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HomePosts Tagged "government of India" (Page 2)
AgroPolicy, Sugar industry

This fully digital initiative will facilitate smooth sugar market with deterrence to commodity hoarders from any speculative transactions.

Government of India has been successfully maintaining stable retail price of sugar in the country. As a proactive measure to combat hoarding and curb unscrupulous speculation in the sugar market Government has issued orders to mandatory disclose stock position of sugar for Traders/Wholesaler, Retailer, Big Chain Retailer, Processors of Sugar on the portal (https://esugar.nic.in) of Department of Food and PD on every Monday.

This mandatory weekly stock disclosure for these entities is another proactive step in Government of India’s efforts to maintain a balanced and fair sugar market. By preventing hoarding and speculation, Government of India is aiming to ensure that sugar remains affordable for all consumers. This proactive measure empowers regulatory authorities to closely monitor stock levels and take prompt action against any potential market manipulation.

This fully digital initiative will facilitate smooth sugar market with deterrence to commodity hoarders from any speculative transactions. Besides, it will also provide real-time data on sugar stocks and help the Government to make further policy decisions, as and when need arises, to mitigate the impact of rumours of rising sugar prices on consumers and the industry.

Further, Government is also expecting cooperation from sugar mills and traders to adhere to the relevant laws and monthly domestic quota norms. Strict action will be taken against the mills violating the same.

With 83 LMT at the end of August 2023 and expected beginning of crushing in Oct 2023, India has sufficient stocks for domestic consumption with absolutely no shortage for festivals. In fact, Government has released first tranche of domestic sales quota of 13 LMT also which sugar mills can start selling with immediate effect. More quota will be released in due course in view of market conditions.

This fully digital initiative will facilitate smooth

AgroPolicy, India, Interaction

The 14th World Spice Congress commenced on Friday, September 15 in Navi Mumbai where Amardeep Singh Bhatia, IAS, Additional Secretary, Government of India said, the India Spice market will reach the milestone of $10 billion export by 2030.

The mega spice event, the 14th World Spice Congress (WSC) commenced on Friday, September 15 at the CIDCO Exhibition Centre at Vashi in Navi Mumbai where around 1300 delegates both from India and internationally participated with great enthusiasm. Amardeep Singh Bhatia, IAS, Additional Secretary, Dept. of Commerce, Government of India, during his inaugural address for the 14th edition of the WSC said that India’s spice export is $4 billion and is expected to reach $10 billion by 2030.

“India is a leading player in the global spice industry. Traditionally India has been the spice centre of the world. In order to ensure that India continues to maintain its traditional strength there are several things to work on in the entire chain of spices from growers to marketers,” he added. “It is a shared responsibility of the government and Spices Board to come up with schemes and programmes to facilitate testing labs, assessment quality standards, etc. This three-day event will give a lot of business opportunities to all the stakeholders, delegates, exhibitors and producers,” he said.

Highlighting the potentials of the Indian spices industry, D Sathiyan, Secretary, Spices Board, said, “The spices legacy is part of human culture. India is the spice bowl of the world. There is tremendous potential to explore product development, biotech, etc. in India. More than 75 spices are grown in India and each state has spices to offer. The future of the world spice industry will be discussed at the three-day event of World Spice Congress.”

The first day of the event commenced with the inauguration of an exhibition highlighting the variety of spices and value-added spice products as well as innovative technologies and solutions in the spices industry and a visual presentation on Indian Spice Sector by D Sathiyan, Secretary, Spices Board. While presenting he highlighted the illustrious journey of the Indian Spice industry, current trends, emphasizing technology, sustainability, and the demand for unique blends. With an eye on the future, he ignited optimism for the industry’s boundless growth potential in an increasingly diverse world.

                                                                                                                    By Abhitash Singh

The 14th World Spice Congress commenced on

AgroPolicy, Foodgrains, India, Supply Chain

Centre brings down the reserve price by Rs 200 per qtl and the effective price will be Rs 2900 per Qtl.

Government of India has decided that Food Corporation of India (FCI)shall offload 50 LMT of wheat and 25 LMT of rice in open market in a phased manner under Open Market Sale Scheme (Domestic)[OMSS(D)] for sale through E-auction. Keeping in view the experience of the past 5 e-auctions for rice by FCI, it has been decided that the reserve price will be brought down by Rs 200/Qtl and the effective price now will be Rs 2900/Qtl. The cost on account of reduction in the reserve price will be borne from the Price Stabilization Fund maintained by the Department of Consumer Affairs.

