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Finance

CCEA approves Rs 1451.84 Cr for MDA to promote Organic Fertilizers from Gobardhan Plants

This initiative will facilitate implementation of establishing 500 new waste to wealth plants under GOBARdhan scheme for promoting circular economy, by increasing the viability of these BG/CBG plants. The Cabinet…

Nagaland Rubber Board flags off NE-MITRA project

NE-MITRA is a five-year project started in 2021 proposed to cover an estimated area of 20,000 ha during the plan period Rubber Board Regional Office in Nagaland flagged off NE-MITRA…

Mahindra’s Farm Equipment Sector sells 43,364 units in India during June 2023

Total tractor sales (Domestic + Exports) during June 2023 were at 44,478 units, as against 41,848 units for the same period last year.  Mahindra & Mahindra Ltd.’s Farm Equipment Sector…

DCM Shriram Foundation & Nudge Institute unveils Rs 2.6 Cr prize Agri water challenge

The challenge invites disruptive technology-driven agricultural startups and social entrepreneurs to innovate and provide tangible solutions to this intricate problem specifically focused on scalability for smallholder farmers. DCM Shriram Foundation…

Bayer grants $240,000 to University of Sydney to explore the potential of native grains

Research aims to produce plant seeds by selection from wild populations with characteristics suitable for commercial native grain production and food markets. Native grasses hold excellent nutritional value such as…

Yara Growth Ventures invests in Omnivore’s Third Fund

Investment will help Yara Growth ventures to identify potential disruptors in industry for collaboration and joint experimentation. Yara Growth Ventures has invested in the Omnivore Agritech & Climate Sustainability Fund,…

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…

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