Bank Loan to Indian Farmers

The Government of India fixes Agriculture Credit Disbursement Targets for the Banking Sector every year and banks have consistently surpassed these targets.

          State-wise details of Agriculture Credit Target fixed by the Government for the year 2019-20 is at Annexure I.

          State Level Bankers’ Committee (SLBC), Maharashtra has reported that they are extending credit facilities, through various schemes & products for agriculture lending to all eligible farmers across the country including farmers of Buldhana Parliamentary Constituency of Maharashtra.

          District-wise details of crop loan disbursements as on 15.06.2019 for the State of Maharashtra as reported by SLBC, Maharashtra is given at Annexure II.

          The Government of India/ Reserve Bank of India (RBI)/ NABARD have, inter alia, taken the following major initiatives for providing hassle free crop loans to farmers of the country:-

• With a view to ensure availability of agriculture credit at a reduced interest rate of 7% p.a. to the farmers, the Government of India in the Department of Agriculture, Cooperation and Farmers’ Welfare implements an interest subvention scheme for short term crop loans up to Rs. 3.00 lakh. The scheme provides interest subvention of 2% per annum to Banks on use of their own resources. Besides, additional 3% incentive is given to the farmers for prompt repayment of the loan, thereby reducing the effective rate of interest to4%.

• As per RBI directions, Domestic Scheduled Commercial Banks are required to lend 18% of the Adjusted Net Bank Credit (ANBC) or Credit Equivalent to Off-Balance Sheet Exposure (CEOBE), whichever is higher, towards agriculture. A sub-target of 8% is also prescribed for lending to small and marginal farmers including landless agricultural labourers, tenant farmers, oral lessees and share croppers. Similarly, in the case of Regional Rural Banks 18% of their total outstanding advances is required to be towards agriculture and a sub-target of 8% has been set for lending to small and marginalfarmers.

• The Government has introduced the Kisan Credit Card (KCC) Scheme, which enables farmers to purchase agricultural inputs such as seeds, fertilisers, pesticides, etc. and draw cash to satisfy their agricultural and consumption needs. The KCC Scheme has since been simplified and converted into ATM enabled RuPayDebit Card with, inter alia, facilities of one-time documentation, built-in cost escalation in the limit, any number of drawals within the limit,etc.

· Under the KCC Scheme, a flexible limit of Rs.10,000 to Rs.50,000 has been provided to marginal farmers (as Flexi KCC) based on the land holding and crops grown including post-harvest warehouse storage related credit needs and other farm expenses, consumption needs, etc., plus small term loan investments without relating it to the value ofland.

• To enhance coverage of small and marginal farmers in the formal credit system, RBI has decided to raise the limit for collateral-free agriculture loans from Rs. 1 lakh to Rs. 1.6lakh.

• The requirement of 'no due’ certificate has also been dispensed with for small loans up to Rs.50,000 to small and marginal farmers, share-croppers and the like and, instead, only a self-declaration from the borrower is required.

• To bring small, marginal, tenant farmers, oral lessees, etc. into the fold of institutional credit, Joint Liability Groups (JLGs) have been promoted bybanks.

This was stated by the Union Minister of Finance & Corporate Affairs, Smt. Nirmala Sitharaman in a written reply to a question in Lok Sabha today.

Prime Minister’s flagship program e-NAM has achieved another milestone by commencing inter-State trade between mandis using e-payments

Prime Minister’s flagship program e-NAM has achieved another milestone by commencing inter-State trade between mandis using e-payments

“e-NAM is not just a scheme but it’s a journey which aims to reach out to the last mile farmer and transform the way agricultural produce is sold :- Sanjay Agarwal, Secretary, DA&FW

With the start of New Year 2019, the Prime Minister’s flagship program e-NAM has achieved another milestone by commencing inter-State trade between mandis of two different States. Earlier trade used to happen either within the APMC or between two APMCs situated within same state. The very first Inter State transaction in tomatoes has been carried out between trader of Bareilly e-NAM APMC of Uttar Pradesh and farmer of Haldwani e-NAM APMC of Uttarakhand. Similarly, the inter -State transactions in potatoes, brinjal & cauliflower have been carried out between the e-NAM mandis of Uttarakhand & Uttar Pradesh.  In all the cases, e-payments have been made through e-NAM portal. This will helps farmers get better market access, more buyers/ traders & realise better prices for their produce.

                                                                                          Growing Ginkgo trees for profit

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To facilitate inter State trade between the e-NAM States, Ministry of Agriculture & Farmers’ Welfare, Govt. of India, conducted series of coordination meetings with concerned States and Mandi board officials/ Mandi secretaries. As a result of these interactions, both the States have now facilitated licensing of traders of each other for inter-State trade on e-NAM portal.

E-NAM i.e. National Agriculture Market is a pan-India electronic trading (e-trading) portal which seeks to network the existing physical regulated wholesale market (known as APMC market) through a virtual platform to create a unified national market for agricultural commodities. e-NAM platform promotes better marketing opportunities for the farmers to sell their produce through online competitive and transparent price discovery system and online payment facility. It also promotes prices commensurate with quality of produce. The e-NAM portal provides single window services for all APMC related information and services. This includes commodity arrivals, quality & prices, buy & sell offers & e-payment settlement directly into farmers’ account, among other services.

