Economic Package Part 3: Govt to amend the Essential Commodities Act to enable better price realisation for farmers | Highlights
New Delhi | Jagran Business Desk: Finance Minister Nirmala Sitharaman on Friday announced the third tranche of Rs 20 lakh crore economic stimulus package announced by PM Modi for the economy hit by nation-wide lockdown due to the coronavirus pandemic.
The today's presser by the finance minister focused on agriculture, fisheries, animal husbandry and allied activities which have been severely hit by nationwide lockdown since March 25.
On Thursday, she had announced the launch of ‘one nation one ration card’ scheme and said the Centre will also provide free food grains to those migrants who have no ration cards for the next two months as part of the second tranche of her economic package.
Here are the Highlights from Nirmala Sitharaman’s third address on Rs 20 lakh crore economic package:
5:00 pm: A facilitative legal framework will be created to enable farmers for engaging with processors, aggregators, large retailers,exporters in a fair and transparent manner: FM
4:55 pm: 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: FM
4:50 pm: 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: FM
4:47 pm: Operation Greens to be extended from Tomatoes, Onions and Potatoes (TOP) to all fruits and vegetables (TOTAL): Finance Minister Nirmala Sitharaman
4:45 pm: Govt to implement a Rs 500 crore scheme of infrastructure development related to integrated beekeeping development centres, collection,marketing & storage centres, post-harvest and value addition facilities; this will lead to an increase in income of 2 lakh bee-keepers: FM
4:41 pm: To promote Herbal Cultivation in India Government commits Rs 4000 crore; move aims to cover 10 lakh hectare under herbal cultivation in 2 years; corridor of medicinal plants to come up across banks of Ganga
4:38 pm: Government announces an Animal Husbandry Infrastructure Development Fund worth Rs. 15,000 crore to support private investment in Dairy Processing, value addition and cattle feed infrastructure
4:35 pm: National Animal Disease Control Programme for Foot and Mouth Disease and Brucellosis launched with a total outlay of Rs 13,343 cr: FM Nirmala Sitharaman
4:32 pm: 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
4:30 pm: All COVID19 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. - FM Nirmala Sitharaman
4:29 pm: Government introduces a Rs 10,000 crores scheme for the formalisation of Micro Food Enterprises (MFE); the scheme promotes PM's vision of 'Vocal for Local with global outreach': FM Nirmala Sitharaman
4:27 pm: In a move to strenghten infrastructure in agriculture, financing facility of Rs. 1 lakh crore will be provided for funding Agriculture Infrastructure Projects at farm-gate & aggregation points
4:25 pm: To help Fisheries sector, operations of Marine Capture Fisheries and Aquaculture has been relaxed to cover Inland Fisheries
4:23 pm: 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
4:19 pm: During COVID lockdown period, the demand for milk reduced by 20-25%. A new scheme to provide interest subvention at 2% per annum to dairy cooperatives for 2020-21. The scheme will unlock Rs 5000 cr additional liquidity, benefit to 2 cr farmers: FM Sitharaman
4:16 pm: During lockdown period Minimum Support Price purchases of amount more than Rs 74,300 crores; PM Kisan fund transfer of Rs 18700 cr: FM Nirmala Sitharaman on additional steps for agriculture during COVID19
4:13 pm: 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
4:10 pm: I am going to announce 11 measures today, 8 of which will be on the strengthening of infrastructure and logistics. The remaining 3 measures are governance and administrative reforms: FM
4:05 pm: Today's announcements will focus on agriculture and allied activities: Finance Minister Nirmala Sitharaman
4:00 pm: The finance minister will announce a third set of relief measures to address the concerns of those affected by the coronavirus crisis shortly.
3:58 pm: Watch LIVE here:
3:50 pm In today’s presser she is expected to focus on agriculture, fisheries, and hospitality sector.
3:45 pm: Finance Minister Nirmala Sitharaman will address the media at 4 pm to detail about the Rs 20 lakh crore economic package.
Posted By: Talib Khan