New Delhi | Jagran Business Desk: Finance Minister Nirmala Sitharaman pm Friday addressed the media to announce the third tranche of the Rs 20 lakh crore economic package to revive the economy hit by nation-wide lockdown due to the coronavirus pandemic.   

In her address, the Finance Minister said that her announcements will focus on agriculture and allied activities. "I will be announcing 11 measures today, of which 8 of them relate to strengthening infrastructure, capacities and building better logistics, while the rest 3 will pertain to governance and administrative reforms," the Finance Minister said.

Also Read | Economic Package Tranche 3: Rs 1 lakh crore for agriculture infra, reforms in law to increase farmers' income announced

Here are the key highlights from Nirmala Sitharaman's address:

* The government has made purchases worth more than Rs 74,300 crore through MSP during the lockdown

* On additional steps for agriculture during COVID-19, Sitharaman said that during lockdown period Minimum Support Price purchases of amount more than Rs 74,300 crores and PM Kisan fund transfer of Rs 18700 crore 

* A new scheme will provide interest subvention of 2 per cent per annum to dairy corperatives for 2020-21

* Financing facility of Rs 1,00,000 crore will be provided for funding agricultural infrastructure projects at farm-gates

To help Fisheries sector, operations of Marine Capture Fisheries and Aquaculture has been relaxed to cover Inland Fisheries

Also Read | Economic Package Tranche 2: MNREGA support, free foodgrains for migrants, Rs 30,000 crore additional credit support for farmers

Funds transfer worth Rs 18,700 crores has been done under PM KISAN in past 2 months and PM Fasal Bima Yojana claims worth Rs 6,400 crores released in past 2 months 

Aiming to implement PM's vision of ‘Vocal for Local with Global outreach’, a scheme will be launched to help 2 lakh Micro Food Enterprises; Improved health and safety standards, integration with retail markets and improved incomes to be key focus areas

All COVID-19 related deadline extensions relating to fisheries activities, many of them involving overseas contracts, have been honoured. Very many measures which will help marine and coastal farmers have been undertaken as promised

Government to launch Pradhan Mantri Matsya Sampada Yojana for integrated, sustainable, inclusive development of marine and inland fisheries to plug critical gaps in fisheries value chain; move will provide employment to over 55 lakh persons & double exports to Rs 1 lakh crore

National Animal Disease Control Programme for Foot and Mouth Disease and Brucellosis launched with a total outlay of Rs 13,343 crore

* An Animal Husbandary Infrastructure fund of Rs 15,000 crore will be set up

Rs 4,000 crore allocated for promotion of herbal cultivation; 10,00,000 hectare will be covered in the next 2 years

* Government to implement a Rs 500 crore scheme of infrastructure development related to integrated beekeeping development centres, collection, marketing and storage centres, post-harvest and value addition facilities; this will lead to an increase in income of 2 lakh bee-keepers

Also Read | Economic Package: Deadline for ITR extended till Nov 30, TDS/TCS rates cut by 25%, 6-point strategy for MSMEs

Operation Greens to be extended from Tomatoes, Onions and Potatoes (TOP) to all fruits and vegetables (TOTAL)

Government to amend the Essential Commodities Act to enable better price realisation for farmers; agriculture products including cereals, edible oils, oilseeds, pulses, onions, and potatoes to be de-regulated

A central law will be formulated to provide adequate choices to the farmers to sell produce at an attractive price, barrier-free interstate trade and framework for e-trading of agricultural produce

A facilitative legal framework will be created to enable farmers for engaging with processors, aggregators, large retailers,exporters in a fair and transparent manner

Posted By: Aalok Sensharma