The Jammu and Kashmir administration has focused on the scientific improvement of farming systems and creating market-oriented policies to make agriculture profitable over the past two years.

Aizawl (Mizoram) [India], August 29 (ANI): National Bank for Agriculture and Rural Development (NABARD) has approved an allocation of Rs 230 crore for rural infrastructure projects in Mizoram.

New Delhi [India], August 2 (ANI): The government informed Parliament on Tuesday that Rs 9.98 lakh crore of loans were sanctioned to 16.67 crore loan accounts under Pradhan Mantri Mudra Yojana in three years from 2015 to 2018.

Mumbai (Maharashtra) [India], July 11 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed Rs 37.5 lakh monetary penalty on Maharashtra State Co-operative Bank Ltd for non-compliance with directions related to reporting and monitoring of frauds.

New Delhi [India], June 29 (ANI): The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved computerization of Primary Agricultural Credit Societies (PACS) to increase their efficiency and bring transparency and greater accountability in their operations.

New Delhi [India], June 23 (ANI): Commerce and Industry Minister Piyush Goyal on Thursday chaired the advisory council meeting of the Open Network for Digital Commerce (ONDC) that seeks to promote open networks for all aspects of exchange of goods and services over electronic networks.

New Delhi [India], April 23 (ANI): A report has stated that while farm loan waivers reduce the quality of expenditure by implementing states, it also negatively affects institutional incentives to disburse agricultural credit.

Anantnag (Jammu and Kashmir) [India], April 8 (ANI): With an aim to boost the development of apple orchards, an awareness-cum-distribution programme of Rootstocks was held in Anantnag on Friday.

Jammu Mar 24 PTI Lieutenant Governor Manoj Sinha on Thursday unveiled Rs 34829 crore potential linked credit plan of National Bank for Agriculture and Rural Development NABARD for the union territory officials said Sinha said that credit plan will meet aspirations of the ural population bridge gaps in rural infrastructure and strengthen co-operative credit systems to transform agricultural economy The credit plan was announced at seminar organized by NABARD in Jammu for presenting the focus paper 2022-23 for JK covering physical and financial potential under agriculture allied activities and other priority sectors including the off-farm sector activities in the union territory Speaking on the occasion the LG underlined the need to focus on the development of rural economy for unlocking its full potential by filling the gaps vis--vis infrastructure human resources and financing NABARD has been a vital driver of the rural economy by meeting the basic needs of infrastructure under the Rural Infrastructure Development Fund where 4178 projects have been completed in the last 26 years at a cost of Rs 8457 crores focusing mainly on irrigation and rural connectivity the officials said Highlighting that Agriculture Allied sector sustains over 70 per cent of population the Lt Governor also announced that NABARD and JKs Agriculture Department have jointly planned a development package of Rs 25991 crore to improve agricultural inputs farmers income through easy availability of credit technical up-gradation of agriculture and entire agriculture horticulture production chain The Lt Governor noted that this comprehensive plan was in line with the vision of the Prime Minister to double the farmers income In JK 36 Farmer Producer Organizations have been formed by NABARD which are benefiting about 6000 farmers and 26 more such organizations will be formed in this financial year decisively advancing the development of a strong base of modern agriculture and horticulture in the UT he added The Lt Governor expressed hope that NABARD will work closely with the UT administration in bringing self-reliance and efficiency in the Agriculture allied sector He noted that this year the UTs Agriculture department is distributing new high yield variety of seeds to about 9 lakh farmers besides targeting to link more than 33000 farmers with farm mechanization PTI AB MR MR

Jaipur Mar 21 PTI Short-term crop loans of Rs 18000 crore have been disbursed to farmers in Rajasthan this year and that of Rs 20000 crore are expected to be sanctioned in the coming year a state minister said on Monday State Cooperative Minister Udai Lal Anjana gave this information in reply to a question in the Vidhan Sabha He said that the state government had disbursed loans of Rs 18000 crore as against Rs 16000 crore sanctioned to farmers for short term crop loan and next year it is proposed to give Rs 20000 crore loan to farmers Answering the supplementary questions during the Question Hour Anjana said that the maximum credit limit for a short-term crop loan to farmers is fixed at Rs 150 lakh He said that the loan would be given to the farmers on the basis of available resources up to the maximum credit limit sanctioned by the state government He said that the number of farmers has increased due to the online registration process The Cooperation Minister assured that there is no shortage of funds under the scheme He said that 60 per cent contribution is made available from NABARD and 40 per cent by the state government under the scheme PTI AG MR MR