Jagstamp

Empowering Horticulture: "A Farmer's Journey to Sustainable Prosperity" In the quaint village of Ramnagar, nestled in the foothills of the Himalayas, Devendra struggled to make ends meet as a small-scale farmer. He toiled in his two-acre land, growing seasonal vegetables, but erratic weather and market prices left him with barely enough to feed his family. His dream was to transform his barren orchard into a thriving fruit farm, but the lack of resources and knowledge kept him bound to his plight. One day, during a village meeting, Devendra heard about the Mission for Integrated Development of Horticulture (MIDH). The scheme promised financial assistance and training to farmers aiming to boost horticulture production. Skeptical but hopeful, Devendra visited the local State Horticulture Mission office, where he was welcomed warmly. He learned how the scheme supports farmers like him by providing high-quality planting materials, subsidies for protected cultivation, and assistance for post-harvest management. Encouraged, Devendra applied for the scheme. Within weeks, he received financial aid to purchase saplings of high-yielding apple and pear varieties suited to his region. Experts trained him on modern irrigation methods and organic farming techniques. The scheme also helped him set up a protected cultivation unit, ensuring his plants were shielded from unpredictable weather. Three years later, Devendra’s orchard is a lush expanse of green, dotted with fruits that command premium prices in the market. Through post-harvest support, he has established direct links with wholesale buyers, reducing dependency on middlemen. Today, his income has quadrupled, and he employs several villagers, boosting the local economy. Looking back, Devendra reflects, “MIDH didn’t just provide me resources; it gave me hope and the tools to rebuild my life. Now, I can afford quality education for my children and contribute to my community's growth.” Mind Map - https://lnkd.in/gn2tTPp4

A Secure Future: How NPS Transformed Aman’s Retirement Planning Aman Gupta had spent years juggling his responsibilities. Between raising two children, caring for aging parents, and building a small trading business, retirement planning always took a backseat. He thought his provident fund and some savings would suffice, but as he neared 40, a casual chat with a friend opened his eyes to a startling reality—he wasn’t prepared for the rising costs of post-retirement life. That’s when Aman learned about the National Pension System (NPS). Intrigued but skeptical, he visited a nearby bank to get details. The scheme, designed by the Pension Fund Regulatory and Development Authority (PFRDA), offered voluntary participation with flexible contributions, market-linked returns, and tax benefits under multiple sections of the Income Tax Act. It sounded perfect, but Aman hesitated—was it too good to be true? After discussing with his wife and financial advisor, Aman decided to open a Tier I account. He started small, contributing ₹5,000 quarterly. Over time, he explored the scheme’s Active Choice option, selecting equity-heavy funds to balance his investment goals. He also opened a Tier II account for liquidity, using it as a backup during emergencies. The years passed, and Aman watched his retirement corpus grow steadily. The transparent regulations and online monitoring reassured him that his investments were safe. By the time he hit 60, his corpus had not only exceeded expectations but provided him with regular monthly income through annuities. Aman often reflects on how close he came to neglecting his future. “The NPS didn’t just give me financial security; it gave me peace of mind. My retirement isn’t just about surviving—now, I can live the life I always dreamed of,” he says with a smile. Learn more: https://t.co/yvmBF6eXu4

𝗦𝗕𝗜 𝗣𝘂𝘀𝗵𝗲𝘀 𝗥𝗕𝗜 𝘁𝗼 𝗜𝗻𝗰𝗹𝘂𝗱𝗲 𝗡𝗼𝗻-𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗧𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻𝘀 𝘁𝗼 𝗞𝗲𝗲𝗽 𝗔𝗰𝗰𝗼𝘂𝗻𝘁𝘀 𝗔𝗰𝘁𝗶𝘃𝗲 State Bank of India (SBI) has urged the Reserve Bank to revise rules so non-financial activities like balance checks qualify for keeping accounts "operative." SBI Chairman C S Setty emphasized that many government-subsidized accounts see limited financial activity, resulting in dormancy. The bank is addressing frozen accounts through outreach, leveraging its branch network. SBI is also tackling product misselling concerns and allocating ₹630 crore annually to CSR initiatives for rural and differently-abled communities. #finance #news #SBI #BankingReforms #CSR Source:- https://lnkd.in/gUcWiJPs

𝗠𝗮𝗿𝗸𝗲𝘁𝘀 𝗟𝗼𝗴 𝗙𝗼𝘂𝗿𝘁𝗵 𝗦𝘁𝗿𝗮𝗶𝗴𝗵𝘁 𝗚𝗮𝗶𝗻; 𝗦𝗺𝗮𝗹𝗹𝗰𝗮𝗽 𝗜𝗻𝗱𝗲𝘅 𝗛𝗶𝘁𝘀 𝗡𝗶𝗻𝗲-𝗗𝗮𝘆 𝗪𝗶𝗻𝗻𝗶𝗻𝗴 𝗦𝘁𝗿𝗲𝗮𝗸 Benchmark indices rose for the fourth consecutive session, with the Sensex adding 110 points to close at 80,956.33 and Nifty 50 ending at 24,467.45. The smallcap index surged 8.58% over nine sessions, its longest rally since June. PSU banks led gains, with the Nifty PSU Bank index up 2.25%, driven by hopes of an RBI rate cut. Realty and private banking stocks also performed strongly. #finance #news #StockMarket #Sensex #PSUBanks Source:- https://lnkd.in/grFBvRBe

