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(The Gist of PIB) Union Budget: Agriculture and allied sector

(THE GIST OF PIB) Union Budget: Agriculture and allied sector

Union Minister for Finance announced 9 measures for Agriculture Sector as part of inclusive development for aspirational India while presenting the Union Budget 2021-22.

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It is proposed to extend SWAMITVA Scheme to all States/UTs. Earlier this year, PM Narendra Modi had launched SWAMITVA Scheme to bring transparency in property ownership in villages.
To provide adequate credit to our farmers, the Finance Minister enhanced the agricultural credit target to Rs 16.5 lakh crore in FY22.
The Finance Minister also announced the enhancement of allocation to the Rural Infrastructure Development Fund from Rs 30,000 crore to Rs 40,000 crore.
It is proposed to double Micro Irrigation Fund, started with a corpus of Rs 5,000 crore under NABARD, by augmenting it by another Rs 5,000 crore.
It is proposed to increase the scope of ‘Operation Green Scheme’ that is presently applicable to tomatoes, onions, and potatoes (TOPS), to be enlarged to include 22 perishable products.
The Finance Minister proposed to integrate 1,000 more mandis with e-NAM to bring transparency and competitiveness.
The Finance Minister proposed to make available the Agriculture Infrastructure Fund to APMCs for augmenting their infrastructure facilities.
5 major fishing harbours – Kochi, Chennai, Visakhapatnam, Paradip, and Petuaghat – will be developed as hubs of economic activity.
To promote seaweed cultivation, Smt. Sitharaman proposed a Multipurpose Seaweed Park to be established in Tamil Nadu.