1. It is good to see the government renew its commitment to boost 'digital India' in the budget presented by FM Smt Nirmala Sitharaman. The Government's vision on bridging the rural-urban divide with internet penetration will be pivotal in transforming India into a $5 trillion economy.
2. It is good to see the impetus given to Start ups, MSMEs and FPOs-which form the backbone of our economy and also to Electric Vehicles. Further, by setting up a National Research Foundation, addressing challenges faced by start-ups, and committing to transforming the education system, the budget is set to boost innovation in the country. Innovation will form the bedrock of the digital economy in India.
3. The proposal to invest Rs 100 lakh crore in infrastructure bodes well for job creation and boosting demand, manufacturing and consumer income. As the Prime Minister Modi led government continues to push for Ease of Doing Business for MSMEs and industries, we at Flipkart Marketplace will be happy to continue connecting millions of MSME sellers, manufacturers and artisans with consumers efficiently & in cost effective manner.
1. Launched "Pradhan Mantri KIsan SAmman Nidhi (PM-KISAN)", under which, vulnerable landholding farmer families, having cultivable land up to 2 hectares, will be provided direct income support at the rate of Rs 6,000 per year. This programme will entail an annual expenditure of Rs 75,000 crore
2. Increased the allocation for Rashtriya Gokul Mission to Rs 750 crore in the current year itself. Announced setting up of "Rashtriya Kamdhenu Aayog" to upscale sustainable genetic up-gradation of cow resources and to enhance production and productivity of cows
3. Proposed to provide the benefit of 2% interest subvention to the farmers pursuing the activities of animal husbandry and fisheries, who avail loan through Kisan Credit Card. Further, in case of timely repayment of loan, they will also get an additional 3% interest subvention
1. Government has decided to keep MSP for the all unannounced crops of kharif at least at one and half times of their production cost.
2. An Agri-Market Infrastructure Fund with a corpus of Rs 2000 crore will be set up for developing and upgrading agricultural marketing infrastructure in the 22,000 Grameen Agricultural Markets (GrAMs) and 585 APMCs.
3. Women Self Help Groups (SHGs) will also be encouraged to take up organic agriculture in clusters under National Rural Livelihood Programme.
4. Government shall support organized cultivation and associated industry and propose to allocate a sum of Rs 200 crore for this purpose.
5. Allocation of Ministry of Food Processing is being doubled from Rs 715 crore in RE 2017-18 to Rs 1400 crore in BE 2018-19.
6. Proposes to launch an ‘‘Operation Greens’’ on the lines of ‘‘Operation Flood’’. ‘‘Operation Greens’’ shall promote Farmer Producers Organizations (FPOs), agri-logistics, processing facilities and professional management. Allocated a sum of Rs 500 crore for this purpose.
7. Propose to set up state-of-the-art testing facilities in all the forty two Mega Food Parks.
8. Propose to extend the facility of Kisan Credit Cards to fisheries and animal husbandry farmers to help them meet their working capital needs. Small and marginal farmers will get more benefits.
9. Propose to launch a Re-structured National Bamboo Mission with an outlay of Rs1,290 crore to promote bamboo sector in a holistic manner.
10. Announced setting up a Fisheries and Aquaculture Infrastructure Development Fund (FAIDF) for fisheries sector and an Animal Husbandry Infrastructure Development Fund (AHIDF) for financing infrastructure requirement of animal husbandry sector. Total corpus of these two new funds would be Rs 10,000 crore.
11. Increasing the volume of institutional credit for agriculture sector from Rs 8.5 lakh crore in 2014-15 to Rs 10 lakh crore in 2017-18, to Rs 11 lakh crore for the year 2018-19.
12. Government will extend a favourable taxation treatment to Farmer Producers Organisations (FPOs) for helping farmers aggregate their needs of inputs, farm services, processing and sale operations.
13. Ground water irrigation scheme under Prime Minister Krishi Sinchai Yojna- Har Khet ko Pani will be taken up in 96 deprived irrigation districts where less than 30% of the land holdings gets assured irrigation presently. Allocated Rs 2600 crore for this purpose.
1. The total allocation for the rural, agriculture and allied sectors in 2017-18 is Rs 1,87,223 crore, which is 24% higher than the previous year.
2. The target for agricultural credit in 2017-18 has been fixed at a record level of Rs 10 lakh crores.
3. The coverage of Fasal Bima Yojana will be increased from 30% of cropped area in 2016-17 to 40% in 2017-18 and 50% in 2018-19. For 2017-18, provided a sum of Rs 9,000 crore
4. Government will set up new mini labs in Krishi Vigyan Kendras (KVKs) and ensure 100% coverage of all 648 KVKs in the country.
