Business Standard

agriculture in India

SBI announces 11 new initiatives to mitigate risks in agri loan portfolio

The country's largest lender SBI on Thursday announced 11 new initiatives -- including enhancement of its digital banking features and opening of 35 new Agricultural Centralised Processing Cells -- to mitigate risks in its agricultural loan portfolio. On the occasion of the 69th Foundation Day, State Bank of India announced these initiatives to widen the bank's accessibility to address the banking needs of its potential customers, the lender said in a statement. SBI has enhanced its digital payment experience, with the introduction of two exciting features like tap-and-pay on the BHIM SBI PAY app and end-to-end digital loans against mutual funds on the YONO app, it added. The bank has also announced an initiative, which is a fully digital end-to-end journey for SBI Surya Ghar Loan, it said, adding that the users can opt for credit to install solar rooftops under the central government's PM Surya Ghar Scheme, offering loans for up to 10 KW capacity. The entire process will be manage

SBI announces 11 new initiatives to mitigate risks in agri loan portfolio
Updated On : 05 Jul 2024 | 12:52 AM IST

Monsoon rains a fifth below normal so far, raising agricultural concerns

Summer rains, critical to economic growth in Asia's third-largest economy, usually begin in the south around June 1 before spreading nationwide by July 8

Monsoon rains a fifth below normal so far, raising agricultural concerns
Updated On : 17 Jun 2024 | 4:24 PM IST

Growth momentum to continue in FY25, better year ahead for agri

Government would decide in the FY25 budget whether the fiscal deficit target of 5.1 per cent of GDP can be lowered further to fast track India towards the fiscal glide path

Growth momentum to continue in FY25, better year ahead for agri
Updated On : 31 May 2024 | 9:28 PM IST

Spice controversy: Norms for pesticide residue stringent, says govt

In India, pesticides are regulated by the Ministry of Agriculture and Farmers Welfare through the Central Insecticide Board and Registration Committee (CIB & RC)

Spice controversy: Norms for pesticide residue stringent, says govt
Updated On : 05 May 2024 | 9:49 PM IST

Govt to conduct digital crop survey across India using AI to assess acreage

The initiative will assist in developing more accurate farm production forecasts, and facilitating timely implementation of suitable trade policy measures

Govt to conduct digital crop survey across India using AI to assess acreage
Updated On : 02 May 2024 | 12:03 PM IST

BJP's road ahead to fulfill agri promises in 2024 election manifesto

Significant progress has been made in the production, yields and the cultivation area of pulse and oilseed between FY19 and FY23

BJP's road ahead to fulfill agri promises in 2024 election manifesto
Updated On : 23 Apr 2024 | 9:22 PM IST

New govt may kick off pesticide, seed reforms in agriculture sector

The industry wants reforms in the Central Insecticides Laboratory (CIL) as well to cut down on pending lists and time taken for clearance of new applications

New govt may kick off pesticide, seed reforms in agriculture sector
Updated On : 18 Apr 2024 | 3:48 AM IST

Mustard seed output may touch all-time high of 12 mn tonnes this year: SEA

In India, rapeseed and mustard accounts for nearly one-third of edible oil produced through primary sources, making it the country's key edible oilseed crop

Mustard seed output may touch all-time high of 12 mn tonnes this year: SEA
Updated On : 04 Apr 2024 | 6:52 PM IST

BS Manthan: From trade & startups to China+1, here's what happened on Day 2

At the Business Standard's annual event Manthan, Union Minister Piyush Goyal and industry leaders spoke on various steps India needs to take to transform into 'Viksit Bharat' by 2047

BS Manthan: From trade & startups to China+1, here's what happened on Day 2
Updated On : 28 Mar 2024 | 7:44 PM IST

BS Manthan: Finding common ground in ideologically divided farm sector

India's farm sector needs a thorough relook as the country marches towards the cherished goal of a developed nation by 2047, which the panel discussions promise to deliver

BS Manthan: Finding common ground in ideologically divided farm sector
Updated On : 25 Mar 2024 | 9:34 PM IST

Oilmeals exports increased 9% in Feb to nearly 516K tonnes, says SEA

Oilmeals export rose 9 per cent year-on-year in February to nearly 5.16 lakh tonnes on higher outward shipments of soyabean meal, according to trade data. In a statement on Friday, Solvent Extraction of India (SEA) said the export of oilmeals in February stood at 515,704 tonne as compared to 4,71,770 tonne in the year-ago period. Of the total oilmeals export last month, the shipments of soyabean meal stood at 3,47,905 tonne and rapeseed meal 1,44,372 tonne. The data showed that the total export of oilmeals during the April-February period of this fiscal increased 19 per cent to 44,90,055 tonne as compared to 37,60,329 tonne in the corresponding period of the previous year. The export of soybean meal during the April-February period of the 2023-24 fiscal rose to 19.34 lakh tonne compared to 7.87 lakh tonne in the same period of the previous year as Indian soybean meal was most competitive in the international market. However, SEA said that soyameal exports might slow down because

