Extraordinary circumstances of ECA not applicable to processors, other value chain players: Agri Secretary

Jannie Delucca

Processors of agricultural develop and value chain providers are stored out of the purview of stock keeping limit when extraordinary conditions situation in the amended Essential Commodities Act is invoked thanks to selling price hike, Agriculture Secretary Sanjay Agarwal has reported.

The Agricultural Secretary, who addressed a webinar organised by ag-tech start-up Agribazar on recent agricultural reforms on Thursday night, was responding to thoughts raised by other contributors.

On June five, the govt amended the Essential Commodities Act (ECA) of 1955 to retain major agricultural commodities these kinds of as cereals, pulses and oilseeds out of its purview and also brought in two ordinances that would enable trade in agricultural develop outdoors the traditional agricultural market and offer good selling price and security to farmers who engage in agreement farming with processors and other customers of agricultural commodities.

“These extraordinary conditions are not applicable to processors or value chain providers

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Indian Bank launches new products to support farmers, poultry players

Jannie Delucca

The Indian Financial institution has released 3 new merchandise to help farmers, poultry players and the workforce in the casual sector in the course of the present-day crisis activated by the outbreak of dreaded Covid-19 virus.

Below the IND Covid Unexpected emergency Agro-Processing Mortgage, agro-processing models can avail 10 for every cent of the working capital limit.

Debtors in the poultry sector (layer/breeder/broiler) can avail 20 for every cent of the working capital limit beneath the IND Covid Unexpected emergency Poultry Mortgage scheme.

Equally, beneath the IND KCC Covid Sahaya Mortgage, farmers cultivating crops and rearing animals and acquiring Kissan Credit score Card facility can avail 10 for every cent of the limit as a soft financial loan, Indian Financial institution claimed in a assertion. The financial loans are repayable in easy instalments with 6 months moratorium time period, it claimed.

Moreover, beneath a specific credit package deal “SHG Covid

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