Source: The Hindu Business Line Author: Rajalakshmi Nirmal The Center’s moves to stop domestic market prices of agricultural commodities from falling, be it by increasing the minimum support price (MSP), hiking import duty or levying […]
Operation Greens aims to promote farmer producers organisations, agri-logistics, processing facilities and professional management. The operation aims to aid farmers and help control and limit the erratic fluctuations in the prices of onions, potatoes and […]
The Commission for Agricultural Costs & Prices (CACP) is an attached office of the Ministry of Agriculture and Farmers Welfare, Government of India. It came into existence in January 1965. Currently, the Commission comprises a […]
The Scheme of Decentralised procurement (DCP) refers to the manner of procurement of foodgrains to the central (federal) government stock, through the state agencies, rather than through the central (Federal) agency of Food Corporation of India (FCI). […]
Market Intervention Scheme (MIS) is a price support mechanism implemented on the request of State Governments for procurement of perishable and horticultural commodities in the event of a fall in market prices. The Scheme is […]
Minimum Support Price (MSP) is a form of market intervention by the Government of India to insure agricultural producers against any sharp fall in farm prices. The minimum support prices are announced by the Government […]
The Kisan Credit Card (KCC) scheme was introduced in 1998 for issue of Kisan Credit Cards to farmers on the basis of their holdings for uniform adoption by the banks so that farmers may use them to readily purchase agriculture inputs such as seeds, fertilizers, pesticides etc. and draw cash for their production needs. The scheme was further
THE LOWDOWN ON MSP ROADMAP Author: Vikas Vasudeva Read the full article here. The Union Budget 2018-19 proposed to give farmers a minimum support price (MSP) 1.5 times of the production cost. The agriculture sector […]
Why in news recently?
(A Bill to increase the authorised share capital of NABARD was passed by the Parliament.)
Author: Krishnadas Rajagopal
The National Bank for Agriculture and Rural Development (NABARD) Act, 1981 has been amended to boost the rural and agricultural sector. The amendments recognise the vital role of micro, small and medium enterprises (MSMEs), as defined under the MSME Development Act of 2006, in rural entrepreneurship and are intended to make financing easier for them.
Main reasons for the agricultural crisis in India:
- Rising pressure of population on farming and a steady declining trend in land holdings
- Risks in production, weather and disaster, price, credit, market and those in policy.
- Predominance of informal source of credit.
- Price risks due to low resilience
- High production cost.