5. Addition of Rs 20,000 crore to the corpus of Long Term Irrigation Fund.
6. A dedicated Micro Irrigation Fund to be set up in NABARD to achieve the goal, 'per drop more crop'. The Fund will have an initial corpus of Rs 5,000 crore.
6. The coverage of National Agricultural Market (e-NAM) will be expanded from the current 250 markets to 585 APMCs.
7. A Dairy Processing and Infrastructure Development Fund would be set up in NABARD with a corpus of Rs 8,000 crores over 3 years. Initially, the fund will start with a corpus of Rs 2,000 crores.
8. Undertake a Mission Antyodaya to bring one crore households out of poverty and to make 50,000 gram panchayats poverty free by 2019
9. Budget provision of Rs 38,500 crores under MGNREGA in 2016-17 has been increased to Rs 48,000 crores in 2017-18.
10. Together with the contribution of states, an amount of Rs 27,000 crore will be spent on PMGSY in 2017-18.
11. Stepped up the allocation for Pradhan Mantri Awaas Yojana - Gramin from Rs 15,000 crores in BE 2016-17 to Rs 23,000 crore in 2017-18.
12. An increased allocation of Rs 4,814 crore proposed under the Deendayal Upadhyaya Gram Jyoti Yojana in 2017-18.
13. Proposed to increase the allocations for Deendayal Antyodaya Yojana- National Rural Livelihood Mission for promotion of skill development and livelihood opportunities for people in rural areas to Rs 4,500 in 2017-18.
14. Proposed to provide safe drinking water to over 28,000 arsenic and fluoride affected habitations in the next four years.
1. Allocation for Agriculture and Farmers welfare is Rs 35,984 crore.
2. Pradhan Mantri Krishi Sinchai Yojana to be implemented in mission mode. 28.5 lakh hectares will be brought under irrigation..
3. Implementation of 89 irrigation projects under AIBP, which are languishing for a long time, will be fast tracked.
4. A dedicated long term irrigation fund will be created in NABARD with an initial corpus of about Rs 20,000 crore.
5. Programme for sustainable management of ground water resources with an estimated cost of Rs 6,000 crore will be implemented through 3 multilateral funding.
6. 2,000 model retail outlets of Fertilizer companies will be provided with soil and seed testing facilities during the next three years.
7. Unified agricultural marketing ePlatform to provide a common e- market platform for wholesale markets.
8. Allocation under Pradhan Mantri Gram Sadak Yojana increased to Rs 19,000 crore.
9. To reduce the burden of loan repayment on farmers, a provision of Rs 15,000 crore has been made in the BE 2016-17 towards interest subvention.
10. Allocation under Prime Minister Fasal Bima Yojana Rs 5,500 crore.
11. Rs 850 crore for four dairying projects - Pashudhan Sanjivani, Nakul Swasthya Patra, E-Pashudhan Haat and National Genomic Centre for indigenous breeds
1. Rs 5,300 crore to support micro-irrigation, watershed development and the 'Pradhan Mantri Krishi Sinchai Yojana'.
2. Rs 25,000 crore in 2015-16 to the corpus of Rural Infrastructure Development Fund (RIDF) set up in NABARD.
3. Rs 15,000 crore for Long Term Rural Credit Fund
4. Rs 45,000 crore for Short Term Co-operative Rural Credit Refinance Fund
5. Rs 15,000 crore for Short Term RRB Refinance Fund.
6. Emphasised on need to create a National Agriculture Market for the benefit farmers, which will also have the incidental benefit of moderating price rises. Government to work with the States, in NITI, for the creation of a Unified National Agriculture Market.
1. An amount of Rs 100 crores set aside for ???Agri-tech Infrastructure Fund???
2. An outlay of Rs 200 crore to open Agriculture Universities in Andhra Pradesh and Rajasthan and Horticulture Universities in Telangana and Haryana
3. A scheme to provide every farmer a soil health card. A sum of Rs 100 crore provided for this purpose. An additional Rs 56 crores allocated to set up 100 Mobile Soil Testing Laboratories across the country.
4. To meet the vagaries of climate change, a ???National Adaptation Fund??? with an initial sum of Rs 100 crore to be set up.
5. Technology driven second green revolution with focus on higher productivity and ???protein revolution??? to be a major thrust area.
6. Central government to work closely with state governments to reorient their respective Agricultural Produce Market Committee (APMC) Acts.
7. A sum of Rs 50 crore provided for the development of indigenous cattle breeds and an equal amount for starting a blue revolution in inland fisheries.
8. To provide institutional finance to landless farmers, finance would be provided to 5 lakh joint farming groups through NABARD
9. Corpus of Rural Infrastructure Development Fund raised to Rs 30,000 crores.
10. Allocation of Rs 5,000 crore for the Warehouse Infrastructure Fund.
11. ???Long Term Rural Credit Fund??? to be set up for the purpose of providing refinance support to cooperative banks and Regional Rural Banks with an initial corpus of Rs 5,000 crore.
