The Budget 2015-16 had allocated Rs13,000 crore to the scheme, under which banks extend short-term loans of up to Rs3 lakh to farmers at an interest rate of 7 per cent.
Harish Damodaran explains the relationship between El Niño and the Indian monsoon, and the implications for the economy.
In the last 140 years, over half of the major droughts in India have coincided with the El Niño Southern Oscillation events
Government must prepare to address the fallout of a poor monsoon season. It has no time to lose.
We need clarity on how the government plans to tackle the deficient monsoon.
Jitendra Singh said there was no scientific evidence of a drought this year.
296.2 mm rain brings down July deficit to 25 per cent.
The district will continue supplying tankers to affected areas. In Pune, there are 75 tankers in operation.
Agriculture got top billing with a substantial rise in allocation from Rs 16,355 crore in 2013-14 to Rs 22,413 crore.
Monsoon was to hit the national capital by June 29, but has been delayed by a week.
Effect of El Nino on Indian monsoon will be clear by July, but poor rains could hurt growth by 50-75 bps.
‘The first sounds I ever heard were those of falling rain.’ Chasing The Monsoon,Frater. For 88-year-old,Omkar Nath Dhar,the monsoons are his friend.
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