not new anymore. This year is the 25th anniversary of the commercialization of GM crops. During these 25 years of cultivation, more than a trillion meals have been served which had one or more ingredients derived from GM crops and there is not a single substantiated claim of any ill effect on health which could be attributed to GM crops. In India, GM cotton or commonly known as Bt cotton (because of Bt gene that controls a certain group of insects) has been successfully cultivated for the last 18 years and today more than 95 per cent  cotton growing area in India is under Bt cotton. Yet, there are some groups in India who oppose GM crops regardless of any data or the fact that we have been consuming the oil derived from Bt cotton and the livestock is fed for that long and again without a single substantiated claim of any ill effect.

This opposition to GM crops as a principle was highlighted when recently, a group wrote to the Chief Ministers of different states not to even allow research field trials of Bt Brinjal in their states. While a debate on a technology (even though it is proven for last 25 years) based on hard facts and not emotions or scare mongering is welcome but opposition to even conduct research field trials is not justified by any means.  We should remember that earlier, a different version of Bt Brinjal was trialled and approved by then Genetic Engineering Approval Committee. However, the then Environment Minister put a moratorium on the commercialization of Bt Brinjal in 2010 and unfortunately that moratorium continues.  It is ironical that Bangladesh went ahead, did the research that suited to their environment, while accepting the safety data from India and commercialized it in 2014. If the then Government of Bangladesh had caved in from the pressure of its NGOs and didn’t conduct research field trials and eventually approve, its farmers would have lost the benefits that they are enjoying now in terms of resistance to insects and higher yields. 

In Bangladesh, Bt Brinjal has provided around 20 per cent  increase in yields and approximately 22 per cent higher revenue compared in non Bt varieties. We should also note that this data is published in peer reviewed science journal by independent organizations. Coming back to India, now another company has introduced a different Bt gene in Brinjal which was developed by the National Institute of Plant Biotechnology under ICAR. To test the efficacy of this locally developed Bt gene, impact on food/feed/environmental safety, research field trials are necessary. If even research field trials are not allowed, we will not know the usefulness of this technology. It is also interesting to hear the surprise and market monopolization concerns that have been attributed to the opposition to the field trials. In fact, if these trials continue and usefulness of this second Bt Brinjal technology is determined, it will provide competition to the earlier Bt Brinjal given the moratorium is lifted and commercialization takes place. 

I wrote an article almost five years ago that it’s time to give science its fair due when it comes to GM crops and now, its overdue. Opposition to GM technology should not be entertained without hard science facts and allowing research trials is the only option to know these facts. The “Not to Bt” should not be an option otherwise we will not know the “To Bt” scenario. We know through Bt cotton in India and Bt Brinjal in Bangladesh experience that the benefits of “To Bt” choice by far are preferable to the losses of “Not to Bt”.

By Dr Shivendra Bajaj, Executive Director, Alliance

Agro chems – Chemicals, Finance

Sales declined 7.53 per cent to Rs 388.90 crore in the quarter ended June 2020 as against Rs 420.57 crore during the June 2019.  

Net profit of Sharda Cropchem rose 22.54 per cent to Rs 27.89 crore in the quarter ended June 2020 as against Rs 22.76 crore during the previous quarter ended June 2019. Sales declined 7.53 per cent to Rs 388.90 crore in the quarter ended June 2020 as against Rs 420.57 crore during the previous quarter ended June 2019.

The Company is a fast growing global agrochemicals company with leadership position in the generic crop protection chemicals industry. It has made deep inroads in the highly developed European and US markets which are characterized as high entry barrier markets. It also has a significant presence in other regulated markets such as LATAM and rest of the World.

The Company has an asset-light business model whereby it focuses on identifying generic molecules, preparing dossiers, seeking registrations, marketing and distributing formulations through third party distributors or its own sales force. The Company’s core competence lies in developing product Dossiers and seeking product registrations in different countries.

 

 

 

Sales declined 7.53 per cent to Rs

Agro Universities, Oilseeds, R&D

 It will give 30% higher yield compared to the existing varieties and shorter crop period 

Two new groundnut varieties with high oleic acid content developed by Hyderabad based International Crops Research Institute for the Semi-Arid Tropics (ICRISAT) in association with the Indian Council of Agricultural Research-Directorate of Groundnut Research would be made available to the farming community in Telangana from the next season.

This was stated by the Minister for Agriculture, Singireddy Niranjan Reddy, after a meeting with a team of scientists from ICRISAT. The Minister stated that the new varieties known as Girnar 4 (ICGV-15083) and Girnar 5 (ICGV-15090) would be most suitable for cultivation in the erstwhile Mahabubnagar, Rangareddy and Nalgonda districts. 

