New Delhi | Jagran Business Desk: The central government has allocated 15 lakh crore among farmers as credit for the fiscal year 2020-21, Finance Minister Nirmala Sitharaman informed parliament on Saturday. "Agriculture credit target for the year 2020-21 has been set at Rs 15 lakh crore," she said.
FM Sitharaman also presented a 16-point plan to revive the farm and agriculture sector.
Also Read: Union Budget 2020 | Nirmala Sitharaman delivers longest ever budget speech
Sitharaman in her budget speech added that Krishi Udan will be launched by the Ministry of Civil Aviation on national and international routes aiming to improve value realisation in North East and tribal districts.
"Krishi UDAN will be launched by the Ministry of Civil Aviation on international and national routes aiming to improve value realisation in North East and tribal districts," she said while presenting the Union budget.
Sitharaman added that the Indian Railways will set up Kisan Rail through Public Private Partnership (3P) model so that perishable goods can be transported quickly.
"To build a seamless national cold supply chain for perishables, Indian Railways will set up Kisan Rail through PPP model so that perishable goods can be transported quickly," she said.
The Finance Minister said high focus is given at the district level for horticulture to gain momentum.
"For better marketing and export, supporting states will focus on one product for one district, so that high focus is given at district level for horticulture to gain momentum," she said.
In the budget speech, the finance minister also announced the doubling of milk production of 53.5 million metric tonnes of milk to 103 metric million tonnes by 2025.
"Our government will involve youths in the fishery sector. We hope the rural youth will work as Sagar Mitras and also form Fish Farmer Organisation," Sitharaman added.
(with PTI inputs)
Posted By: James Kuanal