Union Budget 2020: Sitharaman unveils 16-point action plan to revive agricultural sector | All you need to know
New Delhi | Jagran Business Desk: In order to boost the agricultural sector, the government on Saturday presented a 16-point action plan in the Union Budget 2020. Finance Minister Nirmala Sitharaman, who tabled the Union Budget 2020 in the Parliament, said that the government is committed to double the farmers’ income by 2022, adding that budget 2020 aims to boost the income of people and enhance their purchasing power.
The Finance Minister further said that the Budget 2020-21 is focused around three themes, namely Aspirational India, Economic development for all and caring society.
She further said that 16-point action plan will boost agriculture sector.
Here’s all you need to know about the government’s 16-point action plan to boost the agricultural sector:
1. Sitharaman, while presenting the budget, said that the Krishi Udan scheme to boost agricultural exports in both international as well as domestic routes.
2. The government also announced that it will liberalise the farm market.
3. The government will also promote balanced use of fertilizers in the farm lands.
4. In a bid to liberalise agricultural markets, the government also plans handhold farmers.
5. The government also increased the target for Agricultural credit to Rs 15 lakh crore from Rs 12 lakh crore.
6. Agriculture and irrigation has been allotted Rs 2.83 lakh crore for FY21.
7. The government has also allotted Rs 1.23 lak crore to the Rural Development and Panchayati Raj.
8. Expansion of NABARD Refinancing Scheme while MGNREGS to be used to develop fodder farm.
9. Fish production to be raised to 200 lakh tonnes by 2022-23
10. The government will also try to double milk processing capacity to 108 MT by 2025.
11. It also proposed measures to improve situation in 100 water-stressed districts.
12. It will also set up 20 lakh to benefit farmers.
13. The government will also set up Kisan Rail in PPP mode for perishable goods.
14. One product for one district, so that focus is given at district level for horticulture to gain momentum.
15. The government will also focus on Zero Budget farming.
16. The government will also integrate e-NAM with financing of negotiable warehousing receipts.
Posted By: Aalok Sensharma