Agriculture Current Affair 3 April 2020

Karnataka gives priority for vegetables, fruits movement to other States

he Karnataka government gives priority for export of vegetables and fruits to other States.

Priority for export of vegetables and fruits was decided at a high level meet chaired by Chief Minister B S Yediyurappa. He told reporters that exports of tomato, watermelon, musk melon and grapes which were being exported to other States were losing demand due to lockdown. “To help the farmers, I have given clear directions to the police to ensure the uninterrupted movement of essential goods,” he said.

He added that the State government is in touch with Railway officials regarding export of perishable goods

Indian Bank launches new products to support farmers, poultry players

The Indian Bank has launched three new products to support farmers, poultry players and the workforce in the informal sector during the current crisis triggered by the outbreak of dreaded Covid-19 virus.

Under the IND Covid Emergency Agro-Processing Loan, agro-processing units can avail 10 per cent of the working capital limit.

Borrowers in the poultry sector (layer/breeder/broiler) can avail 20 per cent of the working capital limit under the IND Covid Emergency Poultry Loan scheme.

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.

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