Farmers can access the information on e-NAM easily through their mobile phones from anywhere. This online trading platform aims at reducing transaction costs, bridging information asymmetry and helps in expanding the market access for farmers. So far, 585 Regulated Markets of 16 States and 2 Union Territories have been integrated to e-NAM platform. Government has also decided to integrate additional 415 markets by March, 2020. “Logistic providers” information is also being provided in the e-NAM portal to traders from outside the State, which will facilitate transportation of commodities after trading. An Inter-State dashboard on e-NAM platform has been developed to promote inter State trade among e-NAM States.

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LAKHS ASSEMBLE IN PAMPORE

Pampore is at Pulwama Town.

Sheikh Abdul Aziz

1 hr · Pulwama ·

LAKHS ASSEMBLE IN PAMPORE

Pampore, Aug 16: All roads led to Pampore Saturday. If there was anything visible in this saffron town, it was a sea of people. Kashmir had assembled to pay homage to Sheikh Abdul Aziz, the slain....

Pampore, Aug 16: All roads led to Pampore Saturday. If there was anything visible in this saffron town, it was a sea of people. Kashmir had assembled to pay homage to Sheikh Abdul Aziz, the slain Hurriyat leader who fell to police bullets on a peaceful march to Muzaffarabad.

People including women and children from across the Valley assembled at Eidgah here, climbed rooftops, trees and even sky-touching mobile towers to watch pro-freedom leaders.

On way to Pampore from Srinagar, women offered milk, water and food to the people, who continuously shouted pro-freedom slogans and waved green flags.

 “We want freedom,” the people kept shouting.

 Since morning people were waiting for the arrival of the leaders. When Mirwaiz Umar Farooq’s cavalcade reached the spot, women showered flower petals on him. Later youth carried Mirwaiz on shoulders in a procession to Eidgah. People also gave rousing welcome to Muhammad Yaseen Malik. 

However, people could not control their emotions when Syed Ali Shah Geelani reached there. They huddled, shouted anti-India and pro-freedom slogans and escorted Geelani, who was atop a vehicle, inside the jam-packed Eidgah.

However, not a single cop or troopers was present on the road from Athwajan to Pampore. For hours people kept thronging the town—by foot, on motorcycles and vehicles. The locals had established langars at various places.

 But more than food, people preferred to listen to the pro-freedom leaders.

 As Geelani started his speech, some youth climbed atop all the mobile towers overlooking the Eidgah, and hoisted green flags. Shouting pro-freedom slogans, people saluted the youth who stood atop the cell towers and kept waving the green flags.

‘Sheikh Aziz Teri Azmat Ko Salam (We salute the grandeur of Sheikh Aziz,” a group of youth carrying the slain leader’s life-size posters shouted.  

When the pro-freedom leaders ended their speech, people started to move to their respective destinations in huge processions. On seeing massive procession, two Army trucks abruptly stopped at Athwajan. A group of women taunted the troops for “killing the innocent people of Kashmir.”

Later some youth among the procession paved way for the Army vehicles to leave the spot. At Pantha Chowk the police diverted the procession through the Bypass. However those who managed to move through the highly-fortified zone housing the 15 Corps headquarters, shouted pro-freedom slogans and moved in a procession to Shivpora. Till late evening, youths on motorcycles and vehicles moved through city roads, shouting pro-freedom slogans.

KHALID GUL reports from Islamabad:

More than 400 vehicles ferrying about 20 thousand people left Islamabad for Pampore early in the morning.

In Islamabad town, despite incessant rains thousands of people from rural as well as urban areas came out from their houses amid pro-freedom and anti-India slogans and arranged their own vehicles; trucks, buses, lorries and cars to proceed towards Pampore.

They were seen off by thousands of people including women and children who had assembled in groups at various places and the town wore a festive look. The villages en-route Pampore offered water and juices to the people.

People in large numbers came out of their houses in Chinar town Bijbehara and proceeded towards Pampore.

In Kulgam the scene was no different as more than 100 vehicles ferried people to Pampore.

People were also seen standing on the roofs of the vehicles carrying green and black flags and shouting pro-freedom and anti-India slogans.

Sheikh Nazir reports from Ganderbal

Hundreds of people from Ganderbal and other adjoining areas marched to Pampore on Saturday in wake of the Pampore Chalo call given by Hurriyats coordination committee.

 Eyewitnesses told Greater Kashmir people marched to Pampore in trucks, tippers, buses ,matadors and light vehicles  from Fatehpora, Chuk, Dudarhama, Saloora, Shalbugh, Beehama, Nagbal, Nunar, Garages and others villages in Ganderbal.

On way to Srinagar, people who had assembled in the streets provided the marchers with cold drinks, fruits and other refreshments.

Youth were busy in collecting relief in mobiles and load carriers in different villages  of Tawheedpora, Dangerpora, Chenden, Sherpathri, Bamloora, Manigam, Watlar, Wayil and other areas.

At least 20 TaTa mobiles took relief to Srinagar from the Ganderbal tehsil on Saturday.

Meanwhile hundreds of people staged a massive protest in Kangan market to press for the opening of Srinagar-Muzaffarabad road for trade.

Masjid committees of Gagangeer, Kulan, Gund and  local youth of Chatergul, Katchnambal, Panzin, Baranbugh, Ari, kijpora, Ganiwan, Mamar and other villages of Kangan area collected essentials and eatables and took it to Jamia Masjid Srinagar for distribution. (https://www.greaterkashmir.com)