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Doubling farmersí Income: government keeps MSP of all hitherto unannounced Kharif crops at least at one and half times of production cost

Budget - Dated:- 1-2-2018 - Doubling farmers Income: government keeps MSP of all hitherto unannounced Kharif crops at least at one and half times of production cost Finance minister announces raising institutional credit for agriculture sector to ₹ 11 Lakh crore for 2018-19 from ₹ 10 Lakh Crore in 2017-18 Rs. 500 Crore operation greens announced to address price volatility of perishable commodities like potato, tomato and onion and benefit both producers and consumers Rs.200 Crore al .....

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hment of specialized agro-processing financial institutions Facility of Kisan credit cards extended to fisheries and animal husbandry farmers to help them meet their working capital needs; ₹ 10,000 Crore funds announced cumulatively for infrastructure development in the two sectors Rs.1290 Crore re-structured national bamboo mission announced to promote bamboo sector in a holistic manner Special scheme to be implemented to support haryana, Punjab, Uttar Pradesh and the Delhi to address air .....

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oduce more from the same land parcel at lesser cost and simultaneously realize higher prices for their produce , the Minister added while announcing a slew of new initiatives for the farm sector in Budget 2018-19. Shri Jaitley was pleased to announce that the Government has decided to keep Minimum Support Price (MSP) for all hitherto unannounced crops of Kharif at least at one and half times of their production cost. This historic decision would prove an important step towards doubling the incom .....

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eens to address price volatility of perishable commodities like potatoes, tomatoes and onions, at an outlay of ₹ 500 crore. Operation Greens , on the lines of Operation Flood , shall promote Farmer Producers Organizations (FPOs), agri-logistics, processing facilities and professional management in the sector. Also, Shri Jaitley announced 100% deduction in respect of profits to Farmer Producer Companies (FPCs), having turnover up to ₹ 100 crore, for a period of 5 years from FY 2018-19 .....

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sum of ₹ 200 crore have been allocated to support organized cultivation of highly specialized medicinal and aromatic plants and aid small and cottage industries that manufacture perfumes, essential oils and other associated products, the Minister added. Announcing the development and upgradation of existing 22,000 rural haats into Gramin Agricultural Markets (GrAMs), the Finance Minister said that more than 86% of farmers in India are small and marginal who are not always in a position to .....

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of that, 470 APMCs have been connected to e-NAM network and rest will be connected by March, 2018. Further, an Agri-Market Infrastructure Fund with a corpus of ₹ 2000 crore will be set up for developing and upgrading agricultural marketing infrastructure in the 22000 Grameen Agricultural Markets (GrAMs) and 585 APMCs, the Minister informed. Announcing doubling of allocation for Ministry of Food Processing from ₹ 715 crore in RE 2017-18 to ₹ 1400 crore in BE 2018-19, Shri Jaitle .....

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