HOME         WEBSITE         SUBSCRIBE           E-GREETINGS   
                               

Tuesday, December 30, 2014

Radha Mohan Singh emphasises on Enhancing Agriculture Production and Productivity

Union Agriculture Minister Radha Mohan Singh emphasised on Government's priority on Enhancing Agriculture Production and Productivity, while addressing the journalist in a Press Conference organised in National Academy of Agriculture Science, Pusa. He further mentioned that the new Government has a very clear perception about holistic and sustainable growth of agriculture. 

Addressing on this occasion, Radha Mohan Singh mentioned the various initiatives and achievements of the Government during last seven months, to make the farmer-oriented policy aimed at lessening the distance between lab-to-land and infuse a new confidence among farmers: 

· Government have taken an initiative to ensure Integrated Soil Management. During 2007-08 to April 2014, an amount of Rs.112 crore was released for Soil Testing Laboratories whereas Rs.86 crore have been released after May 2014. The Government have sanctioned Rs.568.54 crore for the next three years to provide Soil Health Card to 14.5 crore farmers. Earlier, there was no separate scheme for Soil Health Card under Mission mode. 

· The Government has started National e-governance Scheme in agriculture sector with an allocation of Rs.886 crore. 

· At block level, the number of agriculture extension workers has been increased by 8000. Now, their number has increased to 26,000 from 18,000. 

· Technical support to farmers in agriculture sector has been a problem area. To tackle this problem, we have set up 913 Farm Machinery Banks. Farmers will be able to take equipments on hire basis from these banks. 

· In addition, we have distributed 72627 farm machinery equipments during last six months. An amount of Rs.1345 crore has been sanctioned to states for machinery banks and equipments/instruments whereas during 2013-14 figure for farm mechanization was Rs.1213 crore only. 

· An allocation of 50% under National Food Security Mission (NFSM) had been made for growth of pulses so as to encourage cultivation of pulses. Also, a decision has been taken to start the cultivation of pulses in the states of Jammu & Kashmir, Himachal Pradesh, Uttarakhand and the North-Eastern States including Sikkim. 

· The Government have increased the subsidy amount to Rs.300/ha from Rs.100/ha to promote bio-fertilizers. 

· The Government have established a special fund of Rs.500 crore as an important initiative. With the setting up of this Price Stabilization Fund, farmers will be able to get fair price of their products. We have called upon the State Governments to amend the APMC Act so that farmers may sell their fruits and vegetables direct to consumers. So far, 12 States have agreed to our suggestion. States have been requested to set up Kisan Mandis and a kisan mandi is being established in Delhi. The entire country being connected through e-marketing under Agri Tech Infrastructure Fund. 

· The Government have given in-principle approval to a scheme of traditional agricultural development. The Prime Minister's Krishi Sichai Yojana is under finalization. We also have a plan to make comprehensive amendments in the Cooperative Act and make available a 24-Hour exclusive TV Channel for farmers. We have also targeted to cover at least one family out of three families under Kisan Call Centre. 

· The Government have made several initiatives for development of Animal Husbandry, Dairy and Fisheries sector under the National Gokul Mission. An allocation of Rs.500 crore has been made to protect and promote the breed of Desi Cows. So far, projects of Rs.378 crore have been sanctioned and Rs.123 crore have been released during the current financial year. 

· Under National Dairy Plan Phase-I from June to November 2014, 87 SP Projects has been sanctioned as compared to 41 SP Projects during the same period last year. 

· During June-November, 2014, Rs.133.56 crore subsidy has been released under Dairy Entrepreneurship Development Scheme. National Livestock Mission has been made effective in the entire country. 

· The Fisheries Guidelines have been simplified further. Fishing boats of 15 mtr. Size or more can enter Exclusive Economic Zone to catch fish. In case of death of fishermen, insurance amount has been increased from Rs.1.00 lakh to Rs.2.00 lakhs. Sanction for housing for 830 fishermen under Fishermen Welfare Scheme has been issued. Government will adopt latest technologies to promote Blue Revolution in the country. 

