Budget 2020 Updates on Agriculture Sector

February 01, 2020
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Here are the Budget 2020 Updates:


>FM: We are committed to the goal of doubling farmers' income by 2020
>We want to encourage state governments to implement model agricultural laws passed by central government: FM
>We shall help 15 lakh farmers solarize their grid-connected pump sets: FM
>FM Sitharaman speaks about the government's efforts to promote the use of solar energy in the farming sector
Govt laying down 16 actionable points to enhance farmer income
• `1.23 lakh cr to be allocated for rural development, Panchayati Raj: FM
• Rs 2.83 lakh crore to be allocated for Agri, irrigation, Agri companies
• Govt to expand fish production capacity to 200 lakh tonnes +ve for Avanti Feeds, Waterbase
• Will expand Fish Production capacity to 200 lakh tonnes: FM
• Milk processing capacity to be expanded to 108 T from 53.5 T
• Agriculture credit target is at `15 lakh cr vs `12 lakh cr (YoY): FM
• Indian Railways to set up a Kisan Rail for the transport of perishable goods +ve for CONCOR, Navkar Corp
• All beneficiaries of PM Kisan scheme to be covered under the Kisan Credit Card
• NABARD re-finance scheme to be expanded to push agricultural credit
• Govt to strengthen national online organic products market: Nirmala Sitharaman
• Govt to launch village storage schemes run by women self-help groups +ve for storage warehouse cos.
• Horticulture sector exceeds the production of food grain: FM
• Indian Railways to set up Kisan Rail for the transport of perishable goods
• Village storage scheme proposed to be run by self-help groups
• Government to provide viability gap funding for setting up warehouses
• Govt looking to change existing regime that promotes excessive use of chemical fertilizers
• Looking to change the existing regime that promotes excessive use of chemical fertilizers: FM Sitharaman
• Govt to help farmers set up solar power units
• Govt to expand 'PM Kusum Scheme' to 20 lakh farmers to set up solar pumps
• Govt to help farmers set up solar power units
• Expand 'PM Kusum Scheme' to 20 lakh farmers to set up solar pumps: FM
• Govt proposing comprehensive measures for 100 water-stressed districts
• Proposing comprehensive measures for 100 water-stressed districts: FM Sitharaman
 
Further updates will follow soon.

Read more & stay tuned for more details on Unionbudget2020 , Incometaxslabs , Budget2020 , Nirmalasitharaman, Budget2020 , Dividentdistributiontax , BudgetSession2020

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