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Budget 2021: Aim to double farmers' income, says Nirmala Sitharaman

Farmers find a way in the bahi khata. FM announces enhanced agri credit target for FY22, gives update on welfare schemes.

Budget 2021: Aim to double farmers' income, says Nirmala Sitharaman-dnm
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New Delhi, First Published Feb 1, 2021, 12:47 PM IST
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The total financial impact of all Aatmanirbhar Bharat packages including measures taken by RBI was estimated to be about Rs 27.1 lakh crore, Finance Minister Nirmala Sitharaman said.

Agriculture and Fishing sector:

Farmers find a way in the bahi khata. FM announces enhanced agri credit target for FY22, gives update on welfare schemes.

·         1,000 more mandis to be integrated with electronic national market

·         To increase provision to rural infra development fund to Rs 40,000 crore from Rs 30,000 crore

·         Five major fishing harbours to be developed as hubs for economic activity

·         Micro irrigation corpus doubled to Rs 10,000 crore. Agriculture infra fund will be made available to APMCs.

Scheme updates

·         1.54 crore farmers benefited from MSP in paddy and wheat in FY21 vs 1.24 crore YoY

·         Amount paid to farmers for wheat in FY21 was Rs 75,060 crore vs Rs 62,802 crore in FY20

·         Amount paid to farmers for paddy in FY21 seen at Rs 1.72 crore Rs vs Rs 1.41 lakh crore in FY20

·         Amount paid to farmers for pulses in FY21 seen at Rs 10,530 crore vs Rs 8,285 crore in FY20

Green scheme to be expanded to 22 perishable vegetable products, said FM Sitharaman. 

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