HIGHLIGHTS  OF  BUDGET  2018-19  PART-I

HIGHLIGHTS  OF  BUDGET  2018-19  PART-I

  Agriculture and Rural Economy

1 . Government has decided to keep MSP for all unannounced kharif crops atleast one and half times of their production cost after declaring the same for the majority of rabi cops.

2 . The volume of institutional credit for agriculture sector from year-to-year increased from Rs.8.5 lakh crore in 2014-15 to Rs.10 lakh crore in 2017-18 and is proposed to raise this to Rs.11 lakh crore for the year 2018-19.

3 . Announcement of setting up a Fisheries and Aqua culture Infrastructure Development Fund (FAIDF) for fisheries sector and an Animal Husbandry Infrastructure Development Fund (AHIDF) for financing infrastructure requirement of animal husbandry sector with a total corpus of  Rs.10,000 crore for the two new funds.

4 . On the lines of ‘‘Operation Flood’’ a new Scheme ‘‘Operation Greens’’ was announced with an outlay of Rs 500 Crore to address the challenge of price volatility of perishable commodities like tomato, onion and potato with the satisfaction of both the farmers and consumers.

5 . Announcement to develop and upgrade existing 22,000 rural haats into Gramin Agricultural Markets (GrAMs) to take care of the interests of more  than 86% small and marginal farmers. These GrAMs, electronically linked to e-NAM and exempted from regulations of APMCs, will provide farmers facility to make direct sale to consumers and bulk purchasers.

6 . Moreover, an Agri-Market Infrastructure Fund with a corpus of Rs.2000 crore will be setup for developing and upgrading agricultural marketing infrastructure in the 22000 Grameen Agricultural Markets (GrAMs) and 585APMCs.

7 .  Rs 200 crore  for organized cultivation of  highly specialized medicinal and aromatic plants and said that the organic farming by Farmer Producer Organizations (FPOs) and Village Producers’ Organizations (VPOs) in large clusters, preferably of 1000 hectares each will be encouraged.

8 . Similarly, allocation of Ministry of Food Processing has been doubled from Rs.715 crore in 2017-18 to Rs.1400 crore in 2018-19.

9 . Re-structured National Bamboo Mission with an outlay of Rs.1290 crore to promote bamboo sector in a holistic manner.

10 . Under  Prime Minister Krishi Sinchai Yojna-Har Khet ko Pani, 96 deprived irrigation districts will be taken up with an allocation of Rs 2600 crore.

11 . The Centre will work with the state governments to facilitate farmers for installing solar water pumps to irrigate their fields.

12 . Extend the facility of Kisan Credit Cards to fisheries and animal husbandry farmers to help them meet their working capital needs.

13 . Set up state-of-the-art testing facilities in all the forty two Mega Food Parks.

14 . A special Scheme to support the efforts of the governments of Haryana, Punjab, Uttar Pradesh and the NCT of Delhi to address air pollution  in the Delhi-NCR region by  subsidizing machinery required for in-situ management of crop residue.