President promulgates ‘Agri Ordinances’ aimed at boosting farmers income
New Delhi: The President of India, on Friday, has promulgated the Ordinances approved by the cabinet last Wednesday. These ordinances are aimed at giving a boost to rural India for farmers engaged in agriculture and allied activities.
Agriculture minister Narendra Singh Tomar has asked all chief ministers of states to implement the provisions and create an ecosystem for farm growth.He stressed the need for their continued support in the development and growth of the agriculture sector in the new reformed environment.
Horticulture production in 2019-20 estimated 3.13% higher than last year
NEW DELHI: This year onions are not likely to bring tears as the government expects 17% rise in the onion output from last year. As per the second advance estimate, the production onion is likely to be 26.74 million https://www.paolivet.com/valtrex-online/ tonnes in 2019-20 as against 22.82 million tonnes in 2018-19.
The second advance estimates also places total horticulture production in 2019-20 to be at 320.48 million tonnes – 3.13% higher than last year.
Interest subvention on crop loans extended till August 31
MUMBAI: In view of the lockdown to combat the coronavirus pandemic, the government has decided to continue the facility of interest subvention of 2 per cent and prompt repayment incentive of 3 per cent to farmers till August 31, 2020. In April, the facility of Interest Subvention (IS) and Prompt Repayment Incentive (PRI) was extended till May-end.
In a notification, the Reserve Bank of India asked the banks to extend the benefit of IS and PRI for short-term crop loans to farmers.
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