· Under Mission Blue Revolution and RKVY, Government plans to establish new breeding centres cages, manufacturing of marine cages and cold water fishing with a provision of Rs.157 crore. 

· We aim to increase milk production to 150 million tonnes by 2016-17 and also organized dairy market will be extended. 

During the conference, Sh. Radha Mohan Singh mentioned that there will be definite results of all these initiatives taken by the Government in the time to come and there will be growth in agricultural sector and welfare of farmers will be promoted. He hoped that agriculture's contribution in GDP will touch newer heights with these initiatives. 

Blog Archive

____________________________________________________________________________________________

Disclaimer - All investments in Mutual Funds and securities are subject to market risks and uncertainty of dividend distributions and the NAV of schemes may go up or down depending upon factors and forces affecting securities markets generally. The past performance of the schemes is not necessarily indicative of the future performance and may not necessarily provide a basis for comparison with other investments. Investors are advised to go through the respective offer documents before making any investment decisions. Prospective client(s) are advised to go through all comparable products in offer before taking any investment decisions. Mutual Funds and securities investments are subject to market risks and there is no assurance or guarantee that the objectives of the fund will be achieved. Information gathered & material used in this document is believed to be from reliable sources. Decisions based on the information provided on this newsletter/document are for your own account and risk.


In the preparation of the material contained in this document, Varun Vaid has used information that is publicly available, including information developed in-house. Some of the material used in the document may have been obtained from members/persons other than the Varun Vaid and which may have been made available to Varun Vaid. Information gathered & material used in this document is believed to be from reliable sources. Varun Vaid however does not warrant the accuracy, reasonableness and/or completeness of any information. For data reference to any third party in this material no such party will assume any liability for the same. Varun Vaid does not in any way through this material solicit any offer for purchase, sale or any financial transaction/commodities/products of any financial instrument dealt in this material. All recipients of this material should before dealing and or transacting in any of the products referred to in this material make their own investigation, seek appropriate professional advice.


Varun Vaid, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of this material in any manner. The recipient alone shall be fully responsible/are liable for any decision taken on the basis of this material. All recipients of this material should before dealing and/or transacting in any of the products referred to in this material make their own investigation, seek appropriate professional advice. The investments discussed in this material may not be suitable for all investors. Any person subscribing to or investigating in any product/financial instruments should do soon the basis of and after verifying the terms attached to such product/financial instrument. Financial products and instruments are subject to market risks and yields may fluctuate depending on various factors affecting capital/debt markets. Please note that past performance of the financial products and instruments does not necessarily indicate the future prospects and performance there of. Such past performance may or may not be sustained in future. Varun Vaid, including persons involved in the preparation or issuance of this material may; (a) from time to time, have long or short positions in, and buy or sell the securities mentioned herein or (b) be engaged in any other transaction involving such securities and earn brokerage or other compensation in the financial instruments/products/commodities discussed here in or act as advisor or lender / borrower in respect of such securities/financial instruments/products/commodities or have other potential conflict of interest with respect to any recommendation and related information and opinions. The said person may have acted upon and/or in a manner contradictory with the information contained here. No part of this material may be duplicated in whole or in part in any form and or redistributed without the prior written consent of Varun Vaid. This material is strictly confidential to the recipient and should not be reproduced or disseminated to anyone else.


Varun Vaid also does not take any responsibility for the contents of the advertisements published. Readers are advised to verify the contents on their own before acting there upon.


Published Credits goes to following sources & all the mentioned sources as footer below the published material- Bloomberg, Valueresearch Online, Capital Market, Navindia, Franklin Templeton, Kitco, SBI AMC, LIC AMC, JM Financial AMC, HDFC AMC, The Hindu, Business Line, Personal FN, Economic Times, Reuters, Outlook Money, Business Standard, Times of India etc.