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Informist, Tuesday, Jul 23, 2024

 

--BUDGET: Provision of 1.52 trln rupees for agri, allied sectors

--To implement digital public infra for agriculture for 3 yrs

--To enable issuance of Kisan credit cards in 5 states

--To conduct digital kharif crop survey in 400 districts FY25 

--Farmer, land registry to have details of 60 mln farmers

--National policy for development of cooperative sector   

--Employment generation co-op sector policy goal 

--Fast-tracking rural econ growth the policy goal 

--Financial support for nucleus breeding centre for shrimps 

--To reduce customs duty on some broodstock, fish feed to 5% 

--NABARD to facilitate shrimp production financing, processing 
 

MUMBAI – Finance Minister Nirmala Sitharaman allocated 1.52 trln rupees for agriculture and allied sectors in the Union Budget for the fiscal year 2024-25, presented in the Lok Sabha today. She has announced a three-year plan to facilitate digital public infrastructure for agricultural coverage, aimed at farmers and their lands.

 

In the current year, a digital crop survey for the kharif season will be done using Digital Public Infrastructure in 400 districts. The details of 60 mln farmers and their land will be brought under the farmer and land registries. Further, the issuance of Jan Samarth based Kisan credit cards will be enabled in five states, she said. 

 

The government will provide financial support for setting up a network of nucleus breeding centres for shrimp broodstocks, she said. The National Bank for Agriculture and Rural Development will facilitate the financing of shrimp farming.
 

For the cooperative sector, a new policy will be introduced to ensure systematic development. "The government will bring out a National Cooperation Policy for systematic, orderly and all-round development of the cooperative sector," Sitharaman said. The policy will majorly focus on fast-tracking growth of the rural economy and generation of employment opportunities on a large scale.  End

 

Reported by Anjali Lavania

Edited by Manisha Baxla

 

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