As on 7.8.2023 in one year, the wheat prices have gone up by 6.77 per cent in retail market and 7.37 per cent in wholesale market. Similarly, the rice prices in retail market have gone up by 10.63 per cent and 11.12 per cent in wholesale market.

Keeping in view the benefit of over 140 crore citizens of the country, Government of India has taken this decision to offer wheat and rice under OMSS(D) to private parties for increasing availability, moderate the rise in market prices and control food inflation. However, it is relevant to mention that Government is also providing foodgrains to NFSA beneficiaries as per their entitlement free of cost as committed under Pradhan Mantri Garib Kalyan Anna Yojna (PM-GKAY) w.e.f. 1st January, 2023.

Stocks are offloaded under OMSS(D) from time to time to achieve multiple objectives including, inter-alia, disposal of excess stocks, reducing the carrying cost of foodgrains, enhance supply of foodgrains during lean season & deficit regions and to moderate the market prices. In the calendar year 2023, wheat & rice are being offloaded by FCI in a phased manner as per reserve prices fixed by GoI.

Centre brings down the reserve price by

Company News, Horticulture, India

The event will be held from September 25th to 28th at the Bangalore Palace in Bengaluru

The 5th World Coffee Conference (WCC) 2023 has been announced by the International Coffee Organisation (ICO), in partnership with the Coffee Board of India, Ministry of Commerce and Industry, Government of India, Government of Karnataka, and the coffee industry. The event will be held from September 25th to 28th at the well-known Bangalore Palace in Bengaluru.

During the unveiling, the global coffee community gathered to celebrate the future of the coffee sector, with the theme of ‘Sustainability through Circular Economy and Regenerative Agriculture,’ reflecting the industry’s commitment to environmentally friendly practices. Dr S. Selvakumar, Principal Secretary of the Commerce & Industries Department, Government of Karnataka, highlighted the investment and employment opportunities across the coffee value chain.

Dr K.G. Jagadeesha, CEO, and Secretary, of the Coffee Board of India, announced Rohan Bopanna, India’s top Tennis Player and Arjuna Awardee, as the Brand Ambassador for the event, which marks the first time Asia will host the conference.

Jagdish Patankar, Executive Chairman of MM Activ Sci-Tech Communications and Event Curators, presented an exciting lineup of activities, including a Conference, Exhibition, Skill-Building Workshops, CEO & Global Leaders Forum, Growers Conclave, Competitions & Awards, Plantation Tours, Cultural Evenings, Buyer-Seller Meet, and B2B Meetings, ensuring a comprehensive and enriching experience for attendees.

The event will be held from September

AgroPolicy, Foodgrains, India

A quantity of 1.16 LMT wheat from 361 depots and 1.46 LMT rice from 178 depots were offered from across the country

The Food Corporation of India (FCI) organised the 5th e-auction of 2023-24 to sell wheat and rice.  The e-auction sold 1.06 LMT of wheat and 100 MT of rice.

In order to control the retail price of rice, wheat and atta, weekly e-auctions are being organised. The government of India is committed towards price stabilisation and its market intervention is aimed at providing relief to the consumers.

A quantity of 1.16 LMT wheat from 361 depots and 1.46 LMT rice from 178 depots were offered from across the country.

The weighted average selling price was Rs. 2182.68/qtl for FAQ wheat against the reserve price of Rs. 2150/qtl Pan India whereas the weighted average selling price of URS wheat was Rs. 2173.85/qtl against the reserve price of Rs. 2125/qtl.

The average selling price was Rs. 3151.10/qtl for rice against the reserve price of Rs. 3151.10/qtl Pan India.

In the current tranche of e-auctions, the reduction in retail price is being targeted by offering up to 100 tonnes maximum for a buyer for wheat and 1000 tonnes for rice. This decision encourages small and marginal end users and ensures that more participants could come forward and bid for the quantity from their depot of choice.

A quantity of 1.16 LMT wheat from

AgroPolicy, Foodgrains, India, Trade

To ensure adequate domestic availability at reasonable prices.

In order to ensure adequate availability of Non-Basmati White Rice in the Indian market and to allay the rise in prices in the domestic market, Government of India has amended the Export Policy of above variety from ‘Free with export duty of 20 per cent’ to ‘Prohibited’ with immediate effect. The domestic prices of Rice are on an increasing trend. The retail prices have increased by 11.5 per cent over a year and 3 per cent over the past month.

