Agriculture Current Affair 5 October 2020

Unnati raises $1.7 mn from Nab Ventures Fund

Ag-tech start-up Unnati has raised $1.7 million in pre-series A funding from Nab Ventures Fund, the company said on Monday.

The start-up plans to use the funds to scale up its tech platform and increase its geographical and crop footprint by setting up more partner stores, said co-founder Ashok Prasad, in a statement.
Green shoots of the new farm bills will be visible in 3-5 years: Ashok Gulati

The three farm bills introduced by the government last week is a bold step in the right direction and will lead to thousands of new experiments and unleash different models to improve the efficiency and competitiveness in agriculture, said Ashok Gulati, Infosys Chair, Professor for agriculture at ICRIER, New Delhi.

He was speaking at a webinar ‘Will the new farm acts unleash the potential of Indian Agriculture?’ organised by Chennai International Centre (CIC) on Saturday.

UP sugar mills’ dues to farmers rise to ₹8,447 cr in FY20 on lockdown effect, subsidy delay

UP’s sugar mills, still recovering from the lockdown impact and owed subsidy payments from the government, are yet to pay ₹8,447 crore to farmers for the previous sugar season ended September 30. This is nearly 80 per cent more than the ₹4,942- crore owed in the 2018-19 season.

According to a report released by the Uttar Pradesh Department of Cane Development and Sugar Industry, the mills had, till the end of the season, paid just over 76 per cent of the ₹35,898 crore due towards cane supplied by farmers.

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