14-November-2022: Subsidy on Drone, IIRR Researchers, PM Fasal Bima Yojana, JU Agri Sciences

14 November 2022

• Centre to Spend Over Rs 2.5 lakh cr This Year to Make Fertilisers Available to Farmers at Affordable Prices

  According to Prime Minister Narendra Modi, the Central government has spent over Rs 10 lakh crore over the past eight years to ensure that farmers in the nation are not burdened by the high global fertilizer costs. At Ramagundam in Telangana, where he laid the first stones for numerous projects totaling more than Rs 9,500 crore and dedicated them to the nation, Modi said the Union government would spend more than Rs 2.5 lakh crore this year to make fertilizers accessible to farmers at reasonable prices.

• Subsidy on Drone: Modi Govt Provides Financial Aid up to Rs 5 Lakh to Farmers for Buying Drones

  A drone helps a producer to spray fertilizers and other chemicals on its crops in less time with ease, as well as keep an eye on the farm to keep it secure through the drone camera. Narendra Modi-led government has initiated a subsidy plan, which will cover 50 per cent of the amount of a drone, up to Rs 5 lakh. Farmers will receive financial aid on the drones purchased for farming purposes only. The initiative comes under the idea of making agriculture technologically synced in order to maintain ease of work with lower time investment, hence improving the financial outcome for the producers.

• PM Fasal Bima Yojana: Punjab Agrees to Join Central Government's Crop Insurance Scheme

  Two years of consecutive crop losses due to unfavorable weather and pest attacks on "white gold" cotton, which required the ruling dispensation to pay Rs 1,500 crore in compensation to paddy and cotton farmers, are what have sparked the state government to change its decision on the matter. Till three years ago, the crop loss in Punjab had never exceeded 5%. However, over the last two to three years, crop losses in cotton and paddy (basmati and non-basmati) have exceeded 15%. In the last two years, cotton growers who had their crops damaged by bollworm or whitefly attacks alone have received compensation of Rs 700 crore, according to state agriculture department officials.

• JU Agri Sciences Receives ‘Top Most Manufacturing Company' Award in Lucknow

  Shivaji Singh, Head of HR at JU Agri Sciences, received the award on behalf of the company. The award is given to the leading organizations that are working to shape the future. The title marks the outstanding contributions made by individuals and organizations, toward the growth of society, while also boosting the local ecosystem. The award celebrates those making a difference in the market and transforming lives through their services. 

• Vermicompost: Sustainable Solution for High Yields & Soil Replenishment

  Vermicompost is becoming increasingly popular, so it's important to encourage farmers and agricultural entrepreneurs to make it and incorporate it into the proposed Manipur Organic Policy. It requires very little time and money, according to Krishi Vigyan Kendra's agronomy specialist Nandini Chongtham. It improves soil quality and gives plants the nutrients they need for more significant growth and increased yield. Farmers greatly benefit from vermicompost made from Eisenia fetida and Eudrilus eugeniae (both earthworm species), according to her.

• IIRR Researchers Develop Paddy Varieties that Need 30% Less Phosphorous

  While the nation struggles to meet the demand for fertiliser, researchers at the Indian Institute of Rice Research (IIRR) have created paddy varieties that require at least 30% less phosphorous. A small portion of the seed consignments, successfully tested at the institute's Rajendranagar trial fields, have already made it to the farmers' fields in Telangana and Karnataka.