Export duty of 20 per cent on non-basmati white rice was imposed on September 8 ,2022 to lower the price as well ensure availability in the domestic market.  However, the export of this variety increased from 33.66 LMT (Sept-March 2021-22) to 42.12 LMT (Sept-March 2022-23) even after imposition of 20 per cent export duty. In the current FY 2023-24 (April-June), about 15.54 LMT of this variety of rice was exported against only 11.55 LMT during FY 2022-23 (April-June), i.e., an increase by 35 per cent. This sharp increase in exports can be ascribed to high international prices due to geo-political scenario, El Nino sentiments and extreme climatic conditions in other rice producing countries, etc.

Non-Basmati White Rice constitutes about 25 per cent of total rice exported from the country.  The prohibition on export of Non-Basmati White Rice will lead to lowering of prices for the consumers in the country.

However, there is no change in Export policy of Non-Basmati Rice (Par Boiled Rice) and Basmati Rice, which forms the Bulk of Rice exports. This will ensure that the farmers continue to get the benefit of remunerative prices in the international market.

To ensure adequate domestic availability at reasonable

AgroPolicy, India, Machinery – Post-harvesting

Techno-commercial pilot projects for Paddy Straw Supply Chain will be established under the bilateral agreement between the Beneficiary/Aggregator and Industries utilising the paddy straw.

The Government has revised the Crop Residue Management guidelines enabling efficient ex-situ management of paddy straw generated in the States of Punjab, Haryana, UP and Delhi. As per the revised guidelines, techno-commercial pilot projects for Paddy Straw Supply Chain will be established under the bilateral agreement between the Beneficiary/Aggregator (Farmers, rural entrepreneurs, Cooperative Societies of Farmers, Farmers Producer Organizations (FPOs) and Panchayats) and Industries utilizing the paddy straw.

Govt shall provide financial assistance on the capital cost of machinery and equipment. The required working capital may be financed either by the Industry and Beneficiary jointly or utilising the Agriculture Infrastructure Fund (AIF), NABARD Financial or Financing from the Financial Institutions by the beneficiary. The land for storage of the collected paddy straw will be arranged and prepared by the beneficiary as may be guided by the end use industry.

Project proposal based financial assistance will be extended for machines and equipment such as Higher HP Tractor, Cutters, Tedder, Medium to Large Balers, Rakers, Loaders, Grabbers and Telehandlers which are essentially required for establishment of paddy straw supply chain.

State Governments shall approve these projects through project sanctioning committee. Government (jointly by Central and State Governments) will provide financial support of @ 65 per cent of the project cost, Industry as primary promoter of the project will contribute 25 per cent and will act as the Primary consumer of the feedstock collected and Farmer or group of Farmers or Rural Entrepreneurs or Cooperative Societies of Farmers or Farmers Producer Organizations (FPOs), or Panchayats will be the direct Beneficiary of the project and will contribute the balance 10 per cent.

The Outcomes of the above interventions are:

  • The initiative will supplement the efforts of paddy straw management through in-situ options
  • During the three-year tenure of the interventions, 1.5 million metric tonnes of surplus paddy straw are expected to be collected which would otherwise have been burnt in fields.
  • About 333 biomass collection depots of capacity 4500 MT will be built in the States of Punjab, Haryana, Uttar Pradesh and Madhya Pradesh.
  • Air pollution caused by stubble burning will be considerably reduced.
  • It would generate employment opportunities of about 9,00,000-man days.
  • The interventions will encourage a robust supply chain management of paddy straw which shall further help in making paddy straw available for various end uses i.e., power generation, heat generation, bio- CNG, etc. by Power/bio-CNG/bio-ethanol producers
  • Establishment of supply chain would result in new investments in Biomass to biofuel and energy sectors.

Techno-commercial pilot projects for Paddy Straw Supply

Agro chems – Fertilizers, AgroPolicy, India, Supply Chain

11 persons were jailed under the Prevention of Black Marketing and Maintenance of Supplies (PBM) Act

Multipronged measures are being taken by the Department of Fertilisers, Government of India for deterrence against any malpractices and to ensure quality fertilisers for the farmers, under the directions of Dr Mansukh Mandaviya, Union Minister for Chemicals and Fertilisers. These measures have resulted in averting the diversion and black marketing of fertilisers in the country.

Special teams of dedicated officers called Fertiliser Flying Squads (FFS) have been formed to keep a strict vigil and to check diversion, black marketing, hoarding and supply of sub-standard quality fertilisers across the country.

