Steps will be taken to develop large-scale storage facilities in Rayalaseema region, says Minister
Speaking at the swearing-in ceremony of the newly elected chairperson and members of the Railway Kodur Agricultural Market Committee, Mr. Manohar addressed a gathering of farmers and coalition party cadres. He reiterated the government's resolve to protect farmers' interests by curbing middlemen exploitation and ensuring fair prices for their produce. 'As part of our farmer-friendly initiatives, we will engage in thorough discussions with the government and swiftly act to establish cold storage facilities here,' he said.
Highlighting the reach and impact of various government schemes in the agricultural sector, Mr. Manohar noted that reforms have significantly transformed farmers' lives, instilling confidence that agriculture can be profitable. 'During the Kharif and Rabi seasons, the State government procured 63 lakh metric tonnes of paddy, crediting ₹12,000 crore directly to farmers' bank accounts within 24 hours,' he said, emphasising that the coalition government has empowered farmers with the freedom to sell paddy to mills of their choice.
Mr. Manohar also highlighted welfare programmes like the Deepam scheme, which has benefited three lakh women beneficiaries in Annamayya district alone. The State government is currently spending ₹2,500 crore monthly on social pensions, while also focusing on improving rural infrastructure under the Panchayat Raj system.
Acknowledging the financial challenges faced by the government, the Minister affirmed, 'We remain committed to implementing welfare and development programmes.' He urged officials and agriculture market committee members across the State to adopt innovative ideas to enhance market revenues.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New Indian Express
5 hours ago
- New Indian Express
Oil palm processing units to come up in all districts in Telangana
MULUGU: Agriculture Minister Thummala Nageswara Rao said the state government plans to set up oil palm processing factories in all districts. Chief Minister A Revanth Reddy will inaugurate a large facility in Siddipet district this month, he added. On Monday, Nageswara Rao and Panchayat Raj Minister Danasari Anasuya (Seethakka) laid the foundation stone for an oil palm processing unit at Incherla village in Mulugu district. Speaking at the event, Nageswara Rao said Mulugu had been a hub for farming since the days of undivided Andhra Pradesh. 'I have been a farmer for 40 years and never faced any trouble in agriculture,' he said. In Mulugu, oil palm is currently grown on 5,000 acres, with plans to expand by another 5,000 acres. He stressed the need for awareness programmes to educate farmers on the benefits of oil palm and horticulture crops, urging them to shift to more profitable cultivation. The minister also noted that Mulugu district has many tourist attractions, and the government is working to develop it as a tourism hub. The Karregutta area has been developed as a tourist corridor, he added. 'IT firm to set up office in Mulugu district' Seethakka encouraged farmers to cultivate at least five acres of oil palm for good returns, and said those with 10 acres or more should definitely take up the crop to avail subsidies. The government is supplying each plant at Rs 25 against the market price of Rs 200, she said. She also announced that an IT company will soon be established in Mulugu district, with IT Minister D Sridhar Babu set to inaugurate it on August 18. 'The state government is providing a permanent building for the IT company,' she added.
&w=3840&q=100)
Business Standard
6 hours ago
- Business Standard
Smallcap tractor stock up 10% on strong Q1, nears record high. Do you own?
The company said the favorable and well distributed rainfall has provided a strong momentum to agricultural operations. SI Reporter Mumbai VST Tillers Tractors share price today: Shares of VST Tillers Tractors, a pioneer in compact agricultural machinery in India, hit over six-month high of ₹5,293.65, as they rallied 10 per cent on the BSE in Tuesday's intra-day trade after reporting a strong earnings for the quarter ended June 2025 (Q1FY26) with a positive outlook. The stock price of this smallcap tractor company is quoting at its highest level since January 2025. It is trading close to its record high level of ₹5,410.05 touched on January 1, 2025. The stock has bounced back 84 per cent from its 52-week low of ₹2,875 touched on April 7, 2025. At 11:15 AM, VST Tillers was quoting 7 per cent higher at ₹5,143, as compared to 0.17 per cent decline in the BSE Sensex. VST Tillers Tractors Q1 results The company achieved its highest-ever turnover for Q1FY26 at ₹282.5 crore, against ₹190.6 crore in Q1FY25, on back of strong volume growth. The company's power tiller segment reported 92 per cent year-on-year (Y-o-Y) growth in volume at 11,701 units, as compared to 6,089 units in Q1FY25. Total sales volume grew 68 per cent Y-o-Y at 15,305 units. Operational earnings before interest, tax, depreciation, and amortisation (Ebitda) jumped 180 per cent Y-o-Y at ₹37.50 crore; margins expanded by 630 bps Y-o-Y at 13.3 per cent. Profit after tax rose 95 per cent