𝗦𝘁𝗮𝗻𝗱𝗮𝗿𝗱 𝗖𝗵𝗮𝗿𝘁𝗲𝗿𝗲𝗱 𝗧𝗮𝗿𝗴𝗲𝘁𝘀 $𝟮𝟬𝟬 𝗕𝗶𝗹𝗹𝗶𝗼𝗻 𝗶𝗻 𝗡𝗲𝘄 𝗪𝗲𝗮𝗹𝘁𝗵 𝗔𝘀𝘀𝗲𝘁𝘀, 𝗘𝘆𝗲𝘀 𝗖𝗵𝗶𝗻𝗲𝘀𝗲 & 𝗜𝗻𝗱𝗶𝗮𝗻 𝗔𝗳𝗳𝗹𝘂𝗲𝗻𝘁 𝗖𝗹𝗶𝗲𝗻𝘁𝘀 Standard Chartered plans to grow its wealth business by $200 billion and achieve double-digit income growth over the next five years. The bank is focusing on wealthy Chinese and Indian clients with offshore assets and cross-border needs, expanding its relationship manager teams by 50%, and investing heavily in technology. This strategic shift aligns with global trends, as StanChart trims retail banking to boost its affluent customer base. #finance #news #StandardChartered #WealthManagement #GlobalInvestments Source:- https://lnkd.in/gmME-TNt

𝗦𝗕𝗜 𝗦𝗲𝗲𝗸𝘀 𝗥𝗕𝗜 𝗡𝗼𝗱 𝘁𝗼 𝗜𝗻𝗰𝗹𝘂𝗱𝗲 𝗡𝗼𝗻-𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗧𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻𝘀 𝗳𝗼𝗿 𝗔𝗰𝘁𝗶𝘃𝗲 𝗔𝗰𝗰𝗼𝘂𝗻𝘁 𝗧𝗮𝗴𝗴𝗶𝗻𝗴 State Bank of India (SBI) has urged the Reserve Bank of India (RBI) to consider non-financial activities like balance checks as valid criteria for keeping accounts active. With current norms emphasizing financial transactions, SBI aims to prevent accounts from being unfairly tagged as "inoperative." The bank is also tackling dormant accounts through outreach, leveraging its branch network and CSR efforts, while addressing concerns over product misselling in its services. #finance #news #SBI #RBI #BankingReforms Source:- https://lnkd.in/gNpHWR3D

𝗥𝗕𝗜 𝗥𝗮𝗶𝘀𝗲𝘀 𝗨𝗣𝗜 𝗟𝗶𝘁𝗲 𝗪𝗮𝗹𝗹𝗲𝘁 𝗟𝗶𝗺𝗶𝘁 𝘁𝗼 𝗕𝗼𝗼𝘀𝘁 𝗢𝗳𝗳𝗹𝗶𝗻𝗲 𝗣𝗮𝘆𝗺𝗲𝗻𝘁𝘀 The RBI has increased the UPI Lite wallet limit to ₹5,000, with a per-transaction cap of ₹1,000. UPI Lite facilitates small offline payments without requiring Additional Factor Authentication (AFA) or real-time alerts, enhancing convenience. Previously, the limits were ₹500 per transaction and ₹2,000 in total. This move aims to promote wider adoption of digital payments, particularly in areas with limited internet connectivity. #finance #UPI #DigitalPayments #RBINews #India Source:- https://lnkd.in/gt63Q3bf

𝗦𝗲𝗻𝘀𝗲𝘅 𝗛𝗶𝘁𝘀 𝟴𝟭,𝟬𝟬𝟬 𝗕𝗲𝗳𝗼𝗿𝗲 𝗦𝗹𝗶𝗱𝗶𝗻𝗴; 𝗡𝗶𝗳𝘁𝘆 𝗡𝗲𝗮𝗿𝘀 𝟮𝟰,𝟲𝟬𝟬 𝗔𝗺𝗶𝗱 𝗕𝗿𝗼𝗮𝗱-𝗕𝗮𝘀𝗲𝗱 𝗥𝗮𝗹𝗹𝘆 The Sensex crossed 81,000 in early trade, gaining 0.5% to hit 81,245.39, but later slipped 0.75% to 80,630.53. Nifty 50 also breached 24,500 before settling at 24,366.30. Market momentum, reduced FII selling, and defense sector gains drove the rally. Analysts cite positive global cues and optimism around RBI’s monetary policy for the uptrend. Broader indices saw strong participation, with Midcap and Smallcap indices gaining over 2.7% this week. #finance #stockmarket #Sensex #Nifty #MarketRally Source:- https://lnkd.in/gQDGbb_J

𝗥𝗕𝗜 𝗥𝗮𝗶𝘀𝗲𝘀 𝗨𝗣𝗜 𝗟𝗶𝘁𝗲 𝗪𝗮𝗹𝗹𝗲𝘁 𝗟𝗶𝗺𝗶𝘁 𝘁𝗼 𝗥𝘀 𝟱,𝟬𝟬𝟬: 𝗪𝗵𝗮𝘁 𝗜𝘁 𝗠𝗲𝗮𝗻𝘀 𝗳𝗼𝗿 𝗗𝗶𝗴𝗶𝘁𝗮𝗹 𝗣𝗮𝘆𝗺𝗲𝗻𝘁𝘀.