The Fertiliser Flying Squads have conducted over 370 surprise inspections across 15 states/UTs which included mixture units, Single Superphosphate (SSP) units and NPK (Nitrogen, Phosphorus, Potassium) units. Consequentially, 30 FIRs have been registered for diversion of urea, and 70,000 bags have been seized of suspected urea (from Gujarat, Kerala, Haryana, Rajasthan and Karnataka (excl. GSTN seizure). Of which 26199 bags have been disposed of as per FCO guidelines). The FFS has also inspected three border districts of Bihar (Araria, Purnia, W.Champaran) and 3 FIRs have been filed against urea diverting units; 10 including 3 mixture manufacturing units in border districts have been de-authorised.

112 mixture manufacturers have been deauthorised due to several discrepancies and lapses found in documentation and procedures. Sample testing has also been ramped up with 268 samples tested as of now, of which 89 (33 per cent) have been declared sub-standard and 120 (45 per cent) found with neem oil content. For the first time, 11 persons have been jailed under the Prevention of Blackmarketing and Maintenance of Supplies (PBM) Act for the diversion and black marketing of urea in the last year. Several other legal and administrative proceedings have also been exercised by states through the Essential Commodities (EC) Act and Fertiliser Control Order (FCO).

11 persons were jailed under the Prevention

Agro chems – Pesticides, AgroPolicy, India

This move will ensure that Indian farmers continue to have access to the technology for crop protection at an affordable price, as these pesticides are manufactured in India.

The Government of India after an extensive review of 27 pesticides through an appointed Expert Committee, based on substantial data on safety and efficacy submitted by the Pesticides industry, decided to continue the use of 24 pesticides. This decision has been welcomed and lauded by the agri community, including small holding farmers as they have been already safely using these products for the last decades on multiple crops.

This move will ensure that Indian farmers continue to have access to the technology for crop protection at an affordable price, as these pesticides are manufactured in India.

The government’s decision to continue the use of these critical 24 pesticides demonstrates the realities of agriculture and the importance of farmers having access to technology that is affordable as they need to produce quality food at an affordable price compared to exorbitantly expensive imported substitute pesticides.

Farmers across the country have welcomed the government’s decision, saying that access to safe and effective pesticides is critical for protecting crops and ensuring a good harvest. The continued use of these 24 critical pesticides is a necessary step towards safeguarding India’s food production system while ensuring that farmers can continue to produce food efficiently and sustainably.

Gavneet Singh, Director, Ambala Farmer Producer Organizations, Haryana, said, “As farmers, we know how important it is to have access to safe and effective pesticides to protect our crops and ensure a good harvest. This decision by the government is a positive step as these pesticides continue to be recommended by the State Agriculture Universities and farmers have the experience of using them safely on their crops.”

Harpreet Singh, CEO Pehowa Farmer Producer Organizations, Haryana, said “this is an important step towards safeguarding yield and livelihood. We have worked with these pesticides and confident of its performance. Opting for any alternative may have impacted our input costs and overall production.”

Pest and disease control is critical for maintaining the quality and safety of our food supply. The continued use of these 24 critical pesticides is a necessary step as these pesticides are also used as mixture with relatively new products for resistance management against potentially resistant weeds, insects and diseases.

Insect pests can create crop damages between 20 – 30 per cent including grains stored in the warehouses.  Pesticides are also used as smart fumigants for grain storage to protect crops from storage insects in wheat, rice, pulses and oil-seeds.

Government of India has already approved use of drones for safer and efficient use of pesticides. Pest and disease control is critical for maintaining the quality and safety of our food supply. Pesticides are carefully designed to target specific pests and diseases, and their use is strictly regulated to ensure that they do not harm non-target organisms or the environment.

This move will ensure that Indian farmers

AgroPolicy, India, Pulses

Department deputed 12 senior officers to visit various places in the States of Karnataka, Madhya Pradesh, Maharashtra and Tamil Nadu to take stock of ground reality.

Senior Officers from the Department of Consumer Affairs visited 10 various locations across four States to interact and observe stock disclosure status of Tur and Urad during past days.

In this regard, Secretary, Department of Consumer Affairs, Rohit Kumar Singh took an internal meeting with these officers who visited major pulses markets and interacted with various market players. During the last week, apart from holding a meeting with All India Dal Mills Association at Indore by the Secretary, Government of India, on 15th April, 2023, the Department deputed 12 senior officers to visit various places in the States of Karnataka, Madhya Pradesh, Maharashtra and Tamil Nadu to take stock of ground reality.