Y-o-Y at ₹44.6 crore against ₹22.8 crore in a year ago quarter. The performance was driven by sustained land preparation activities, supported by robust cash flows in rural markets following the conclusion of Rabi crop harvesting. Additionally, the normal progression of monsoon across most regions further contributed to good demand during the onset of sowing for the Kharif season. VST Tillers Tractors outlook After a relatively subdued FY24, the Indian tractor industry witnessed a turnaround in FY25 driven by favourable weather conditions, positive terms of trade for farmers and various government initiatives. VST Tillers Tractors in Q1FY26 investor presentation said that overall outlook is positive. The favourable and well distributed rainfall has provided a strong momentum to agricultural operations. Q2 indications are good considering the July 2025 sales volume. The operational Ebitda is expected to remain in the range of 11-13 per cent, the company said. However, global geopolitical challenges continue, it added. Meanwhile, the Indian tractor industry is expected to benefit from the government's budgetary focus on rural development and allied agricultural activities. Factors such as improved crop price realisation, better replacement and construction demand and indication of above-normal monsoon are likely to drive growth in domestic tractor sales. Further, the demand for mechanisation continues as shortage of agricultural labour is expected to increase labour costs. Opportunities The company has opportunities arising from various factors. Government initiatives promoting farm mechanisation, along with the modernisation of farming practices, are driving the demand for technologically advanced equipment. The declining availability of agricultural labor is increasing the need for mechanisation, creating a favourable market environment. Additionally, there is a focus on small and marginal farmers, who represent a major market segment. The growing need for affordable and appropriately sized machinery to cater to specific farmer needs offers further opportunities for the company. About VST Tillers Tractors With a strong focus on research and development, VST Tillers Tractors offers a wide range of products including power tillers, compact tractors, engines, transmissions, power reapers, and precision components. VST Tractors are not only dominant in the Indian market but also exported to European, Asian, and African markets, meeting the latest EU standards. With a commitment to continuous innovation and growth—driven by strategic initiatives, new business prospects, global ventures, and brand initiatives, the VST team aspires to achieve 2X growth in its Tractor Business Segment.
Hans India
10 hours ago
- Hans India
Rs 3,200 cr crop insurance disbursed to farmers under PMFBY in Jhunjhunu
Jaipur: RajasthanChief Minister Bhajan Lal Sharma and Union Agriculture Minister Shivraj Singh Chouhan, on Monday, released Rs 3,200 crore as insurance claim amount to farmers under the Pradhan Mantri Fasal Bima Yojana (PMFBY) The amount was transferred directly to the bank accounts of more than 30 lakh farmers across several states, including Madhya Pradesh, Rajasthan, and Chhattisgarh, during a ceremony held at the Jhunjhunu airstrip. The event began with a special welcome for the dignitaries, where CM Sharma and Union Minister Chouhan were presented bouquets made from millets. By pressing a button, the Chief Minister and Union Agriculture Minister initiated the Direct Benefit Transfer (DBT) for the first installment of insurance claims for the Rabi 2024-25 and Kharif 2024 seasons. Symbolic cheques were also distributed to beneficiaries of various schemes. Union Minister Chouhan announced that crop insurance claims worth Rs 3,200 crore were being disbursed to farmers nationwide from Jhunjhunu, providing much-needed relief to PMFBY beneficiaries. Since the formation of the state government till July 2025, Rajasthan alone has paid crop insurance claims worth Rs 3,912.53 crore to 148 lakh eligible policyholder farmers. Addressing the gathering, CM Sharma said that more than Rs 1,200 crore had been distributed for farmers in the state. Calling them the 'soul, pride, and honor' of the nation, the Chief Minister accused the previous Congress government of neglecting the welfare of farmers in the state. He alleged that Congress used the slogan 'Garibi Hatao' only for votes and failed to fulfill promises such as bringing Yamuna water to the region. The Chief Minister said that under Prime Minister Narendra Modi's leadership, an agreement with Haryana for Yamuna water had been signed, with a Detailed Project Report (DPR) underway and a task force formed. 'In the coming time, the people of Shekhawati will definitely get Yamuna water,' he added. On this occasion, under the State-wise Crop Insurance Distribution, farmers in Madhya Pradesh received Rs 1,156 crore, Rajasthan Rs 1,121 crore, Chhattisgarh Rs 150 crore and other states had a share of Rs 773 crore. State Agriculture Minister Kirori Lal Meena has said that the state government had taken strict action against the sale of fake fertilisers and seeds, seizing large quantities and registering multiple FIRs.