Niranjan Reddy said the new varieties could withstand moisture stress and Telangana state can produce high quality groundnuts. Groundnut is largely cultivated in Rabi season (post-rainy) in Telangana state under irrigation. The harvesting is done in dry months rendering the produce to be less prone to Aflatoxin contamination. This enables production of high quality and food safe groundnuts in Telangana state. 

The Minister noted that they would also give 30% higher yield compared to the existing varieties and the crop period would be less than four months — 115 days. The new varieties would also ensure better price to the farmer. 

ICRISAT scientists sought the cooperation of the State government for seed production on a large scale with the help of Telangana State Seed Development Corporation (TSSDC).

 It will give 30% higher yield compared

Agro Universities, R&D, Seeds

The wheat has good combination of yield, protein, straw strength and disease resistance. 

 

The University of Minnesota has released a new hard red spring wheat variety called ‘MN-Torgy.’ MN-Torgy features a good combination of yield, protein, straw strength and disease resistance. 

Jim Anderson, University of Minnesota wheat breeder, Department of Agronomy and Plant Genetics, says: “MN-Torgy has shown its promise to perform well across the wheat growing region and its straw strength is better than higher yielding varieties.” 

MN-Torgy stood out in both state and regional trials including the Uniform Regional Nurseries trials where it finished 3rd out of 30 entries in 2017 and 2018.

Jochum Wiersma, University of Minnesota Extension Agronomist, stresses that: “MN-Torgy’s performance in UMN field trials and NDSU trials showcase its adaptability and highlight its value.” 

The new release is named in honour of Dave Torgerson, a familiar name for northwest Minnesota farmers, who retired as Executive Director of both the Minnesota Wheat Research and Promotion Council and the Minnesota Association of Wheat Growers in 2019. 

“I was lucky to have worked for wheat growers who supported wheat research and the UMN wheat breeding program so strongly,” says Dave Torgerson. “When growers see the name it should remind them of Jim Anderson and the entire UMN breeding team who work tirelessly to develop better varieties for them.”

 The support of the MN wheat organizations under Torgerson’s tenure has been instrumental in the release of other recent University of Minnesota spring wheat varieties; MN-Washburn (2019), Lang-MN (2017), Shelly (2016), Bolles (2015), Linkert (2013), and Rollag (2011). In addition, their support has been critical for other small grain research, which has benefited farmers throughout the upper Midwest. 

Performance data and comparisons to other popular MN wheat varieties are included in the tables below. Additional performance data of previously released varieties can be found on the Minnesota Agricultural Experiment Station website at www.maes.umn.edu. Prior to being formally named, MN-Torgy was tested as MN14105-7.

The wheat has good combination of yield,

Agrotech, Dairy

At present, registration of more than 4500 artificial insemination calls done by Amul Call Centre daily. 

 

Amul Dairy has decided to digitize the artificial insemination service in its operational area. It was initiated on an experimental basis in the year 2019 in 25 village milk producer societies and was monitored and studied for one year. 

After getting appreciable functional and operational results, all the 1200 village level milk producer societies of Amul Dairy milk shed area have been covered under digitalization. More information about this initiative shared by Amit Vyas, Managing Director of Amul Dairy, Anand. On registration in Amul call centre for AI, an automatic message is sent to the milk producer as well as the artificial insemination technician of the milk society through mobile.

The artificial insemination technician immediately reaches the milk producer’s house and performs the artificial insemination and updates all the information in the mobile on the spot, the message of artificial insemination completion is received at Amul call-centre and milk producer. Pregnancy diagnosis is done after 2.5 month for which artificial insemination is notified through SMS. If the animal is found pregnant, the information is updated in the mobile application system. After nine months, calving related information like sex of calf is registered in the mobile application along with its date of birth. With this information, deworming and vaccination can be planned by Amul Dairy. There is no need to keep physical record by milk producer as all the information is stored by Amul Dairy through software system.

Digitization of artificial insemination provides instant service to the milk producers as well as information of milch cattle is also stored in the mobile software system and can be analysed. 

The artificial insemination technicians do not have to write or save any kind of register and every information has to be filled in the mobile application system on the spot. This help to save a lot of time and they can perform better.

 Vyas further said that a very good response to this method has been received from the members of all village milk producer societies in the Amul Dairy milkshed area. Digitization of AI services will help to get the data of pregnancy months, calving prediction and milk production accordingly. This will help to plan milk processing at plant level. At present, registration of more than 4500 artificial insemination calls done by Amul Call Centre daily. Still Amul Dairy is trying to make this method more effective and efficient. Amul Dairy perform more than 1 million artificial insemination annually in milk shed area. Through digitalization, transparent information as well as its analysis can be used to make accurate decisions and make the animal husbandry business flourish.

