Union Budget 2018-19: High points for agriculture sector

Export of agri commodities will be liberalised
February 1, 2018
किसानों और गांवों के लिए जेटली ने बजट में क्या दिया
February 1, 2018
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Union Budget 2018-19: High points for agriculture sector

AgriNation News Network

New Delhi. 1 Feb 2018

Emphasis to double income for farmers, increase production from same land parcels.

Minimum support price (MSP) for all upcoming Kharif crops to be 1.5 times the cost of production.

If market prices are lower than MSP, government would procure farm produce or ensure farmers get right prices.

Agricultural market and infra fund to be set up with corpus of Rs 2,000 will be created for to help 22,000 gramin agricultural markets and 585 APMCs.

Cluster development model for farm sector, agricultural commodities to be on futures market, push for organic farming.

Allocation for Food Processing Ministry doubled.

Operation Green to produce farmer producer organisation, logistics, warehousing etc with allocation of Rs 500 crore.

Export of agri commodity liberalised to meet India’s agricultural exports potential of $100 billion.

Kisan credit cards to fisheries and animal husbandry farmers, restructured national bamboo mission with corpus of Rs 1,290 crore.

Govt to encourage states to ensure surface solar power produced by farmers is purchased by utilities firms.

Rs 10,000 crore allocated to set up two funds for promotion of fisheries and animal husbandry.

Favourable taxation treatment for farmer producers organisations.

Credit to farmers raised to Rs 11 lakh crore for upcoming fiscal.

Special scheme to manage crop residue.

Loans to self help group for women to increase to Rs 75,000 crore.

Allocation to National Livelihood Mission of Rs 5,750 crore.

Rs 14.34 lakh crore from extra and non-budgetary resources for housing and infrastructure in rural areas.