Agriculture Budget Highlights


 MSP of the crops will be 50 %higher than the cost of production.

 Farm credit increased by 10% from 10 lakhs crore to 11 lakhs crore/Rs11 trillion.

 Government will set up fisheries and aqua culture infra fund and animal husbandry infra fund with an outlay of Rs 10,000 crore.

 The government has also doubled the allocation into the food processing sector that is currently growing at the rate of 8% annually. Allocation of food processing ministry has been increased from 715 crore to Rs 1,400 crore.

 Government will also make efforts to link villages and rural roads to agriculture markets, secondary schools and hospitals under the Pradhan Mantri Gram SadakYojna (PMGSY).

 The corpus of funds available to women in self-help groups was Rs42, 000 crore in 2016-17, would be increased to Rs75, 000 crore by March 2019.

 Government also announced an increase in funds allocated for the National Rural Livelihood Missionunder the rural development ministry to Rs5, 750 crore in 2018-19, from Rs 4,500 crore in 2017-18.

 Rs 2,600 crore to ensure irrigation facilities in 96 irrigation deprived districts, where irrigation is less than 30%.

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

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

 The current budget will have a higher allocation for the stream, probably in the range of 15%, if we compare the same with last two years.

 MSME: Reduction of corporate tax rates and increased credit support to boost employment and profitability in the sector could be proved to vanish disguise employment from the farms. EncouragingFPOs through 100% tax deduction, promoting cluster based organic farming by SHG.

 Free cooking gas to be distributed to rural women through “Ujjawala Yojana”
 The government has agreed to contribute 12% of the wages of the new employees to the EPF (Employees’ Provident Fund) for all the sectors.

 Sum of 200 crore has been allocated to support organized cultivation of highly specialized medicinal and aromatic plants.
 Allocation of 1,290 crore for restructured National Bamboo Mission. Budget and other schemes with detailed analysis.

 22,000rural Haats to be developed and upgraded into Gramin Agricultural Markets (GrAM).

 To strengthening and upgrading the agriculture marketing networks, the government has proposed to set up an Agri-Market Infrastructure Fund with a corpus of Rs. 2000 crore to develop and upgrade existing 22,000 rural haats into Gramin Agricultural Markets (GrAMs) and 585 APMCs using MGNREGA and other Government Schemes.

 Allocation of Rs 4200 crores for capacity addition in wind power, solar power and green energy corridor.

 Loans to Women Self Help Groups will increase from Rs 42,500 Cr last year and Rs. 75,000 crore in 2019.

 Rs. 14.34 Lakh creation of livelihood and infrastructure in rural areas.

 The Union Minister for Finance and Corporate Affairs Shri Arun Jaitley before presenting the General Budget 2018-19, in New Delhi on February 01, 2018 Markets to protect the interests of 86 per cent small and marginal farmers.

 Irrigation Sector: Availability of water plays an important role in raising production and enhancing productivity of agriculture.

 In India, only 68 Mha area (48 per cent of Net Sown Area) is currently under irrigation.
 Operation Greens (TOP): Tomato, Onion, and Potato are being consumed throughout the Year.
 In the past 70 years, both farmers and consumers have suffered losses.

 For this purpose, the provision of Rs. 500 crores has been made.
 It is price fixationscheme.
 It aims to enhance the production of tomato, onion and potatoes.
 The idea behind Operation Greens is to double the income of farmers by the end of 2022.
 Operation Greens aims to promote farmer producers organisations, agri-logistics, processing facilities and professional management.

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