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Finance

 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…

IBISA raises $3 Mn to scale parametric insurance solutions across Asia and Africa

The round was led by The Acumen Resilient Agriculture Fund (ARAF) and Equator, alongside the Asian Development Bank Ventures (ADBV) and existing investors including Ankur Capital. Headquartered in Luxemburg, IBISA,…

Novo Holdings announces investment in Indian agri-food tech company, AgNext Technologies

Funding round will support the company’s efforts to develop technologies for food quality assessments and enable the building of a team that will scale its product sales internationally.. Singapore based…

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