12. An outlay of Rs 50,000 crore for Short Term Cooperative Rural Credit
13. Allocation of Rs 200 crore for NABARD???s Producers Development and Upliftment Corpus (PRODUCE) for building 2,000 producers organisations over the next two years.
1. An outlay of Rs 1000 crore for Bringing Green Revolution to Eastern India.
2. An allocation of Rs 500 crore for launching a programme of crop diversification that would promote technological innovation and encourage farmers to choose crop alternatives.
3. Rashtriya Krishi Vikas Yojana and National Food Security Mission provided Rs 9,954 crore and Rs 2,250 crore respectively.
4. Allocation for integrated watershed programme enhanced from Rs 3,050 crore in 2012/13 to Rs 5,387 crore.
5. National Livestock Mission to be set up with a corpus of Rs 307 Crores.
6. The Indian Institute of Agricultural Bio-technology to be established at Ranchi, Jharkhand.
7. Allocation made for pilot programme on Nutri-Farms for introducing new crop varieties that are rich in micro-nutrients.
8. A sum of Rs 3,415 crore allocated for agricultural research.
1. The outlay for the Rashtriya Krishi Vikas Yojana (RKVY) increased to Rs 9,217 crore.
2. Allocation for the Initiative of Bringing Green Revolution to Eastern India scheme increased to Rs 1,000 crore in 2012/13, up from Rs 400 crore in 2011/12.
3. A Rs `2,242 crore project launched with World Bank assistance to improve productivity in the dairy sector.
4. Kisan Credit Card (KCC) Scheme to be modified. KCC to be made a smart card which could be used at ATMs.
5. A sum of Rs 200 crore set aside for incentivising research with rewards.
6. Structural changes in the Accelerated Irrigation Benefit Programme (AIBP) being made to maximise benefit from investments in irrigation projects. Allocation for AIBP stepped up by 13 per cent to Rs 14,242 crore.
7. A new centrally sponsored scheme titled ???National Mission on Food Processing??? to be started in co-operation with the state governments.
8. Allocation for the Rural Infrastructure Development Fund enhanced to Rs 20,000 crore -- of this Rs 5,000 crore earmarked exclusively for creating warehousing facilities.
1. Allocation for the Rashtriya Krishi Vikas Yojana increased to Rs 7,869 crore.
2. An outlay of Rs 300 crore to promote 60,000 pulses villages in rainfed areas.
3. A sum of Rs 300 crore provided to bring 60,000 hectares under oil palm plantations. Initiative to yield about 3 lakh metric tonnes of palm oil annually in five years.
4. Allocation of Rs 300 crore for promoting higher production of bajra, jowar, ragi and other millets, which are highly nutritious and have several medicinal properties.
5. The Accelerated Fodder Development Programme allocated Rs 300 crore to benefit farmers in 25,000 villages.
6. The capital base of NABARD to be strengthened by Rs 3,000 crore in phases.
7. Approval given to set up 15 more Mega Food Parks in 2011/12.
1. An allocation of Rs 200 crore for sustaining the gains already made in the green revolution areas through conservation farming which involves concurrent attention to soil health, water conservation and preservation of biodiversity.
2. An outlay of Rs. 400 crore for extending the green revolution to the eastern region of the country comprising Bihar, Chhattisgarh, Jharkhand, Eastern UP, West Bengal and Orissa.
3. A sum of Rs 300 crore provided to organise 60,000 ???pulses and oil seed villages??? in rain-fed areas and provide an integrated intervention for water harvesting, watershed management and soil health. The objective: enhance the productivity of the dry land farming areas.
4. In addition to the ten mega food park projects already being set up, the government decided to establish five more such parks.
5. External Commercial Borrowings to be available for cold storage or cold room facility.
1. Allocation for the Accelerated Irrigation Benefit Programme (AIBP) increased by 75 per cent to 35,000 crore.
2. Allocation for the Rashtriya Krishi Vikas Yojana (RKVY) stepped up by 30 per cent.
3. Interest subvention to be continued in 2009/10 to ensure that farmers get short term crop loans upto Rs 3 lakh at 7 per cent per annum.
4. The corpus of Rural Infrastructure Development Fund increased to Rs 14,000 crore.
1. Accelerated Irrigation Benefit Program outlay for 2008/09 increased to Rs 20,000 crore.
2. Rainfed Area Development Programme allocated Rs 348 crore.
3. An outlay of Rs 500 crore for the Micro Irrigation Scheme.
4. A total of 14 irrigation projects approved as National Projects by the government. Irrigation and Water Resources Finance Corporation proposed to be set up, with an initial capital of Rs 100 crore contributed by the central government, to fund long-gestation major and medium irrigation projects.
