Cabinet approves setting up ₹1 lakh-cr agri infra fund
The Union Cabinet on Wednesday approved a ₹1-lakh crore Central government sponsored scheme to provide medium-to-long term debt financing facility for investment to build post-harvest management infrastructure and community farming assets through interest subvention, financial support and moratorium on repayment.
Under the scheme, ₹1 lakh crore will be provided by banks and financial institutions as loans to primary agricultural credit societies (PACS), marketing cooperative societies, farmer producers organisations (FPOs), self help group (SHG), farmers, agri-entrepreneurs and start-ups to set up warehouses, cold storage, cold chains, godowns, silos, grading and assaying facilities.
Centre releases guidelines for assessing nano-based agri-input, food products in India
The Centre on Tuesday released guidelines for evaluation of nano-based agri-input and food products in the country, a statement said. The guidelines were released through video conferencing by Science and Technology Minister Harsh Vardhan and Agriculture Minister Narendra Singh Tomar.
The guidelines have been prepared jointly by Department of Biotechnology (DBT), Ministry of Science and Technology, Ministry of Agriculture and Farmers’ Welfare, Food Safety and Standards Authority of India (FSSAI), Ministry of Health and Family Welfare through inter-ministerial efforts coordinated by the DBT.
In the last 5 years, three States have dominated India’s sugar production
Uttar Pradesh, Maharashtra and Karnataka have together produced 111 million tonnes of sugar, over 79 per cent of the total production of 139.13 mt in the last five years, reveals the data presented by the Ministry of Agriculture to the Lok Sabha.
Uttar Pradesh and Maharashtra together share 66 per cent of sugar production. Gujarat and Tamil Nadu which rank fourth and fifth in the chart of top sugar producing States have not even produced 10 mt sugar during this period. India is the second-largest producer of sugar in the world after Brazil and is also the largest consumer. The data re-emphasizes India’s dependence on Uttar Pradesh and Maharashtra for its sugar production.
Maharashtra mills have maintained a recovery rate of 10 to 11.65 per cent. Mills in Uttar Pradesh have managed to keep it between 9.49 and 11.48 per cent.