The interactions with ground level market players and State officials revealed that while the number of registration and stock disclosure on the e-portal is increasing, substantial number of market players have either not registered or failed to update their stock positions on regular basis. It has been observed that stocks under transaction, like, farmer’s stocks lying in mandi for auction, stocks awaiting customs clearance at ports etc. escaped the current monitoring mechanism. Further, it has also been observed that millers and traders/dealers have resorted to holding their stocks in warehouses in the name of farmers in a deliberate attempt to escape stock declaration.

Senior officers of the Department visited various locations, namely, Indore, Chennai, Salem, Mumbai, Akola, Latur, Sholapur, Kalaburagi, Jabalpur and Katni and interacted with officers of the State Governments, millers, traders, importers and port authorities and conducted meeting with associations of millers, importers and traders. The market players were sensitized on the importance of stock declaration and have been asked to declare their stocks truthfully and regularly or else stringent action such as seizure and confiscation of undeclared stocks may be done by the State Government.

To improve the stock disclosure data, the Department is making certain changes in the e-portal https://fcainfoweb.nic.in/psp/ such as, incorporating text boxes for providing warehouse in which stock is held, provision for dealer/commission agent/mandi trader to upload stock data of farmer lying in his shop yard for auctioning etc.

The office bearers of Importers association informed that Traders from other States like Telengana, Rajasthan, Andhra Pradesh, and Karnataka are also importing Tur Dal from Chennai Port and requested clarification about their reporting in the State of Importers or in the State of receiving the import to ensure no duplication of data.It was clarified that the stocks should be reported in the State where it is physically available/stocked.

The Department has already directed State Governments and District Administrations to intensify the enforcement of stock declaration by conducting stock verification and take strict action on undisclosed stocks under relevant sections of the EC Act, 1955 and the Prevention of Black marketing and Maintenance of Supplies of Essential Commodities Act, 1980. States have also been asked to look into the data pertaining to FSSAI licences, APMC registration, GST registration, warehouses and custom bonded warehouses and encourage these entities also to report their declarations of stock in order to widen the coverage of market players.

Department deputed 12 senior officers to visit

Acts & Schemes – Centre, AgroPolicy, Animal Health, Dairy, Goat farming, India, Live Stock

 DAHD is also collaborating with Ministry of Rural Development to train more animal health workers/paravets.

During the second round of the Foot and Mouth Disease vaccination drive, around 24 crore cattle and buffaloes in the country have now been covered out of a targeted population of 25.8 Crore Cattle (as per data furnished by the states); reaching a near universal coverage of over 95 per cent which is well beyond the herd immunity level. Reaching this milestone has been made possible due to the relentless efforts of the Department of Animal Husbandry and Dairying (DAHD), Government of India, State/ UT Governments/ administration, and most importantly the support of the livestock owners.

The program is 100 per cent funded by Government of India which is centrally procuring vaccines against FMD and supplying to States and is also providing for vaccination charges, accessories, awareness creation, cold chain infrastructure etc. to enable the States/ UTs to undertake vaccination in campaign mode. The livestock owners are sensitized and made aware through various information, education and communication measures to get their animals vaccinated and requested to contact the nearest livestock health workers/ veterinarians to avail the facility. DAHD is also collaborating with Ministry of Rural Development to train more animal health workers/paravets.

It is expected that with such continued efforts, the goal of controlling and eventually eradicating Foot & Mouth Disease from the country will be achieved which will also help in increasing the income of livestock farmers/ keepers and in boosting India’s trade in livestock products.

Foot and Mouth Disease (FMD) is a major disease of livestock especially in cattle and buffaloes in India and causes huge economic loss to livestock owners due to a reduction in milk yield. To address the problem, the Department of Animal Husbandry and Dairying (DAHD) launched the National Animal Disease Control Programme (NADCP) in 2019 which is now a part of Livestock Health & Disease Control Programme. The program aims to control Foot & Mouth Disease (FMD) through vaccination leading to its eventual eradication by 2030. This will result in increased domestic production and ultimately in increased exports of livestock products. Currently under this program vaccination is carried out in all cattle and buffaloes.

 DAHD is also collaborating with Ministry of

Agrotech, Biofuel industry, Company News, India

MNRE supports new age digital marketplace for bioenergy and encourages entrepreneurial model for FPOs and farmers

 BiofuelCircle- a digital marketplace for biomass and biofuels, is developing a digital enterprise for FPOs and farmers. Under the guidance of MNRE and GIZ, it has partnered with BAIF to set up 20 such enterprises in Maharashtra. A workshop was organized in Pune to showcase the model and demonstrate on-ground development of strengthening the biomass supply chain.