5. The National Horticulture Mission, covering 340 districts in 18 States and two Union Territories, provided Rs 1,100 crore.
6. Some 500 soil testing laboratories to be set up during the Eleventh Plan. The government to provide assistance of Rs 30 lakh per laboratory. One-time allocation of Rs 75 crore to the Ministry of Agriculture to provide one fully-fitted mobile soil testing laboratory in 250 districts of the country.
7. An allocation of Rs 40 crore for Special Purpose Tea Fund.
8. An allocation of Rs 644 crore for National Agriculture Insurance Scheme.
9. The government continued to provide fertilisers to farmers at subsidised prices.
10. Scheme of Debt Waiver and Debt Relief for farmers announced. The scheme covered all loans disbursed by scheduled commercial banks, regional rural banks and cooperative credit institutions up to March 31, 2007 and overdue as on December 31, 2007. Complete waiver of all loans overdue on December 31, 2007for marginal farmers and small farmers. Total value of overdue loans being waived estimated at Rs 50,000 crore.
1. Integrated Oilseeds, Oilpalm, Pulses and Maize Development Programme to be expanded with sharper focus on scaling up the production of breeder, foundation and certified seeds. The government to fund the expansion of Indian Institute of Pulses Research, Kanpur and offer producers a capital grant or concessional financing to double production of certified seeds within a period of three years.
2. Accelerated Irrigation Benefit Program allocated Rs 11,000 crore.
3. Allocation of Rs 100 crore for the new Rainfed Area Development Programme.
4. 100 per cent subsidy to small and marginal farmers and 50 per cent subsidy to other farmers for diverting rain water into 'dug wells'. A sum of Rs 1,800 crore to be transferred to NABARD.
5. Indian Council of Agricultural Research to set up one teaching-cum-demonstration model of water harvesting in each of the 32 selected State Agricultural Universities and Indian Council of Agricultural Research institutes.
6. A pilot programme to be implemented for delivering subsidies directly to farmer.
7. Corpus of RIDF-XIII to be raised to Rs.12,000 crore.
8. A new scheme -- 'Aam Aadmi Bima Yojana' -- to be introduced for death and disability insurance cover through LIC to rural landless households.
1. An outlay of Rs 4,500 crore for the Accelerated Irrigation Benefit Program.
2. The Command Area Development Programme revamped. Some 20,000 water bodies with a command area of 1.47 million hectares identified in the first phase for repair, renovation and restoration at an estimated cost of Rs 4,481 crore.
3. A sanction of Rs 7,301 crore for the Rural Infrastructure Development Fund XI (RIDF XI). The corpus for RIDF XII increases to Rs 10,000 crore. Specified projects under PPP model allowed access to RIDF funds. A separate window for rural roads, with a corpus of Rs 4,000 crore, announced.
4. A Special Purpose Tea Fund set up with a corpus of Rs 100 crore.
5. The National Horticulture Mission allocated Rs 150 crore.
1. An allocation of Rs 630 crore for the National Horticulture Mission to cover research, production and post harvest management.
2. A new scheme for development/strengthening of agricultural marketing infrastructure introduced. The objective was to induce large investments from the private and cooperative sectors for setting up agricultural markets, marketing infrastructure and support services.
3. An outlay of Rs 180 crore for flood management and erosion control in the Ganga basin and in the Brahmaputra and Barak valleys.
4. An allocation of Rs 4,800 crore made for the Accelerated Irrigation Benefit Program.
5. Micro Irrigation scheme coverage to extend to 3 million hectares in the Tenth Plan and 14 million hectares in the Eleventh Plan.
6. Target for credit-linking to be enhanced from 2 lakh Self Help Groups (SHGs) to 2.5 lakh; Micro Finance Development Fund to be redesignated as the ???Micro Finance Development and Equity Fund??? with a corpus of Rs 200 crore.
7. The government launched Mission 2007 - a national initiative comprising nearly 80 organisations with a goal to set up a Knowledge Centre in every village by the 60th anniversary of independence Day. Support for the project to be routed through the National Bank for Agriculture and Rural Development (NABARD).
8. Rural Infrastructure Development Fund allocated Rs 100 Crore.
9. An initial provision of Rs 50 crore for the National Fund for Strategic Agricultural Research.
1. Projects under Accelerated Irrigation Benefit Programme allocated Rs 2800 crore.
2. National Water Resource Development Project launched to repair, renovate and restore all water bodies directly linked to agriculture.
3. Nationwide water harvesting scheme launched.
4. Rs 30 crore allocated for flood control.
5. National Horticulture Mission launched. Target : double horticulture production by 2011/12.
6. Rs 1000 crore allocated to R&D in agriculture.