Bengaluru, KARNATAKA :

Mysuru:

A one-day workshop on ‘Agricultural Finance Management’ organised by Prasar Bharati – India’s Public Service Broadcaster, All India Radio (AIR), Mysuru, on the eve of Radio Kisan Divas, began at Central Institute of Indian Languages (CIIL) auditorium, Manasagangotri, this morning.

Speaking after inaugurating the workshop, M.A. Ahmed, Station Director, AIR, Bengaluru, said that AIR Mysuru ‘Kisan Vani’ programme has been a hit among the farming community.

Giving a brief on the objective of observance of Radio Kisan Diwas, Ahmed said that the programme has enabled the farmers to get clarifications for their doubts and problems. He called upon the farming community to maintain a balance between expenses and income and to utilise available resources in a most judicious manner.

Karnataka Agriculture Price Commission Chairman Dr. T.N. Prakash Kammaradi, who delivered the keynote address, explained the meaning, scope and significance of agricultural finance. Pointing out that Agricultural finance deals with the financial aspects of farm business, including macro and micro financial aspects of an agricultural economy, he observed that such workshops, seminars, etc., will help the farming community to improve productivity, increase profitability and fulfil their long term goals.

Since Indian Agriculture is capital intensive, the farmers’ dependence on lending Institutions, such as banks, has considerably risen, Kammaradi said and called upon the lending institutions to come together with society in setting an overall framework in which the individual farmer can appropriately manage his finances.

Noting that natural disasters and other calamities have put the farmers at great risk with crop loss and un-remunerative prices, he expressed displeasure over media’s hyped reporting whenever prices of agricultural and horticultural commodities shoot up and at the same time remaining silent when prices of agricultural produces crash, resulting in great loss to farmers.

He called upon banks and other financial institutions to chalk out the best cash flow analysis that helps the farmers in determining period wise quantum of loans needed and a proper repayment channel that benefits the farming community.

Stating that agricultural production in the country stands at 250 million tonne per year, he called upon the farming community to judiciously use farm savings and not to spend on unproductive assets.

source: http://www.starofmysore.com / Star of Mysore / Home> General News / February 15th, 2016