The workshop was graced by the presence of Dinesh Jagdale, Joint Secretary, MNRE, Government of India as a keynote speaker where he elaborated on the changing energy landscape in India and how the country has taken a leadership position in terms of renewable energy. 

The two-day workshop was organized at the BAIF Campus in Pune where various industry experts deliberated on the potential of clean energy using technology-based solutions.  

Elaborating further Dinesh Jagdale, Joint Secretary, MNRE, Government of India said, “A digital marketplace like BiofuelCircle can shape the future biomass market for India. It gives an opportunity to a buyer and seller to interact anonymously, discover price through market mechanism, for – delivery time, place, and commodity of their choice. It also presents an opportunity for FPOs and rural enterprises to create viable business model to supply Agri residue as a green energy alternative.”

Adding to this, Suhas Baxi, Co-founder and CEO, BiofuelCircle said, “At BiofuelCircle we aim to establish a connect between industrial and rural India. We are working towards demystifying and standardizing biomass to make it more accessible by providing value discovery for manufacturers and buyers. Challenges for the development of FPOs have been identified and we are now working towards addressing them by taking the mission forward which will contribute towards sustainability and green energy in India.”

Bharat Kakade, President and Managing Trustee, BAIF said “It is a privilege to be a part of this initiative where we are working towards shaping the bioenergy landscape by transitioning it into an enterprise with the support of MNRE and BiofuelCircle. We are working on an integrated program by leveraging technologies to give a new direction to the rural program by creating a vibrant bioeconomy.”  

MNRE supports new age digital marketplace for

AgroPolicy, Finance, India

This will help FCV Tobacco farmers overcome the damage caused by Mandous Cyclonic rains in Andhra Pradesh

Piyush Goyal, Minister of Commerce & Industry, Consumer Affairs, Food and Public Distribution, and Textiles has accorded approval for Rs 28.11 crore to extend special interest free loan @ of Rs 10,000 to each member of Tobacco Board’s Growers’ Welfare Schemes under Southern Regions (Southern Light Soil and Southern Black Soil) of Andhra Pradesh from the Tobacco Growers’ Welfare Fund which will directly benefit 28,112 farmers.

This measure will help the FCV Tobacco farmers overcome the damage caused by Mandous Cyclonic rains and would greatly help the growers to take up immediate damage mitigation measures.

The interest-free loan to the eligible FCV Tobacco farmers will be administered by Tobacco Board, a statutory body under Ministry of Commerce and Industry, Government of India.

FCV tobacco is a major commercial crop grown in 10 districts of Andhra Pradesh with an annual production of 121 m.kg (2021-22) grown in an area of 66,000 ha. FCV tobacco is the major exportable tobacco variety of the total unmanufactured tobacco exports from India. Out of the total unmanufactured tobacco exports (excluding Tobacco Refuse), FCV tobacco exports accounted for 53.62 per cent in terms of quantity and 68.47 per cent in terms of value during FY 2021-22.

 FCV Tobacco growers sell their produce through e-auction platform developed and operated by Tobacco Board, through a transparent process ensuring fair and remunerative prices to farmers.

This will help FCV Tobacco farmers

Agrotech, Company News, India, R&D, Start ups

With the DGCA certificate, AG 365 drone is now eligible for Rs 10 lakh unsecured loans from the AIF

India’s leading drone manufacturer, Marut Drones’ has received the Type Certification approvals from the Director General of Civil Aviation (DGCA) for its tested and robustly designed multi-utility agricultural drone AG 365. “AG 365 is designed and developed for Indian conditions and can be used for multiple purposes giving a higher ROI to the user. AG 365 is extensively tested for more than 1.5 lakh acres and optimised for performance to be used in agriculture. Further, extensive research is undergone with AG 365 for development of crop-specific drone spraying SOPs in collaboration with agricultural universities and research institutes,” the drone manufacturer said.

Having been awarded a type certificate for AG 365 model, the drone is now eligible for INR 10 lakh unsecured loans from the Agriculture Infrastructure Fund (AIF) at a minimal 5-6 per cent interest rate. Further, a 50-100 per cent subsidy can be availed from the Government of India. The made-in-India Kisan Drone – AG 365 has been developed particularly for agricultural purposes to reduce crop loss, lower agrochemical usage, better yield and profits to the farmers, the company said.

With the DGCA certificate, AG 365 drone