Budget's thrust is on agriculture & rural development: MK Dhanuka

Rs 10 lakh crores as credit to farmers is a good news for the agri and allied sector players

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M K Dhanuka, MD, Dhanuka Agritech

BS B2B Bureau New Delhi

Last Updated : Feb 04 2017 | 12:03 PM IST

The government’s effort towards giving special focus on the rural economy is a welcome step. The agriculture sector is expected to grow at 4.6 percent in 2017-18 over the previous year and Rs 10 lakh crores as credit to farmers will fuel this growth which is good news for the agri and allied sector players.

The flagship program of PM Narendra Modi for farmers - Fasal Bima Yojna - is a major step to secure farmers against natural calamities. Fasal Bima Yojana coverage is to be increased from current 30 percent to 40 percent in 2017-18 and 50 percent in 2018-19.

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