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13Jul 2024

NABARD UNVEILS ₹750-CRORE FUND FOR AGRI INNOVATION

Why in the news? NABARD announced an Agri-SURE fund for start-ups and rural enterprises. Initial corpus: ₹750 crore, managed by Nabventures, NABARD’s subsidiary. source:fertilizerindia About “Agri-SURE” : The “Agri-SURE” fund by NABARD promotes sustainable agriculture growth. Managed by NABVENTURES, NABARD’s subsidiary. Supports innovative agricultural solutions for immediate and long-term growth. About  National Bank for Agriculture …

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09Jul 2024

8800 FPOs Set Up Across India

Why in the News? Agriculture Minister Shivraj Singh Chouhan announced the establishment of around 8,800 Farmers’ Producer Organizations (FPOs) against the target of 10,000. Source: UGI Benefits of FPOs: Support to Farmers: Provides access to improved technology, credit, better inputs, and more markets. Quality Incentive: Encourages the production of better quality commodities. About Farmers Producer …

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20May 2024

SHIFT IN WHEAT PROCUREMENT SYSTEM CAUSES GRAIN DRAIN IN UTTAR PRADESH

Why in the news? Uttar Pradesh faces grain drain due to a shift in wheat procurement. Farmers hold harvest anticipating better prices. Concerns arise over market dynamics and decreased government procurement. Traditional practices challenged by corporate influence. source:wordpress About Historical Significance of Shahjahanpur: District known for producing freedom fighters like Ram Prasad Bismil, Ashfaqulla Khan, …

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08May 2024

RURAL FMCG GROWTH EXCEEDS URBAN’S IN JANUARY-MARCH, MARKING A SIGNIFICANT SHIFT

Why in the news? Rural FMCG growth surpasses urban for the first time in five quarters, reflecting a trend of gradual rural market expansion. About the Rural Outpacing Urban Growth: Rural FMCG growth exceeded urban growth for the first time in five quarters. Rural growth recorded at 76% while urban growth stood at 5.7% in …

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03May 2024

THE AGRI MINISTRY PROPOSES A NEW CENTRE-STATE BODY FOR FARM POLICY COORDINATION

Why in the news? Centre plans the National Council for Agriculture and Rural Transformation to coordinate policies, akin to the GST Council. About Proposed National Council for Agriculture and Rural Transformation (NCART): The Centre plans to establish NCART as part of its 100-day action plan for coordinated actions in the agriculture sector. NCART aims to …

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