Oilmeals exports increased 9% in Feb to nearly 516K tonnes, says SEA
Updated On : 15 Mar 2024 | 2:37 PM IST

Highlights of the day: Security up at Delhi borders ahead of farmers' march

Farmers' protest march updates: Catch all the latest updates on the farmers' protest here

Highlights of the day: Security up at Delhi borders ahead of farmers' march
Updated On : 20 Feb 2024 | 8:43 PM IST

Farmers' protest highlights: Farmers have rejected govt's proposal on MSP

Farmers' protest march updates: Catch all the latest updates on the farmers' protest here

Farmers' protest highlights: Farmers have rejected govt's proposal on MSP
Updated On : 19 Feb 2024 | 9:56 PM IST

Highlights: Haryana Police use tear gas on farmers at Shambhu border

Farmers' protest march LIVE updates: Catch all the latest updates on the farmers' protest here

Highlights: Haryana Police use tear gas on farmers at Shambhu border
Updated On : 16 Feb 2024 | 11:46 PM IST

Farmers' march: Red Fort temporarily closed for visitors, say ASI officials

The historic Red Fort complex has been temporarily closed for visitors due to security reasons, a senior ASI official said Tuesday, amid a massive deployment of police and paramilitary forces in central Delhi in view of the farmers' march. The iconic Mughal-era monument, a UNESCO World Heritage Site in old Delhi, was "suddenly sealed" late Monday night "due to security reasons", the official said. Heavy security has been deployed there since late last night. "The Red Fort complex has been closed for visitors," the official told PTI. Asked when will the 17th-century monument will reopen, the senior official said, "it will be the call of security agencies". Security in Delhi has been intensified with multi-layer barricades, concrete blocks, iron nails and walls of containers at border points to stop a 'Delhi Chalo' march of farmers from entering the national capital on Tuesday, after talks between farm leaders and the Centre remained inconclusive.

Farmers' march: Red Fort temporarily closed for visitors, say ASI officials
Updated On : 13 Feb 2024 | 2:54 PM IST

Stubborn approach of govt proving to be dangerous: BKU chief Naresh Tikait

Bharatiya Kisan Union president Naresh Tikait on Tuesday wondered whether the farmers will always be in the agitation mode, block roads or head towards Delhi? On the proposed February 16 bandh call given by Samyukta Kisan Morcha (SKM) and various organisations, Tikait said school vans, vehicles carrying patients and military vehicles will be allowed to go. The problems should be resolved through talks, he added. Asked to elaborate on the demands of the farmers, Tikait told PTI Video in Muzaffarnagar, "The demands are different from different states. Will the farmer always be undertaking agitation, block roads or head towards Delhi? "The government also has some (share) of responsibility. What is the problem in taking cognisance in these matters? And, the 'ziddi ravaiyya' (stubborn approach) is proving to be dangerous. The government should think (on these issues) and hold talks with the farmers," he said and asserted that Bharatiya Kisan Union (BKU) is always with the farmers. On .

Stubborn approach of govt proving to be dangerous: BKU chief Naresh Tikait
Updated On : 13 Feb 2024 | 2:24 PM IST

Budget 2024: A glance Budget 2023 announcements for agriculture sector

From welfare schemes to infrastructure & digital development, here are the highlights of Budget 2023 for the agricultural sector in India and the expectation for the Interim Budget 2024

Budget 2024: A glance Budget 2023 announcements for agriculture sector
Updated On : 29 Jan 2024 | 10:49 AM IST

310 districts in 28 states, UTs highly vulnerable under NICRA: ICAR report

Uttar Pradesh has the highest number of districts where agricultural land may be vulnerable to climate change

310 districts in 28 states, UTs highly vulnerable under NICRA: ICAR report
Updated On : 05 Dec 2023 | 5:55 PM IST

Nabard partners with UNDP India for data-driven innovations in agriculture

UNDP India and the National Bank for Agriculture and Rural Development (Nabard) on Tuesday signed a Memorandum of Understanding to co-create data-driven innovations in agriculture and food systems to support smallholder farmers. Under the MoU, the organisations will work to improve lives and livelihoods of smallholder farmers by sharing open-source data for product development, transfer of technology and supporting the framing of agrarian policies, Nabard and United Nations Development Programme (UNDP) India said in a joint statement on Tuesday. The partnership aims at enhancing and disseminating collaborative digital public goods like DiCRA (Data in Climate Resilient Agriculture). DiCRA provides open access to key geospatial datasets pertinent to climate resilient agriculture. DiCRA, which is curated by UNDP and partner organisations to inform public about investments in agriculture, already provides intelligence on climate resilience for 50 million hectares of farmland across the

Nabard partners with UNDP India for data-driven innovations in agriculture
Updated On : 12 Sep 2023 | 4:58 PM IST

Farmers' incomes are key for boosting food security

Why enabling small-scale farmers to participate in food value chains can lead to rural prosperity

Farmers' incomes are key for boosting food security
Updated On : 04 Sep 2023 | 7:57 PM IST