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Union Budget 2020: Modi Government Committed To Doubling Farmers' Income By 2022: Nirmala Sitharaman

The Government Is Expected To Widen Its Budget Deficit Target For The Year Through March To 3.8% Of Gross Domestic Product From A Planned 3.3%.

News Nation Bureau | Edited By : Victor Dasgupta | Updated on: 01 Feb 2020, 02:50:23 PM
Nirmala Sitharaman

Finance Minister Nirmala Sitharaman (Photo Credit: PTI)

New Delhi:

Farm markets need to be liberalised and the government is proposing to hand-hold farmers, Finance Minister Nirmala Sitharaman said on Saturday. Presenting the Budget for 2020-21, Sitharaman said the government is proposing a 16-point action plan to boost agriculture and farmers' welfare. Sitharaman said agricultural services need copious investments, and added that the government has insured 6.11 crore farmers under the Pradhan Mantri Fasal Bima Yojna. "Everything that we do, speak through budget, everything that the government does is for the country," she said.

The government has asked states to adopt three central model laws on agricultural land leasing, marketing and contract farming, Finance Minister Nirmala Sitharaman said on Saturday.

Presenting the Budget for 2020-21, Sitharaman said farmers will be be allowed to set up solar units on barren/fallow lands and supply power to grids. The finance minister further said 20 lakh farmers will be provided funds for setting up standalone solar pumps.

The government has also proposed a comprehensive measure for 100 water stressed districts, she added. Besides, the Centre also proposes plans to help farmers use proper manure and little water and encourage balanced use of fertilisers, the minister said.

Balanced use of fertiliser will bring about change in prevailing regime of providing incentive for use of chemical fertiliser, Sitharaman said. The finance minister also said that Food Corporation of India and Warehousing Corporation of India to build warehousing facility on their land. She said NABARD will map and geo-tab 162 million tonne capacity agri-warehouses across the country.


2.83 lakh crore rupees allocated for agriculture and allied activities, irrigation and rural development: FM Nirmala Sitharaman.

Rs 11500 Crore allocated for Jal Jeevan Mission: Finance Minister Nirmala Sitharaman

Viability gap funding will be provided to set up warehouses for agri products, says Finance Minister. 

NBFCs and cooperatives are active in agriculture lending. NABARD refinance scheme will be expanded, says Finance Minister

Production of algae and caged cultivation on cards, says FM. 

WiIl raise 200 lakh tons of fish production and there will be Sagar Mitras who will be the fish farmers, says Sitharaman.

Doubling of milk producing capacity will be to 108 MT by 2025 from 53.5 MT, says Nirmala Sitharaman.

Fish production to be raised to 200 lakh tonnes by 2022: FM Nirmala Sitharaman

Rs 2.83 lakh crore allocation for agriculture and irrigation, announces Nirmala Sitharaman 

Propose raising fish production to 2 lakh tonnes: Finance Minister

We will encourage balanced use of all fertilizers, a necessary step to change the incentive regime which encourages excessive use of chemical fertilizers

Horticulture with 311 MT exceeds production of food grains: FM Nirmala Sitharaman

Integrated farming in rain fed areas to be expanded, says Finance Minister Nirmala Sitharaman

Agri Credit target for 2020 set at Rs 15 lakh crore: Finance Minister

Indian Railways will set up Kisan rail with refrigerators so that perishable goods can be transported. Krishi Uddan will be launched by the Civil Aviation: Nirmala Sitharaman

Farmers can also use barren land for solar energy and have a livelihood out of it, says FM.

Government can help 15 lakh solarise grid-connected pump sets, says finance minister Nirmala Sitharaman.

Total of 20 lakh farmers can set up standalone solar pumps: FM Nirmala Sitharam.

PM Kusum Scheme reduced dependence on diesel and kerosene and relied on social energy.

Pradhan Mantri Kisan Urja Suraksha evem Utthan Mahabhiyan (PM KUSUM) to be expanded to provide 20 lakh farmers in setting up standalone solar pumps.

Will encourage state governments who implement model laws: Finance Minister

Comprehensive measures for 100 water-stressed districts being proposed: Finance Minister.

Agri market needs to be liberalised; government proposes to handhold farmers, says Finance Minister.

Govt proposes 16-point action plan to boost agriculture and farmers welfare, says Finance Minister.

Agri services need copius investments, says Finance Minister

Nirmala Sitharaman in her Budget 2020 speech said agriculture is key when it comes to aspirational India

Farm markets need to be liberalized, farming need to be made more competitive, handholding of farm-based activities need to be provided, sustainable cropping patterns and more tech needed: FM Nirmala Sitharaman

We've moved on from a growth percent of just over 4% in the 1950s to 6% in the 80s and 90s.

With renewed vigour we commit to serve the people, says FM Nirmala Sitharaman

Finance Minister Nirmala Sitharaman begins presenting Budget for 2020-21 in Lok Sabha

Prime Minister Narendra Modi and Home Minister Amit Shah reach parliament, Union Budget to be presented soon. 

The focus of the government is on the "Pradhan Mantri Matsya Sampada Yojana" (PMMSY) for addressing critical gaps in the value chain, including infrastructure, modernization, traceability, production, productivity, post-harvest management, and quality control.

Government planned to replicate "one count: Zero Budget Farming"model which can help in doubling our farmers' income in time for our 75th year of Independence.

Government decided to work with State Governments to allow farmers to benefit from e-NAM (National Agriculture Market).

Government planned to form 10,000 new Farmer Producer Organizations, to ensure economies of scale for farmers over the next five years.

 The Interim Budget announced Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) to provide Rs 6,000 in income support to 12.6 crore small and marginal farmers.

Food inflation based on consumer food price index, maintaining its declining trend, has remained below 2 per cent for the last two consecutive years.

Women's participation in agriculture seen an increase with 13.9 per cent in 2015-16 from 11.7 per cent in 2005-06.

Here are the highlights of Budget 2019 in Agriculture sector

The agricultural and allied sectors in India grown at an annual growth rate of nearly 2.9 per cent from 2014-15 to 2018-19.

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First Published : 01 Feb 2020, 07:53:36 AM