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

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


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.


  • 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.



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Courtesy: PIB