Finance minister Nirmala Sitharaman on Friday (15 May) unveiled the third tranche of government's Rs 20 lakh crore economic package.
- Government extends Operation Greens from Tomatoes, Onion and Potatoes (TOP) to ALL fruits and vegetables. It will offer 50% subsidy on transportation from surplus to deficient markets. 50% subsidy on storage, including cold storages. Government to run the pilot plan for 6 months. It will be later expanded and extended. Expected outcomes include better price realisation to farmers, reduced wastage and affordability of products for consumers.
- Government will amend Essential Commodities Act to enable better price realisation for farmers. Agriculture food stuffs including cereals, edible oils, oilseeds, pulses, onions and potato will be deregulated. Stock limit to be imposed under very exceptional circumstances like national calamities. fliminc with surge in prices. No such stock limit shall apply to processors or value chain participant, subject to their installed capacity or to any exporter subject to the export demand.
- In a move to strenghten infrastructure in agriculture, financing facility of Rs 1 lakh crore will be provided for funding Agriculture Infrastructure Projects at farm-gate & aggregation points. Funds will be created immediately.
- Government to bring in law to implement agriculture marketing reforms to provide marketing choices to farmers Law will provide adequate choices to farmer to sell produce at attractive price, barrier free inter-state trade and framework for e-trading of agri produce.
- To provide assurance to farmer on agriculture produce price and quality, facilitative legal framework will be created to enable farmers for engaging with processors, aggregators, large retailers, exporters etc. in fair and transparent manner.
- Funds transfer worth Rs 18,700 crore has been done under PM KISAN in past 2 months and PM Fasal Bima Yojana claims worth Rs 6,400 crores released in past 2 months.
- New scheme has been launched for interest subvention @ 2% per annum to dairy cooperatives for 2020-21 aimed at unlocking Rs 5000 crore additional liquidity, benefitting 2 crore farmers.
- To help fisheries sector, operations of Marine Capture Fisheries and Aquaculture has been relaxed to cover Inland Fisheries.
- Government to launch Pradhan Mantri Matsya Sampada Yojana for integrated, sustainable, inclusive development of marine and inland fisheries to plug critical gaps in fisheries value chain; move will provide employment to over 55 lakh persons & double exports to Rs 1 lakh crore. Will lead to additional fish production of 70 lakh tonnes over 5 years.
- Aiming to implement PM's vision of 'Local for Local with Global outreach', a scheme will be launched to help 2 lakh Micro Food Enterprises. Improved health and safety standards, integration with retail markets and improved incomes to be key focus areas.
- National Animal Disease Control Programme has been launched with total outlay of Rs 13,343 crore for 100% vaccination of cattle, buffalo, sheep, goat and pig population in India.
- Government announces an Animal Husbandry Infrastructure Development Fund worth Rs 15,000 crore to support private investment in Dairy Processing, value addition and cattle feed infrastructure. Incentives to be given for establishing plants for export of niche products.
- To promote Herbal Cultivation in India Government commits Rs 4000 crore. The move aims to cover 10 lakh hectare under herbal cultivation in 2 years. To develop an 800-hectare corridor of medicinal plants along the banks of Ganga.
- Government to implement a scheme for infrastructure development related to Beekeeping. Aims to increase income for 2 lakh beekeepers with special thrust on capacity building of women.
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