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.
