The crashing of sugar prices in the wholesale market, and lower sales, has resulted in mills owing Rs 2,500 crore to cane cultivators across Maharashtra, an official from the state cooperation department said.
The fund has been released under Pandit Deen Dayal Upadhyay Gram Jyoti Yojana.
The government has announced a four-point agenda to boost earnings of farmers.
In a significant verdict, the Supreme Court today held that the courts can scrutinise the rates of interest being charged by banks from farmers in states where debt relief laws are in place to deal with rural indebtedness.
State Agriculture Minister Pandurang Fundkar said here that hailstorms have affected crops over two lakh hectares.
'The national conference 2022', to be held at the Pusa complex in the national capital, is being organised by the Union Agriculture Ministry.
The report said that all the 12 mangrove states have shown a positive change in the mangrove cover, as compared to the last assessment in 2015.
Chief Minister Vasundhara Raje also announced constitution of a farmers debt relief commission that will work as a permanent institution.
Dhule, Nandurbar, Beed and Jalna districts witnessed the untimely spell of rain and hailstorm.
The fertiliser and nutrient segment saw a healthy 2.4 percent uptick in the margins.
The approval is based on recommendations of expert body Commission for Agricultural Costs and Prices (CACP).
In Budget 2018, Arun Jaitley said he is fulfilling a promise made by his party in the election manifesto for the 2014 Lok Sabha elections – the promise of a minimum support price that is 50% higher than farmers’ cost of production
Finance Minister Arun Jaitley earlier today had announced to fix support price of Kharif crops like paddy at least 50 percent higher than the cost of production.
The focused budgetary measures directed at rural India aim to realize the 2022 goal and give the desired push in an election year –thereby killing two birds in one shot.
The crop insurance scheme aims to support sustainable production in agriculture by providing financial support to farmers suffering crop damage or loss arising out of unforeseen events.
Jaitley also said that agriculture ministry will promote cluster-based development among agri-communities and regions.
The raised farm loan target comes amid simmering discontent in India’s villages hit by crashing prices of crops and seasonal shocks.
Agriculture sector is pinning its hopes on Arun Jaitley's budget for positive outcome
What will Arun Jaitley's budget hold for farmers or industry? What will it mean for individuals?
According to MJ Khan, Chairman of India Council of Food & Agriculture pre-harvest should be a State subject and post-harvest should be a Centre subject.
The policy was drafted to provide a win-win situation to those in the field, particularly farmers, and awaiting approval, Principal Secretary and Commission Agriculture Marketing and Agri Business, Tamil Nadu, S J Chiru said. Addressing a two-day Coconut Festival which began here, Chiru said efforts are on to come out with a Neera Policy also.
According to the Governor, the government has decided to provide Rs 8,000 per acre per annum to farmers (for two seasons) as investment support for agriculture.
The TRS government will also be providing investment support for the key sector to ensure cultivators don't fall into debt trap, he said.
So severe and visible was the distress in agriculture sector, which is the source of livelihood for 60% Indians, that it became a rallying point in almost every state election fought last year.
Gadkari said a leading two-wheeler company will soon come out with a flex-fuel engine bike which can be run on ethanol.