DAIRY FARMER LOANS
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of over 25%
The FPIs that were selling in the Indian market all these months mostly owned large-cap stocks. And as they sold them, it was that segment which bore the brunt of the selling. The same logic will operate in reverse as they start buying, focusing once again on the safer and more liquid large-cap stocks.
These mid-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of over 25%, according to analysts
The last few weeks have made one thing clear. Oil prices, US bond yields, corporate earnings, and the state of the world – all point the same way. So, the market is more likely to stay in this jumpy and uncertain mood for quite some time. But then there is something called history, and it provides some interesting lessons.
BFSI sector in no hurry to adopt complete automation: Perfios Group CEO
The BFSI sector adopts automation cautiously due to strict regulations and its conservative nature. Artificial general intelligence adoption will likely be slow, with humans remaining essential. Automation will enhance underwriter efficiency for loan decisions, not replace human oversight entirely. Perfios launched an agentic AI system for credit evaluation using real-world data.
Farmer denied Central govt subsidy on dairy loan: Federal Bank ordered to pay Rs 1.7 lakh; court says bank failed to give NABARD the claim details for nearly seven years
Farmer denied Central govt subsidy: A Kerala consumer commission has ordered Federal Bank to pay Rs 1.76 lakh to a dairy farmer from Kannur after ruling that the bank's failure to properly file his NABARD subsidy claim on time cost him a benefit he was fully entitled to. The court held the bank's procedural lapses amounted to deficiency in service.
Frictionless credit initiative slashes operational costs for lenders by 70 pc: RBI official
The Reserve Bank of India's frictionless credit initiative has resulted in a 70% reduction in customer acquisition costs for lenders and a 6% saving for borrowers, according to a senior official. The pilot programme, which began in April with an all-digital kisan credit card lending scheme in Tamil Nadu and Madhya Pradesh, has since been extended to four additional states.
RBI's lending innovation: Can't prove creditworthiness? Now you will still get a loan
The Reserve Bank of India (RBI) is developing a Public Tech Platform for Frictionless Credit delivery through end-to-end digital lending processes, beginning with Kisan Credit Card and dairy loans. RBIH, the RBI's wholly owned subsidiary that accelerates innovation in the financial sector, is piloting its platform in five states and plans to expand its offering to include education loans, MSMEs, and vehicle and personal loans. It will allow lenders to tap into data on milk sales or land records to establish creditworthiness, speeding up the loan application process from its current two to three weeks to a few minutes.
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New RBI platform to use milk supply data for dairy farmer loans
Using a new platform created by the Reserve Bank Innovation Hub, a borrower can access information on the milk that dairy farmers sold to Amul or state-accessible land records to calculate their ability to pay back the loan. Many farmers or dairy farmers find it impossible to obtain a bank loan for want of any credit history but this move is seen as a solution to the problem.
New SahiBnk branch unveiled in Assam; initiative led by Assam Agribusiness and Rural Transformation Project
The inauguration ceremony was attended by key dignitaries including S K Parida, General Manager, WAMUL officials from WAMUL and Manipal Business Solutions. It stated that under the Assam Challenge fund – “Xamahar” Initiative, Manipal Business Solutions partnered with the Assam Rural Infrastructure and Agricultural Services (ARIAS) Society in September 2022 to deepen financial inclusion and extend banking services among the farmers, Dairy cooperatives in the Dairy Value Chain of Assam.
Aavishkaar Capital leads $13 million funding for agritech startup MoooFarm
Founded in 2019 by Param Singh, Aashna Singh, Abhijeet Mittal & Jitesh Arora, MoooFarm is organising the pre-farm gate dairy sector, a large and unexplored market that constitutes almost 4.6% of India’s gross domestic product.
Lok Sabha witnesses heated arguments over issue of farm loan waivers
Lok Sabha on Tuesday witnessed heated arguments between the Treasury and Opposition benches over the issue of farm loan waivers with Speaker Om Birla making an intervention and telling the members that advances under the Kisan Credit Card scheme are not written off.
