Sugar production down 22% to 233 lakh tonnes till March 31, says ISMA
Sugar mills in the country produced 232.74 lakh tonnes (lt) of sugar till March 31, nearly 22 per cent lower than the 296.82 lt produced in the corresponding period of the previous year, said a statement issued by the Indian Sugar Mills Association (ISMA) on Wednesday.
Aavishkaar Capital invests ₹35 cr in agri-tech start-up Ergos
Aavishkaar Capital, the impact investing arm of the Aavishkaar group, has invested ₹35 crore ($5 million) in a Series A round in Ergos, an agri-tech start-up.
Founded by Kishor Jha and Praveen Kumar, entrepreneurs from Bihar, Ergos has been building a GrainBank model that has been piloted in Bihar. The model enables farmers to digitise their food grain and also provide doorstep access to end-to-end post-harvest supply chain solutions to the farmers by leveraging a technology platform. Over the last five years, the GrainBank has helped farmers achieve significantly higher incomes, according to a press release from Aavishkaar.
Agri sector wants moratorium on loans, removal of barricades in villages
As the rabi season is coming an end in two weeks, the farming community has called for urgent steps to salvage the crop and complete the harvest season without any glitches.
The Consortium of Indian Farmers’ Associations (CIFA) has called for the removal of barricades in villages to facilitate the movement of labourers. It has sought a moratorium on all crop loans and an insurance cover of ₹50,00,00 for farmers and farm labourers, who are exposing themselves to the pandemic risk to ensure the food security of the country, said CIFA.
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