 

 

At present, registration of more than 4500

Agrotech, E-commerce

By Dr Venkat Maroju, CEO SourceTrace

Agriculture around the world has gone through the most disruptive phase in decades. When Covid has been defeated, the old challenges will be around compounded by global shrinking economy, rising poverty and impact of accelerated climate change that we have seen recently. How do we start from a weaker position than before and fight a challenge bigger than faced by last few generations?

While it is agreed that incremental changes may not be enough, there are a lot of debates around what can be called transformational. The recent policy changes in India are being seen as providing a major impetus to the sector. But by no means are those measures enough. We need to look at adoption of digital technologies in this context.  

While the number of technology providers has boomed in India, the rate of adoption is still sluggish. Partly due to problems in financing adoption and partly due to lack of digital infrastructure and large showcase projects that can encourage trust. However, the Covid era will be remembered for two things: unforeseen disruption and unprecedented collaboration. Since the coming of digital technologies, this is the first time there was an industry-wide effort to work together in a pure problem-solving mode. 

Consolidation will be key

There are a lot of opinions on whether the last decade saw nominal or phenomenal growth for agritech as a sector. But one thing for sure, the coming decade will be about consolidation. For example, we saw a lot of experiments taking place in farm to home space during the lockdown. Farmer groups, logistics companies, entrepreneurs, ecommerce startups and volunteers came together in unprecedented ways to keep the supply chain functional. As a result, a lot of direct farm to home initiatives flourished.  

However, will those small businesses retain the lead, will the consumer continue to opt for this when ease is not the prime criterion? This is where collaboration will be key. Companies need to come together to create a value proposition that goes beyond one parameter, that builds a use case that the retailer can’t.

Can we just not deliver but connect the farmer with the customer? Can we give the customer the tools to decide how much information he needs and whether he wants to just buy or enter into an interactive relationship? These opportunities are beyond any one solution. While companies have shown incredible readiness to collaborate during past few months, it will be interesting to see if we still see value in collaboration or move back to the old ways.

Data is the logic that builds partnerships 

While collaboration as an idea is laudable, it needs common grounds to enable partnerships. Data can form that common ground. The agriculture ecosystem is still very fragmented and there are enough gaps for collaborations to be mutually profitable. The daunting data gaps can be exploited as business opportunities. After almost a decade of agritech startups competing against each other, now the era of partnerships is upon us.

Making adoption easy 

Most clients are still confused about technology. We are guilty of throwing at him a ton of literature on pros and cons of remote sensing, drones and IOT sensors. The new era will be one when these solution providers will tie up in the backend and provide the solution that a customer needs, not three different brochures. 

We work in a sector where change is needed urgently but the wheels turn slowly. We don’t have the luxury of time. We need to come together and accelerate the process ourselves and not wait for the ecosystem to evolve.  

Partnering your way to growth

Let me give you an example of how we are following this at SourceTrace. When our customers seek traceability solutions, food quality is an intrinsic part of the discussions. It gives us and quality assaying companies to come together. And, that is how we built TraceNext with AgNext, a platform that brings blockchain based traceability and AI enabled quality testing for the first time. The partnership increases the value proposition of our individual solutions and makes it easier for the client to implement advanced solutions. 

This is a model that can be followed by others too. The goals can be to:

  • Integrate complementary solutions
  • Explore new geographies together
  • Share sales/extension staff
  • Outsource internal technology requirements
  • Service different sections of the value chain 

Business leaders can decide on the partnership model and modalities based on their operational and strategic needs. But the path to fastest growth is a shared one.

 

 

By Dr Venkat Maroju, CEO SourceTrace

Agro chems – Fertilizers, Trade

Increasing prices and limited supply has hit the business

Indian state owned importers National Fertilizers Limited (NFL) and Gujarat State Fertilizer & Chemicals Limited (GSFC) have reissued their respective tenders to buy 10,000t of Diammonium phosphate (DAP) after their initial tenders did not receive any offers. Due to the new government rule on public procurement which does not allow Chinese producers and Chinese-owned firms from participating, both importers are not likely to receive many offers.

The limited availability of DAP for September shipment can be deduced from the fact that even trading firms without Chinese ownership did not submit offers under NFL’s tender. Indications for DAP in India have risen to the mid-$330s/t cfr, but latest concluded business haven’t touched $330/t cfr.

 In Pakistan, importer Pakarab has reissued its tender to buy 100,000t of DAP. Chinese producers are focusing on their domestic market and are waiting for prices to rise further before selling the few remaining September-loading vessels. Several Chinese producers have withdrawn their tenders for September shipment. Indications have risen to the high/mid-$320s/t fob though confirmed sales are yet to increase beyond $320/t fob.

