Banks will not be able to deduct more than 50% of the earning amount from farmers in MP

Relief for farmers, Govt. extended the duration of short-term crop loan

Rabi crops continue to be procured across the country amid nationwide lockdown. Along with the purchase of wheat, now payment has also been made to farmers. But the bank has started deducting money from the farmers who had taken a loan from the bank for farming, due to which the farmers are not getting the full amount.

It is important to note that in Madhya Pradesh, most farmers take crop loans and farmers’ credit card loans to do farming. Farmers then fulfill this loan by selling their crop production. However, this year, due to rainfall and the corona epidemic, the savings of farmers have been very low. Due to which the farmers can face more problems due to the bank cutting the earning money.

Keeping these problems in mind, the Government of Madhya Pradesh has now ordered the banks not to deduct more than 50% of the outstanding loan amount from the amount of crop sold by farmers at minimum support price under the Rabi Earnings. Along with this, the Chief Minister has also instructed the banks to provide loans at zero percent interest to the farmers for the next crop.

Source: Kisan Samadhan

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Big relief in lockdown: Government will buy rabi crops from farmers’ home

Farmers are facing a range of difficulties due to the ongoing nationwide lockdown due to the Corona crisis. Actually the present time is of harvesting of Rabi crops and government procurement, but during the lockdown on this issue, the government has taken the initiative to give a big relief to the farmers.

To tackle this problem, the Punjab government has taken an important decision. The Punjab government is preparing to go to the villages to purchase crops to prevent congestion in the mandis during the procurement of rabi crops. During this time, priority will be given to those villages which are located at a distance of about 1 to 2 km from the mandis.

Officers of Agriculture and Food Departments have been instructed by the Punjab Government to soon find a way to go to the farmers of the villages and buy wheat. It has been suggested to send workers to farmers’ homes to help the farmers of the villages located away from the mandis.

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Good news for farmers, government lifted the ban on onion exports

Gramophone's onion farmer

To protect the interests of farmers, the government has lifted the six-month-old ban on the export of onions on 26th February. This decision will provide farmers with a big market for their onion crop and thus they can earn more profit. There was a major need for such step as the prices are likely to fall heavily due to bumper production of rabi crops especially onion.

It should be noted that in September 2019, the government had imposed a ban on the export of onions due to the rapid increase in its prices. But the conditions have changed now and the onion rates had stabilized. Along with this, there has been a rapid growth of onions this year in the country, because of which, Food Minister Ram Vilas Paswan has announced to lift the ban on the export of onions.

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