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Best 3 Question of Daily 06 Oct Agriculture Current Affairs
- Centre Offers marketing support to states to push ‘One District One Product’ agri plan.
- Regional rural banks incur a net loss of Rs. 2,206 crores in FY20:
- ITC’s e-Choupal boosts farmers’income by 50% with direct sourcing.
One District One Product’ Plan
- The Centre plans to extend marketing support to states that implement the’one district one product ‘ plan in the ensuing rabi season to help farmers cultivate identified products on a bigger scale and get better prices, officials said.
- “Food products rich in nutritious rai can be developed in Karnataka, sunflower in Tamil Nadu, and mustard in Rajasthan. Similarly, there are many districts which have GI crops like chilli in Guntar and Alphonso mangoes from Ratnagiri,” a government official said.
- “These districts can be developed as niche markets for particular crops resulting in improvement in varieties.”
- There are 540 districts in the country and more than 100 out of them have GI tag crops, which can gain from the plan, officials said. “One agriculture or horticulture crop already grown in a district or having potential in all parameters like suitable climate and capacity to raise the income of farmers will be identified),”
- The official said the ministry will soon form a committee to implement and monitor this scheme. “We want to help farmers realise better prices with increased scale.
RRB incur a net loss of Rs 2,206 crore in FY20: NAbard
- Regional rural banks (RRBs) as a group reported a net loss of Rs 2,206 in the fiscal year ended March 31, 2020, as against Rs. 652-crore net loss in FY19.
- During FY 2019-2020, 26 RRBs earned a profit of Rs. 2,203 crore, while 19 incurred losses of Rs 4,409 crore, the data showed.
- The data on RRBs, recently published by the National Bank for Agriculture and Rural Development (Nabard), is based on the data uploaded by the RRBs in the Ensure porta;
- As of March 31, 2020, there were 45 RRBs functioning in 685 districts of 26 states and three union territories (UTs). These RRBs were sponsored by 15 commercial banks and operating through a network of 21,850 branches.
- Gross non-performing assets as a percentage a gross loans outstanding of RRBs marginally declined to 10.4 percent as of March 2020, from 10.8 percent as on March 31, 2019, the data showed.
- total business of RRBs Stood at Rs 7.77 lakh crore as of March 31, 2020.
ITC’s e-Choupal boosts farmers’ income by 50%
- The company says farmers have earned up to 50% ore by using e-Choupal, which it uses for direct sourcing of Agri commodities.
- While farmer’s advantages through improved farm profitability and higher firm gate prices, ITC profits by lowering the net expense of procurement, having wiped out unnecessary costs in the supply chain.
- ITC sources more than 2 million tons of Agri items from 225 regions in 22 states, of which around 66% in through e-Choupal. Throughout the years, ITC has been interacting with farmers by means of e-Choupal to produce excellent wheat potato, fruits, milk, vegetables, and coffee, etc.
- A few projects have yielded earning higher than even 50% for farmers. Projects like Baareh Mahine Hariyali (covering 2 lakh farmers) have exhibited the capability of multiplying farmers’ livelihoods twice through different interventions like expanding cropping intensity, Sivakumar, group head (Agri and IT businesses), ITC, noted including e-Choupal had helped farmers in getting value revelation of yield in the village itself, helping them to settle on right selling choices.