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Netafim-backed NAFA raises USD 50 mn via equity and ECB from Israeli investors

Netafim-backed NAFA raises USD 50 mn via equity and ECB from Israeli investors
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Agri sector hopes for a pivotal push from Union Budget 21-22

Agri sector hopes for a pivotal push from Union Budget 21-22
January 31, 2021
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Industry players expect lower taxes for agri-tech, specific interventions for crop R&D and post-harvest infrastructure
For agriculture, which was the only sector to witness growth during the Covid-19 pandemic, expectations are high from the Union Budget 2021-22. The sector is likely to see higher allocations especially in the areas of agriculture credit, PM Kisan and irrigation among others.
Industry players are looking forward to incentives such as lower taxes for agri-tech and specific interventions for crop R&D and post-harvest infrastructure.
The Budget should focus on augmenting supply-demand mismatches in areas such as pulses, animal protein and dairy, as the outlays were disproportionately tuned towards erstwhile green revolution crops such as rice and wheat, said Anand Ramanathan, Partner, Deloitte India. ....

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Stories written by Prabhat Chaturvedi

Prabhat Chaturvedi
Mr. Prabhat Chaturvedi is the Chief Executive Officer of Netafim Agricultural Financing Agency Pvt Ltd (NAFA). Under his strong leadership, NAFA is witnessing rapid progress to become one of the prestigious NBFC offering customized financial solutions to the entire value chain of the smart irrigation system in India.
27th Jan 2021 ....

Prabhat Chaturvedi , Netafim Agricultural Financing Agency Pvt Ltd , Chief Executive Officer , பிரபத் சதுர்வேதி , தலைமை நிர்வாகி அதிகாரி ,

Agri-NBFCs seek parity with banks, want inclusion in govt subsidy schemes

Agri-NBFCs seek parity with banks, want inclusion in govt subsidy schemes
By
IANS
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Published on
Tue, Jan 26 2021 14:57 IST
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Non-Banking Financial Company (NBFC).. Image Source: IANS News
New Delhi, Jan 26 : In a bid to strengthen Agri-NBFCs and help it become a significant contributor in financing the entire value chain of agriculture, the government may consider including these financial institutions in all state supported subsidy schemes and programmes.
The Agri sector NBFCs have made a strong case for including them in various subsidy schemes and programmes of the government, a benefit hitherto available only to the Banks.
This is a demand that would be given due consideration while framing financing regulations for the agricultural sector, official sources said. ....

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