Feb 01 2020
Added in BUDGET 2020 / BUDGET 2020 Print Friendly and PDF


  • Will double farmer income by 2022, says Finance Minister. A total of 6.11 crore farmers insured under Fasal Bima, says finance minister. She says hand-holding of farm-based activities needs to be done. This, she said, can be done in cooperation with states. Presents a 16-point action plan for this purpose.
  • FM translates Kashmiri poem into Hindi. It says, "Hamara vatan khilte huey Shalimar bagh jaisa…hamara vatan Dal jheel me khilte huey Kamal jaisa…Naujawaanon ke garm khoon jaisa…Mera vatan, tera vatan, hamara vatan Duniya ka sabse pyara vatan"
  • PM Kusum Scheme reduced dependence on diesel and kerosene and relied on social energy. Total of 20 lakh farmers can set up standalone solar pumps, she says. Further, she said that government can help 15 lakh solarise grid-connected pump sets, says finance minister Nirmala Sitharaman. Farmers can also use barren land for solar energy and have a livelihood out of it, says FM.
  • FM Nirmala Sitharaman quotes Atichudi of Saint Avaiyar and says that farm land should have sufficient manure and water and not an excessive one. Will also revise incentives for use of chemical fertilisers, says FM. Warehouse building incentives will also be given by the government for the farmers. The thrust, she says, is to offer viability gap funding and Mudra loans will also be provided for such self-help groups. Here, women will be the 'dhanya Laxmi' in the villages, she added. 
  • Kisan Rail will be set up by Indian Railways on PPP goods for transport of perishable goods. Added to this is Krishi Udan by civil aviation that will help value realization in North-East India and tribal areas, says FM. High focus will be one product in one district as far as the horticulture sector is concerned. Zero budget natural farming will be operationalised and thrust will be on organic farmer, says Sitharaman.
  • NBFCs and cooperatives are active in agriculture lending. NABARD refinance scheme will be expanded, says FM. Agri credit target for 2020-21 has been proposed at Rs 15 lakh crore, said Nirmala Sitharaman.
  • Doubling of milk producing capacity will be to 108 MT by 2025 from 53.5 MT, says Nirmala Sitharaman. WiIl raise 200 lakh tons of fish production and there will be Sagar Mitras who will be the fish farmers, says Sitharaman. Added to this is production of algae and caged cultivation as well, says FM. 
  • FM Nirmala Sitharaman says for agri and allied activities an allocation of Rs 2.83 lakh crore has been made for FY21. This includes agriculture, irrigation, rural development, Panchayati Raj. 


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