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Cash subsidies to now directly reach farm exporters bank accounts
Monday, March 4, 2019, 7:24 AM
The government has decided to directly transfer cash subsidies into bank-accounts of farm produce exporters, in an-attempt-to make Indian agricultural produce globally competitive and boost-exports of branded farm-products, officials with direct knowledge of matter said on condition of anonymity. The scheme came into effect on March 1 and will be valid till March 31, 2020. Depending on response, it could be extended, officials added.
Soon, special drive to double Kisan Credit Cards to 14 crore
Monday, February 11, 2019, 12:13 PM
Seeking to bring all landholding cultivators within the institutional credit system, the Centre is set to launch a special drive to reach out to all farmers with Kisan Credit Cards(KCCs) by doubling its footprint from 6.95 crore to around 14 crore active cards ahead of general elections. The aim is to issue KCCs to eligible farmers within two weeks of submission of application forms.
Private insurers set to make Rs 3000 crore profit from crop cover, PSUs in loss
Thursday, January 17, 2019, 7:11 AM
ELEVEN private insurers are set to register profits of over Rs.3,000Cr cumulatively from crop insurance business for year-ending March 2018 as against Rs.4,085Cr losses incurred by state-owned insurers, raising questions about allocation of business. Premiums collected by private insurers from the government were higher than the claims made by farmers for crop losses due to floods, earthquakes or shortfall of rain during the year.
