Govt announces measures to help farmers post-demonitisation
The Dollar Business Bureau The government on Wednesday announced a host of measures to support the farmers who have been suffering due to the cancellation of Rs.500 and Rs.1000 notes. The government had already announced special measures, including higher cash drawing limits for farmers and registered traders in APMC markets/mandis, extension of time limit for payment of crop insurance premium and purchase of seeds with old high denomination bank notes of Rs.500 from certain select Government centres. The additional steps such as ensuring availability of cash in rural branches of banks and 1.55 lakh post offices and network of banking correspondents has also been made available with higher cash holding limits to meet the requirements of people in the rural areas. The collective efforts ...
Indian government announces funds to boost food processing, exports
NABARD to release Rs.3,000 crore as loans for establishment of food processing units, cold chain infrastructure Sachin Manawaria | @TheDollarBiz The funds announced by the government will help modernise existing food processing facilities as well (Pic - The tea factory in Munnar is the oldest tea factory in India) The Indian government has embarked on several measures, including funds for food processing units and cold chain facilities, to help improve the countrys food processing sector and boost exports. India is a top producer of food grains, and fruits and vegetables, but processed food exports remain stunted because only 2% of total production is currently processed in the country. Lack of food processing and cold chain facilities are also reasons behind the high ...
