Unions fear bank officers may be hauled up if farm loans turn sour

The four officers’ unions in condition-owned banking companies have jointly written to the Indian Banks’ Association (IBA) expressing apprehension that their members may well be hauled above the coals if the financial loans offered to smaller and marginal farmers (SMFs) all through the two-week campaign (February ten to 24) convert bitter later on.

The worry of the unions stems from the fact that the campaign for saturating Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) beneficiaries with Kisan Credit rating Cards (KCC) has been undertaken in the off season for crop cultivation in main parts.

Diversion of funds

Hence, they alleged that

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Striking a balance between sustainable farming and feeding a billion people

Farm inputs these types of as chemical fertilisers, hybrid seeds and insecticides have performed a essential part in expanding the country’s food items output around the previous number of decades. Even so, the enter-intensive cropping techniques have raised problems on their economic, social and environmental affect, triggering desire to make farming far more sustainable.

The availability of more affordable urea has led to its surplus software by farmers, resulting in a nutrient imbalance, which has impacted soil health and fitness and major, in transform, to degradation in soil excellent. These kinds of a craze has started impacting farm efficiency.


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Rubber Board call centre – The Hindu BusinessLine

Growers can contact Rubber Board Connect with Centre to know about the products and services rendered by Board-owned providers. Syriac Sebastian, Controlling Director, Manimalayar Rubbers will go to to phone calls in this regard on February 26, 2020 from ten am to 1 pm. The Connect with Centre number is 0481 – 2576622.

The providers jointly owned by the Rubber Board and Rubber Producers Societies are rendering products and services this kind of as distribution of high quality planting materials, contract planting , contract tapping, sale of latex and sheet rubber and distribution of inputs to rubber growers.

Details about

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Bengal jute industry hit by fund crunch as banks set stringent credit norms

The jute marketplace in West Bengal is going through complications due to the dearth of functioning cash, as financial institutions have allegedly tightened the lending benchmarks for the sector, officers explained. The loan providers have been trying to get “clear land papers” from mills’ proprietors for extending financial loans, they explained.

At current, three main jute mills remained shut due to functioning cash crunch, marketplace resources explained.

“Lack of banking credit has strike numerous jute mills in the State. Mill proprietors are not receiving ample credit to operate their enterprises. Financial institutions make lending norms more stringent for land titles,

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Spice farmers, exporters should help India become $5-trillion economy: Minister

As aspect of the Centre’s initiatives to make India a $five-trillion economic climate, and a world powerhouse, by 2024-twenty five, spice farmers should really double their manufacturing whilst exporters should really maximize trade, Minister of State for Commerce and Industry Som Parkash reported.

He was listed here to inaugurate a functionality to present the Spices Board’s trophies and awards to exporters for their Excellence in the Export of Spices, and to start new assignments to guarantee the sustainable development of the domestic spices sector.

Farmers’ incomes should really be doubled as a result of an maximize in manufacturing, reported Parkash.

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