Budgetary Provision for Government Agri Schemes
For the year 2016-17, budgetary provision of Rs. 45,250 crore was made for Ministry of Agriculture & Farmers Welfare which has now been increased by 15.31% to Rs. 51,026 crore for the year 2017-18. The Minister highlighted the following provisions of the Budget:
Pradhan Mantri Fasal Bima Yojana: 40% agricultural area will be brought under the scheme this year, while accelerating the implementation of Pradhan Mantri Fasal Bima Yojana and it was 30% in the previous year. Now it will be increased to 50% for the year 2018-19. There was a budget provision of Rs. 5.5 thousand crores during the previous year which will be increased to Rs. 9000 crore during this year. Simultaneously, during this year for the dues of previous year, an additional sum of Rs. 7.7 thousand crores has also been provided.
Soil Health Card: To establish mini soil testing labs, a provision has been made for all 648 KVKs. 1000 labs will be activated through local entrepreneurs. For this purpose loan related subsidy will be provided by the government.
e-NAM: 250 mandis are linked with e-NAM platform at present, which will be increased to 585 mandis. For this purpose, for their basic infrastructures (sanity grading and packaging), each mandi will be provided assistance upto Rs. 75 lakhs. In addition to this, it has also been suggested to denotify from APMC Act (Mandi Act) those commodities which are quickly perishable.
Dairy: Dairy is a prominent part of agriculture economy. During year 2016-17, for White Revolution there was a budgetary provision of Rs. 1136 crore which has been increased by 43.8% in the form of Rs. 1634 crore for year 2017-18. Along with this, for the modernization of old milk processing units under Operation Flood, dairy processing and infrastructural fund will be set up with a sum of Rs. 8000 cr. This will be completed within a period of 3 years. Initially it will be started with a sum of Rs. 2000 crores.
Micro Irrigation: A dedicated micro Irrigation fund with a sum of Rs. 5000 crores will be set up for the achievement of the goal of “per drop – more crop”.
Blue Revolution: Blue Revolution is one of the priorities of the government. Keeping this in view, for year 2016-17 the budget provision of Rs. 247 crore has been increased by 62.35% amounting to Rs. 401 crore. To cope with the problem of drought prevailing in rural areas, the MNREGA was given an assurance to make 5 lakh ponds during last year. 5 lakh new ponds will also be built up during present year.
Pradhan Mantri Krishi Sinchai Yojna: A sum of Rs. 5189 crore for Pradhan Mantri Krishi Sinchai Yojna has been increased to Rs.7377 crore. For irrigation scheme in previous financial year concerned with NABARD, besides a long term irrigation fund has been set up with a sum of Rs. 20,000 crore. During this year, it will be doubled in the form of Rs. 40,000 crore.
Other features in the Budget: The total loan amount of Rs. 9 lakh crore for previous year has been enhanced as Rs. 10 lakh crore this year. In this respect, dedicated efforts will be made for low irrigated areas, eastern states and Jammu & Kashmir. In addition to this, as per the announcement made earlier by the Hon’ble Prime Minister, the waiver will also be provided on loan interest for 60 days.
To make improvements in the policies relates to agriculture, model contact farming law will be formulated.