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Home / News / India News / Day 3: Nirmala Sitharaman announces stimulus for agriculture, allied activities
  • India

    Day 3: Nirmala Sitharaman announces stimulus for agriculture, allied activities

    Shalini Ojha
    Written by
    Shalini Ojha
    Twitter
    Last updated on May 15, 2020, 06:00 pm
    Day 3: Nirmala Sitharaman announces stimulus for agriculture, allied activities
  • On the third day of addressing the press on the Rs. 20 lakh crore package announced by Prime Minister Narendra Modi on Tuesday, Union Finance Minister Nirmala Sitharaman today focused on agriculture and allied activities.

    Accompanied by MoS (Finance) Anurag Thakur, she announced eleven measures.

    She underlined the Centre took initiatives, even during the coronavirus-necessitated lockdown, to empower farmers.

  • In this article
    India reached global benchmark because of its farmers: FM Fishermen to be helped through SAMPADA Yojana Rs. 1 lakh crore for agriculture infrastructure: Sitharaman Rs. 13,000 crore to be spent for vaccination of animals Herbal plants will be grown on both sides of Ganga Essential Commodity Act amended to help farmers Farmers will get a choice on selling produce: Sitharaman
  • Statement

    India reached global benchmark because of its farmers: FM

    India reached global benchmark because of its farmers: FM
  • At the outset of her address, Sitharaman said, "Large part of our population is still dependent on agriculture. 85% holding is by small and marginal farmers. In spite of all adversities, farmers have stood up. India is the largest milk, jute, and pulses producer in the world."

    She said measures were taken to support the farmers in the lockdown period as well.

  • Fishermen

    Fishermen to be helped through SAMPADA Yojana

  • Further, under the Pradhan Mantri Matsya Sampada Yojana, the Centre announced Rs. 20,000 crore for integrated, sustainable, inclusive development of marine and inland fisheries

    "As you can see, our focus is on the fact that India starts on its own, it gets help to start on its own, rather than giving entitlements," the minister said.

  • Announcements

    Rs. 1 lakh crore for agriculture infrastructure: Sitharaman

  • The first eight steps pertained to capacity building and infrastructure, she said. She said a fund of Rs. 1 lakh crore will be set up for aggregators, FPOs, and primary agri-cooperative societies.

    For food enterprises, the government will be providing a fund of Rs. 10,000 crore which will be executed with a cluster-based approach. 200,000 enterprises will benefit from this scheme.

  • Quote

    Rs. 13,000 crore to be spent for vaccination of animals

  • "100% vaccination of all cattle to be ensured to eradicate Foot and Mouth Disease (FMD) under the National Disease Control Program. Nearly 53 crore animals will be vaccinated. Around Rs. 13,000 crore will be spent towards this," she added.

  • Herbal plants

    Herbal plants will be grown on both sides of Ganga

    Herbal plants will be grown on both sides of Ganga
  • The government has decided to allocate Rs. 4,000 crore for medicinal plants. As part of the plan, 10 lakh hectares will be purchased for this, and such plants will be grown on both sides of the river Ganga.

    Thakur said the coronavirus pandemic has shown the importance of herbal medicines.

    Further, Rs. 500 crore was announced for beekeeping initiatives.

  • Governance

    Essential Commodity Act amended to help farmers

  • Sitharaman said the Essential Commodity Act, which has been in place since 1955, is being amended. Earlier, farmers couldn't reap profits even when the crop was in abundance, she said.

    To give them a reprieve, the government has decided to de-regulate cereals, edible oil, onion, potatoes, etc.

    This will ensure no stock limit is applied to processors or value chain participants, the minister explained.

  • Income

    Farmers will get a choice on selling produce: Sitharaman

    Farmers will get a choice on selling produce: Sitharaman
  • In a bid to double farmers' income, the government wants to introduce a law that will give them the choice to sell produce at an adequate price.

    Not only will inter-state barriers be done away with, but a framework will also be established to let the produce be traded online. Currently, farmers can only sell to licensees.

    Thakur said steps were taken to avoid exploitation.

  • Anurag Thakur
  • Nirmala Sitharaman
  • Coronavirus
  • COVID-19
  • Lockdown
  •  
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