Atmanirbhar day 3: Package highlights agriculture and allied activities

Source : Sify
Author : Finance Desk
Last Updated: Fri, May 15th, 2020, 17:43:31hrs
Atmanirbhar day 3: Package highlights agriculture and allied activities

New Delhi: Finance Minister Nirmala Sitharaman continued on the Atmanirbhar Abhiyaan set of economic packages. In the third set of package announced on Friday, the major focus was on agriculture and allied activities.  

Here's what gets what:

Agriculture:

1. MSP purchases amounting to Rs 74,300 crores done during lockdown.  

2. PM Kisan Fund transfer of Rs 18,700 crores.  

3. PM Fasal Bima Yojana claims of Rs 7,400 crores paid.  

4. Farm-gate infrastructure for farmers: Financing facility of Rs 1 lakh crores to be provided for agriculture infrastructure projects at farm-gate and aggregation points (Primary Agricultural Cooperative societies, Farmers Producer Organization, agricultural entrepreneurs, startups etc)

5. Rs 10,000 crores for formalisation of micro food enterprises: A scheme for helping 2 lakh MFEs enable technical upgradation in FSSAI food standards, build brands and marketing.  

6. To promote Herbal Cultivation in India Government commits Rs 4000 crore; move aims to cover 10 lakh hectare under herbal cultivation in 2 years; corridor of medicinal plants to come up across banks of Ganga

7. Operation Green from Tomatoes, Potatoes, to all fruits and vegetables.  

Animal Husbandry:

1. Demand of milk is down by 20-25%. However, milk cooperatives are procuring 560 lakh litres against daily sale of 360 lakh litre per day.  

2. Interest subvention scheme of 2% per annum to dairy cooperatives for 20-21.  

3. Additional 2% pa interest subvention on prompt payment / interest servicing.  

4. Scheme to offer Rs 5,000 crores additional liquidity benefitting 2 crore farmers.  

5. Rs 13,343 crores for 100% vaccination of 53 crore animals - cattle, buffalo, sheep, goat and pig population in India.  

6. Animal husbandry infrastructure development fund of Rs 15,000 crores to support private investment in Dairy Processing, value addition and cattle feed infrastructure.

7. Rs 500 crores towards a scheme for Bee-Keeping with an aim to increase income for 2 lakh beekeepers with special thrust on employment for women.  

Fisheries Sector:

1. Shrimp import permits extended by three months.  

2. 242 registered shrimp hatcheries and nauplii rearing hatcheries expiring on 31 March extended for 3 months.  

3. Operations of marine capture fisheries and aquaculture relaxed to cover inland fisheries.  

4. Rs 20,000 crores for fishermen via Pradhan Mantri Matsya Sampada Yojana for integrated, sustainable, inclusive development of marine and inland fisheries The employment will offer employment to 55 lakh & double exports to Rs 1 lakh crore. Rs 11,000 crores for activities in marine, inland fisheries, and acquaculture. Rs 9,000 crores for infrastructure such as fishing harbours, cold chain, markets etc. This will lead to additional fish production of 70 lakh tonnes over five years.  

Legal Frameworks:

1. Essential Commodities Act, 1955, to be tweaked to enable better price realisation for farmers, agriculture food stuffs including cereals, edible oils, oilseeds, pulses, onions and potato will be deregulated.  

2. Stock limit to be imposed under very exceptional circumstances like national calamities, famine with surge in prices.  

3. 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

4. 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