Prime Minister Shri Narendra Modi addressed a webinar on the effective implementation of budget provisions in the Agriculture Sector.
The key announcements in the Union Budget related to Agriculture Sector are as follows and we seek ideas and suggestions from the public and other stakeholders on the same:
•Agriculture Infrastructure Fund would be made available to APMCs for augmenting their infrastructure facilities.
•Keeping in view the transparency and competitiveness that e-NAM has brought into the agricultural market, 1,000 more mandis will be integrated with e-NAM.
•Enhancement of Agri-Credit target to ₹ 16.5 lakh cr. in FY’2022 with focus on increased credit flows to animal husbandry, dairy and fisheries.
•Micro Irrigation Fund, with a corpus of ₹5,000 cr. created under NABARD, is proposed to be doubled by augmenting it by another ₹5,000 cr.
•Warehousing assets of CPSEs such as Central Warehousing Corporation and NAFED will be rolled out under the Asset Monetization Programme.
•Development of Multi-State Cooperatives & all support by Government to them. To further streamline the ‘Ease of Doing Business’ for Cooperatives, setting up a separate Administrative Structure for them.
•PLI schemes with an outlay of Rs. 10,900 Cr. to create manufacturing global champions for the Food Processing sector to become an integral part of global supply chains, possess core competence & cutting-edge technology, promote the value and enhance exports.
•To boost value addition in agriculture and allied products and their exports, the scope of ‘Operation Green Scheme’ that is presently applicable to tomatoes, onions, and potatoes, will be enlarged to include 22 perishable products.
•5 major fishing harbours – Kochi, Chennai, Visakhapatnam, Paradip & Petuaghat as hubs of economic activity. Inland fishing harbours & fish-landing centres along banks of rivers, waterways.
•To boost Seaweed Cultivation & Value chain resulting in increased incomes for Coastal Communities especially women to establish multipurpose Seaweed Park in Tamil Nadu.
Click here for a detailed PPT on Budget Initiatives for the Agriculture Sector.
Last date of submission: 31st March 2021
