Economy, asked by ananditv, 1 year ago

What is theUnion Buget on agriculture

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Answered by amritanshu6
0
The budget looks to accomplish a paradigm shift as far as farmer incomes are concerned. The income of farmers will be doubled by 2020, as agriculture will be projected as an enterprise.

The Minimum Support Price (MSP) for Kharif crops will be 1.5 times the cost of production of the same. If the crops are priced lower than the Minimum Support Price, then the government will ensure that the farmers do not suffer a loss. They will be provided the necessary MSP or an appropriate price.

The government will set up regulations to make sure that 470 Agricultural Produce Market Committees are created and connected to the electronic platform of the National Agricultural Market (eNAM).

The government is also looking at working with NITI Aayog to set up an optimal farm price realisation system. Additionally, 22,000 new gramin agri centres (GRAMS) will be set up to assist farmers in selling their produce directly.

Rs.2,000 crore will be set aside for the realisation of an agricultural market fund.

The government has also doubled the allocation into the food processing sector that is currently growing at the rate of 8% annually. This year, the allocation will be Rs.1,400 crore.

Rs.500 crore has been set aside for Operation Green.

The Finance Minister also revealed that state-of-the-art facilities will be established in 42 food parks for agricultural exports.

The Finance Minister proposed to enable farmers in the fisheries and animal husbandry segments to benefit from Kisan credit cards. Rs.10,000 crore will be allocated for the same. This could result in better animal rearing practices in India and lead to the improvement in the quality of meat available commercially.

The government is looking to take measures to fight pollution due to crop burning and usage of firewood for cooking.

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