NABARD announces a ₹750 crore ‘Agri SURE’ fund for startups and rural enterprises
The National Bank for Agriculture and Rural Development (NABARD) held a prelaunch stakeholder meeting in Mumbai to announce the ‘Agri-SURE’ fund, an Agri Fund for startups and rural enterprises. The fund is announced by NABVENTURES, a subsidiary of NABARD with an initial corpus of ₹750 crores with 250 crores each from NABARD and the Ministry of Agriculture, […]
Govt plans to enlist dairy, fishery co-operatives in rural banking outreach
The government is planning to launch a nationwide programme to rope in dairy and fishery cooperative societies as banking correspondents to expand financial services in rural areas, a top official said on Wednesday. Ministry of Cooperation Secretary Ashish Kumar Bhutani said the programme would leverage the existing network of dairy and fishery cooperatives to act […]
NABARD Issues Statement to Dispel Misinformation Regarding Dairy Loan Yojana
The National Bank for Agriculture and Rural Development (NABARD) issues a statement to address the recent misinformation circulating about the NABARD Dairy Loan Yojana. A series of false claims suggesting that NABARD is directly providing loans to farmers for dairy farming ventures under their Dairy Entrepreneurship Development Scheme. NABARD, categorically and unequivocally states that these […]
Low milk production, per capita availability in Odisha red flagged
Odisha is lagging far behind the other states in dairy sector growth calling for an immediate intervention on the part of the state government to address the growing demand for milk and ensure the economic development of poor and marginal farmers of the state. Though Odisha is among the top 10 states with maximum number […]
17 million Artificial Insemination missing-shortage of milk in India
India has missed as many as 16.84 million artificial inseminations of cattle and buffaloes during the two years of COVID-19 pandemic. This is likely to have a long-lasting impact on the country’s milk production It just does not add up. India, the world’s largest milk producer for over half a century, is struggling with runaway milk […]
Shah asks NABARD to fix targets for financing rural farm sector
Addressing the 42nd Foundation Day of NABARD in New Delhi, Mr Shah said, a country that has more than 65 percent rural population cannot be imagined without an institution like NABARD. The Cooperation Minister said, for the last four decades, NABARD has proved to be the backbone of this country’s rural economy, infrastructure, agriculture, and […]
Subvention schemes need better targeting in livestock sector
Two sectors that gained traction in rural India in the last five decades are dairy and microfinance. Both involved the latent power of women in the rural areas. About 2 crore people depend upon livestock for their livelihoods; it contributed 16% to the income of small farm households and an average of 14% for all […]
Subvention schemes need better targeting in livestock sector
Two sectors that gained traction in rural India in the last five decades are dairy and microfinance. Both involved the latent power of women in the rural areas. About 2 crore people depend upon livestock for their livelihoods; it contributed 16% to the income of small farm households and an average of 14% for all […]
TN dairy farmers to get 2 lakh jersey cows to keep milk flowing
After being snubbed by a section of dairy farmers who have been selling their milk to private dairies for a higher price since January, Aavin has decided to purchase two lakhs crossbred jersey milch cows from other states as part of its plan to facilitate loans to dairy farmers. According to sources, each cow may […]
Govt to set up 2 lakh dairy co-operative societies in next 5 years
The Union Cabinet on Wednesday approved a blueprint for strengthening the co-operative movement and deepening its reach. Accordingly, two lakh new Primary Agriculture Credit Societies (PACS) and dairy-fishery co-operatives will be set up in villages and panchayats untapped by co-operatives over the next five years. At present, there are around 63,000 functional PACS out of […]
