Karnataka to promote Bengaluru Rose onion exports
By IANS |
Published on
Wed, Jan 20 2021 22:51 IST |
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Bengaluru, Jan 20 : Four onion growing producer organisations of Karnataka signed an agreement with the city-based BS Allium Cepa Exports Ltd to promote Bengaluru Rose onion exports, an official said on Wednesday. The state government has identified Chikkaballapur, Kolar and Bengaluru Rural district as rose onion clusters to encourage their exports under the agriculture export policy of the Central government through interventions, said an official of the Karnataka State Agricultural Produce Processing and Export Corporation Ltd (KSAPPEC) in a statement here.
Rose onion, grown in about 1,200 hectares of farmlands in Bengaluru Rural, Chikkaballapur and Kolar districts, is much sought after in Malaysia, Brunei, Indonesia, Singapore and Thailand for spicy food.
GUWAHATI: Assam chief minister Sarbananda Sonowal, while attending the state credit seminar 2021 of National Bank for Agriculture and Rural Development (Nabard) in Guwahati on Monday, said his government aims to double the income of farmers in the 2021-2022 financial year.
Lauding Nabard’s initiative to hold a seminar, Sonowal said, “There are ample opportunities in the state to transform agriculture as a dignified way of living. There is a need for introduction of more advanced technologies in agriculture and engaging the youth in larger numbers to tap the inherent potential in this sector.”
Sonowal said that Prime Minister Narendra Modi in a bid to double farmers’ income introduced a number of initiatives, including distribution of soil health card, Kisan Samman Nidhi, Krishi Sinchai Yojana, KCC, etc.
January 07, 2021
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Central Bank of India (CBoI) and NABFOUNDATION, on Thursday, entered into a Memorandum of Understanding (MoU), whereby working capital will be provided by the bank to all self-help groups (SHGs) which have an account with it and undertake the Nabard-sponsored ‘My Pad My Right’ project.
“This cheap, collateral-free credit support is just what the rural women will need as they take up manufacturing on a regular basis,” said NABFOUNDATION, which is a wholly-owned subsidiary of the National Bank for Agriculture and Rural Development (Nabard), in a statement.
Under the project, one pad making machine will be sponsored per district across the country to a well-functioning SHG, along with the requisite capacity building support, with total grant support pegged at nearly ₹5 lakh per unit, according to the statement.
Ranchi: The National Bank for Agriculture and Rural Development (Nabard) has assessed a credit flow potential of Rs 28,643.64 crore for the upcoming 2021-22 fiscal under different priority sectors to enhance farmers income in Jharkhand. The figure was announced at the daylong State Credit Seminar 2021-22 held at a city hotel on Thursday.
The sectors identified for a push in the coming fiscal included agriculture, MSME, education, housing, social infrastructure, renewable energy among others.
Speaking on the occasion, chief minister Hemant Soren asked banks to be more forthcoming with their spending to facilitating loans to farmers and people of the state for their progress.
Pandemic may bring back plan for a new credit enhancing NBFC
By IANS |
Published on
Tue, Dec 15 2020 19:51 IST |
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Non-Banking Financial Company (NBFC).. Image Source: IANS News
New Delhi, Dec 15 : The government may give the go-ahead for a new credit enhancement non-banking finance company (NBFC) that will act as a guarantor for lower-rated bonds issued by infrastructure companies to help them raise funds at competitive rates.
A credit enhancement structure or a company helps in lifting the ratings of a specific project or a Special Purpose Vehicle (SPV) executing that project, making it easier for them to mobilise funds from the market at attractive rates.