 

Increasing prices and limited supply has hit

Acquaculture, R&D

Rs 5.66 crore has also been sanctioned for the three-year study by the MPEDA. 

The Central Marine Fisheries Research Institute (CMFRI) launched a research project to assess the status of 27 species of marine mammals and five species of sea turtles in Indian waters.

 The study aims to address the crucial information gap on status of stocks of marine mammals as well as of sea turtles. Rs 5.66 crore has also been sanctioned for the three-year study by the Marine Products Export Development Authority (MPEDA).

 This research assumes significance in the context of emerging seafood trade-related challenges faced by the country. 

The National Oceanic and Atmospheric Administration (NOAA), USA had issued import provisions of Marine Mammal Protection Act (MMPA), stating that seafood-exporting countries should not allow intentional killing of marine mammals in commercial fisheries. 

For exporting fish and fish products, the US has given a five-year exemption period starting January 1, 2017 to nations for developing regulatory programmes by assessing marine mammal stocks. 

J.K. Jena, Deputy Director General of Indian Council of Agricultural Research (ICAR), while launching the project through a webinar, said that this research project would bolster the preparedness of the country in meeting the challenge faced by the seafood export industry, and enhance the indigenous capacity to address the emerging conservation concerns of marine mammals and sea turtles. 

Gopalakrishnan, director of CMFRI, said marine mammals and sea turtles play key roles in maintaining marine ecosystems. 

“While government and non-governmental organisations have undertaken studies on distribution, biological and ecological characteristics, the information on status of stocks of marine mammals as well as of sea turtles is not available”, said the director.

K.S. Srinivas, chairman, MPEDA said the country is looking forward to this project with a hope that it would help solve the issues related to seafood exports in the country and is being implemented with the technical support of NOAA.

                                                                                                                 Source-IANS

 

 

Rs 5.66 crore has also been sanctioned

Organic

Sikkim became the first state in the world to become fully organic .

The demand for healthy and safe food is showing steady growth and with it the rise of organic farming globally as the world continues to be besieged by the COVID-19 pandemic. India ranks first in the number of organic farmers and ninth in terms of area under organic farming.

Sikkim became the first state in the world to become fully organic and other states such as Tripura and Uttarakhand are following suit. Two dedicated programs, Mission Organic Value Chain Development for North East Region (MOVCD) and Paramparagat Krishi Vikas Yojana (PKVY) were launched in 2015 to encourage organic chemical free farming.

The major organic exports from India have been flax seeds, sesame, soybean, tea, medicinal plants, rice and pulses, which were instrumental in driving an increase of nearly 50 percent in organic exports in 2018-19, touching Rs 5151 crore. The Green Caravan of Kohima created market linkages from all villages of Nagaland to urban areas for vegetables, handicrafts and handlooms (www.instamojo.com).

There were online sale of fruits and vegetables by FPOs in Maharashtra and doorstep delivery in specially designed electric vans in Punjab. The organic e-commerce platform www.jaivikkheti.in has been strengthened for directly linking farmers with retail as well as bulk buyers.

 

Sikkim became the first state in the

Finance, Schemes - NABARD

 It will help in creating post-harvest infrastructure in villages and rural areas to generate employment opportunities 

 

 

National bank for agriculture & rural development or NABARD Assam in Association with State Government has recognized 46 Primary Agricultural Co-operative Societies (PACS) for a monetary aid under Agri- Infra Fund. 

This endowment was formally started by Prime Minister of India on August 9, 2020. As a part of the Government of India’s major agri-sector reformation, this will help in creating post-harvest infrastructure in villages and rural areas to generate employment opportunities for a wide range of consumers and activities regarding Agri- start-ups, agri-entrepreneurs and farmers. 

S.S Saha, CGM, NABARD, Assam claimed that Fund with a capital of Rs. 1 lakh Crore is proposed to be invested by government of India over a period of 4 years, which will help in accessing credit with a 3% interest subsidy up to a loan of Rs 2 crore further supported with credit guarantee to be parked with NABARD and NCDC. Moratorium for repayment under this financing benefit may vary between 6 months to 2 years. 

Saha also said that “in-principle” approval has been accorded by NABARD for 7 out of these 46 PACS recommended by Registrar of Coop Societies (RCS), Government of Assam, with a financial outlay of Rs.4 Crore in bringing out a solution for warehousing, cold storage and food processing units in Assam. He told that with the capital of Rs. 1 lakh crore of this flagship scheme will be a breakthrough for the rural economy in the country. 

 

 

 It will help in creating post-harvest infrastructure