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Finance

CCEA approves bouquet of schemes to boost wellbeing of farmers

CCEA approves continuation of Urea Subsidy Scheme; Rs. 3,68,676.7 Crore committed for urea subsidy for 3 years The Cabinet Committee on Economic Affairs (CCEA) approved a unique package of innovative…

Centre approves highest ever Fair and Remunerative Price for sugarcane for 2023-24

The latest FRP of Rs.315/qtl at a recovery rate of 10.25 per cent is higher by 100.6 per cent over production cost. Keeping in view interest of sugarcane farmers (GannaKisan),…

Impact venture capital firm Omnivore announces First Close of Third Fund at $150 Mn

Omnivore expects to make 25-30 new investments in Seed and Series A rounds of agritech startups, with initial cheque sizes ranging between $1 million and $5 million.  Impact venture capital…

India’s seafood exports touch an all-time high in FY 2022-23

USA the largest importer of Indian seafood followed by China, EU, South- East Asia, Japan and Middle East. India achieved an all-time high export of seafood both in terms of…

Satellite agri analytics startup Satyukt raises Rs 10 Cr from NABVENTURES Fund

The fresh infusion of capital will enable Satyukt Analytics to expand its satellite network, enhance its analytics infrastructure, and further refine its algorithms.  Satyukt Analytics Private Limited, a Bengaluru-based agri…

Heifer International, EthicHub invest $420,000 to improve financial access for Coffee farmers in Mexico

The investment aims to significantly ease the availability of finance and access to targeted cooperatives at a 9.9 per cent interest rate ceiling Heifer Impact Capital (HIC), announced a joint…

ADB, India sign $130 million loan to promote horticulture in Himachal Pradesh

The project builds upon a pilot financed by ADB’s project readiness facility which demonstrated the subtropical horticulture production of over 200 hectares The Government of India and the Asian Development…

Govt of Meghalaya extends 100% subsidy in premium for crops insurance

Government of Meghalaya has decided to provide free premium support amounting to Rs. 4.4 crores, covering both Kharif and Rabi seasons during 2023-24. The Government of Meghalaya is extending premium…

 MSP for Kharif crops for marketing season 2023-24 is non-inflationary: SBI Ecowrap report

The report also mentioned that MSP might be converted to floor price of auction on e-NAM to benefit farmers.   State Bank of India’s Economic Research Department has published a report…

Centre increases Minimum Support Prices for Kharif crops for marketing season 2023-24

The expected margin to farmers over their cost of production are estimated to be highest in case of bajra (82 per cent) followed by tur (58 per cent), soybean (52…

Centre approves Rs 1.08-lakh Cr subsidy for fertilisers for Kharif Season 2023-24

The Cabinet has approved Rs 70,000 crore subsidy for urea and Rs 38,000 crore for DAP and other fertilisers for Kharif Season 2023-24. The Union Cabinet has approved a Rs…

mooMark launches Heat Index Insurance plan for dairy farmers

The insurance plan for dairy farmers to protect their income loss arising from drop in milk yield during summers. Stellapps’ fintech arm mooPay, in partnership with IBISA Network, HDFC ERGO…

Mahindra’s FES sells 33,113 tractors in domestic market during May 2023

Total tractor sales (Domestic + Exports) during May 2023 were at 34,126 units, as against 35,722 units for the same period last year. Mahindra & Mahindra Ltd.’s Farm Equipment Sector…

Agrograph and Planet Labs partner for enhanced agros insights

The partnership aims to benefit finance, insurance and agri-business service providers and government entities Agrograph announced a new partnership with Planet Labs PBC (Planet) to integrate Planet’s high-resolution global satellite…

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