Dairy-focused neobank DGV gets $3.1 million in first institutional funding
Digivriddhi Technologies (DGV) — a dairy-focused neobanking startup — will use the funding from Info Edge Ventures and Omnivore, for expanding its network from 80 locations at present to 500 by the end of the current fiscal.
Cooperatives absorb Covid shock, help milk farmers beat crisis
Data of first six months (April-September) of current and previous financial years show that dairy cooperatives did not stop procurement despite selling less during the six months in 2020 compared to the corresponding months last year. Ideally, the procurement of cooperatives and sale could have been higher.
Government approves Rs 15,000 crore Animal Husbandry Infra Development Fund
The fund is part of the Rs 20 lakh crore stimulus package announced in May to help people affected by the lockdown to prevent the spread of COVID-19. An interest subvention of 3-4 per cent will be provided to farmer producer organisations, MSMEs and private players for setting up of dairy, meat processing and animal feed plants
Budget 2019: Proposals bring cheer to dairy industry
Finance Minister Piyush Goyal announced a 2% interest subvention for farmers engaged in animal husbandry and fisheries who take loans through the Kisan Credit Card (KCC) scheme.
View: Direct income support for farmers in Budget 2019- An idea whose time has come
The interest subvention announced for farmers in the animal husbandry and fisheries sector needs clarity.
Dairy industry hails Budget 2019, says measures would increase farmers' income
Finance Minister Piyush Goyal announced 2% interest subvention for farmers engaged in animal husbandry and fisheries who take loan through the Kisan Credit Card scheme.
CCEA gives nod to Rs 10,881-cr dairy processing & infrastructure fund
Under the DIDF, loan will be provided at an interest rate of 6.5 per cent per annum with a repayment period of 10 years with initial two years of moratorium, an official statement said.
Government seeks Rs 16K cr loan from JICA for dairy development
The government has sought Rs 16,027 crore loan from JICA for various programmes to develop dairy sector and meet rising domestic demand for milk and milk products.
Veggies, milk prices up in Mumbai, Pune as supplies cut off
Devendra Fadnavis, refusing to accept any of the demands of the farmers, alleged that the opposition parties were trying to intensify the agitation.
Milk Mantra to educate diary farmers
The programme focused on clearing out myths and bring out realities into the conventional practices.
HDFC Bank digitises over 1200 dairy co-operatives across India
The Milk to Money footprint now covers the states like Gujarat, Rajasthan, Maharashtra, Uttar Pradesh, Punjab, and Haryana among others.
HDFC Bank digitises over 1200 dairy co-operatives across India
M2M was launched in 2010 and benefits about 3.2 lakh dairy farmers across 16 states, HDFC said.
Dairy companies woo cattle farmers for steady supply
Industry executives say the share of the organised dairy segment in the Indian dairy industry is expected to improve from about 19 per cent last year.
Verka to launch premium brand of indigenous cows' milk
Punjab chief minister Parkash Singh Badal asked the MILKFED to introduce a premium brand of desi cow milk as a healthy drink under its popular brand name of Verka.
Nabard offers Rs 147 crore loan to promote dairy farming
Farmers and individual entrepreneurs not only can avail the opportunity of getting loan besides they can also avail 25 to 30 per cent subsidy.
BJP government to dig out Pawar 'model' to curb farmer suicides
Chief Minister Devendra Fadnavis is scheduled to reply to a debate on the issue of loan waiver in the legislature on Monday.
Kwality signs MoU with Central Bank to finance dairy farmers
As per the MoU, Kwality will identify the farmers who supply milk to them and are in requirement of financial assistance.
Government should hand over Mother Dairy to cooperatives: GCMMF
Noting that the govt has no role in the milk business, the GCMMF said the Centre should hand over control of Mother Dairy to cooperatives.
SBI grants highest ever loan of Rs 300cr for dairy firms in Punjab
SBI has earmarked highest ever fresh lending of Rs 300 crore to encourage commercial dairy farm projects in the state.
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