Govt committed to double farmers income by 2020: FM

Presenting the Budget 2020 in Lok Sabha, Finance Minister Nirmala Sitharaman said that the government is committed to the goal of doubling farmers' income by 2020.

New Delhi: Finance Minister Nirmala Sitharaman presented her second Budget in the Parliament on Saturday. The Modi government has tried to give something to every sector in this first complete budget of this financial year in its second term.

The government has pegged the agricultural credit target at Rs 15 lakh crore for fiscal 2020-21, Sitharaman said on Saturday. In her Budget presentation, the Finance Minister also said that NABARD refinance scheme would be expanded.

agriculture sector

Let's know what is special for the agriculture sector in this budget:

• States asked to adopt 3 central model laws on agri land leasing, contract farming: FM
• 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
  NABARD Refinancing Scheme to be further expanded, agri credit target for the year 2020-21 has been set at 15 lakh crore rupees: FM
• Financing on Negotiable Warehousing Receipts to be integrated with e- National Agricultural Market: FM
• FM Nirmala Sitharaman: Village Storage Scheme run by Self Help Groups, will provide holding capacity for farmers, women in villages can regain their status as 'Dhaanya Lakshmi': FM
• Govt proposes to expand coverage of artificial insemination to 70 pc from 30 pc to increase livestock productivity: FM
• FM Nirmala Sitharaman: For sector comprising agriculture, allied activities, irrigation and rural development, an allocation of Rs 2.83 lakh crores has been made for 2020-21
• Horticulture with 311 MT exceeds the production of food grains: FM.
• Govt proposes plans to help farmers use proper manure and little water, encourage balanced use of fertilizers: FM.
• Balanced use of fertiliser will bring about change in the prevailing regime of providing incentive for use of chemical fertiliser, says FM.
• FM Nirmala Sitharaman: To build a seamless national cold supply chain for perishables, Indian Railways will set up Kisan Rail through the PPP model so that perishable goods can be transported quickly. Krishi Udaan will be launched by MoCA on international and national routes.
• States asked to adopt 3 central model laws on agri land leasing, marketing and contract farming: FM.
• Krishi Udan will be launched by the Ministry of Civil Aviation: FM
• Pump sets to be linked to solar panels. Solar pumps for 20 lakhs farmers. Another 15 lakhs will be helped with solar energy. This is a major step in making farmers having barren lands to set up solar power panels and they can sell it to the grid and make living out of it: FM Sitharaman
• Our government is proposing comprehensive measures for 100 water-stressed districts in the country.
• Encourage balance use of all fertilizers: FM
• Farm markets need to be liberalized, farming need to be made more competitive, hand-holding of farm-based activities need to be provided, sustainable cropping patterns and more tech needed: FM
• Govt says the aim is to achieve seamless delivery of services through digital governance: FM.
• Encourage states to follow model agriculture acts: FM
• 6.11 Cr farmer insured under PM Fasal Bima Yojana
• Committed to the goal of doubling farmer income by 2020: FM
• Will encourage state governments who implement following model laws