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Finance

Budget 2024 announces financial support for setting up network of nucleus breeding centres for shrimp

Financing for shrimp farming, processing and export will be facilitated through NABARD. Finance Minister Nirmala Sitharaman presented the Union Budget 2024-25. In the first budget of the Modi 3.0 government,…

Govt allocates Rs 1.52 lakh crore for agriculture and allied sectors in the Budget for 2024-25

This substantial funding is set to bring transformative changes to India’s agricultural landscape. Finance Minister Nirmala Sitharaman presented the Union Budget 2024-25. In the first budget of the Modi 3.0…

 Govt to implement Digital Public Infrastructure in agriculture over 3 years in Budget 2024

Around 6 crore farmers will be brought into the Farmer Registry System. Kisan credit cards will be enabled in at least five states. Finance Minister Nirmala Sitharaman said while presenting…

Allied sectors of agriculture emerged as promising sources to improve farm income: Economic survey

Livestock sector grows at CAGR of 7.38 per cent; fisheries sector grows at 8.9 per cent between 2014- 15 and 2022-23. Economic Survey 2023-24 was presented in the Parliament today…

Agriculture sector registered average annual growth rate of 4.18 % over the last 5 years: Economic Survey

 Total area coverage of all oilseeds has increased from 25.60 million hectares in 2014-15 to 30.08 million hectares in 2023-24 registering 17.5 growth. Economic Survey 2023-24 presented in the Parliament…

CNH India marks production milestone with ​manufacturing 700,000 tractors in Greater Noida

The plant produces approximately 2,000 tractor variants, ranging from 35 to 120 horsepower across the two brands. CNH, a global leader in agriculture with its New Holland and Case IH…

Rallis India Limited reports revenue of Rs 783 Cr in Q1FY25

 In Q1 FY24 company posted Profit after tax was Rs 48 Cr, as compared to Rs 63 Cr of Q1 FY24. Crop care delivered strong volume led revenue growth of…

Govt approves 321 impactful projects under PMMSY with an outlay of Rs 114 Cr

Department of Fisheries provides financial assistance for formation of 2195 FFPOs under PMMSY and around 95 FFPOs on board on ONDC network. With an aim to hold strategic discussions with…

Govt to launch ‘Agri Fund for Start-Ups & Rural Enterprises’ to support Startup and Agripreneurs

Under this Blended Capital Fund, an equal contribution of Rs 250 crores each will be provided by the Department of Agriculture and Farmers Welfare and NABARD The Government is poised…

CIMMYT receives USD 21.1 Mn grant from Novo Nordisk Foundation for sustainable agriculture

Grant will be used to lead an innovation research initiative called CropSustaiN that is designed to reduce the nitrogen footprint of wheat cultivation. The Novo Nordisk Foundation has awarded a…

Gocarin Industries secures Rs 49 Lakh funding from KIIT TBI under BIRAC Leap Programme

The funding will be used to scale operations, enhance product development, and expand the company’s market presence. Gocarin Industries Pvt. Ltd., a pioneering startup in the agri-tech sector, announced that…

Sonalika Tractors reports sale of 41,465 tractors in Q1 FY2024-25

The company sold 14,062 tractors in the domestic market in June’24 which translates to sales growth of 16.6 per cent. Sonalika Tractors, leading tractor export brand announced that the company…

Union Ag Minister launches web portal for faster bank settlements of interest subvention claims

Investments worth Rs 72,000 crore have been mobilised with Rs 43,000 crore already sanctioned for 67,871 projects under Agriculture Infrastructure Fund till date. Union Minister for Agriculture and Farmers’ Welfare…

Mahindra reports sale of 45888 tractors in domestic market during June 2024

Total tractor sales (Domestic + Exports) during June 2024 were at 47319 units, as against 44478 units for the same period last year. Mahindra & Mahindra Ltd.’s Farm Equipment Sector…

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