Thursday, September 24, 2020
Home News Reports Budget 2018: Government aims to double farmers' income by 2022, MSP to be 1.5...

Budget 2018: Government aims to double farmers’ income by 2022, MSP to be 1.5 times the production cost

The 2018 budget, 15 months before the 2019 General Election, brings the focus on agriculture and rural economy. Wooing farmers, a slew of incentives and benefits were announced in the agriculture sector. Along with announcing higher MSP (minimum selling price) for farmers and launch of operation green to boost the produce government has placed higher emphasis on increasing income of the farmers. Government is trying to get 50% more price than the production cost. This could double the farmers’ income by 2022. The government is planning to set up a structure in consultation with NITI Aayog and the state governments are to ensure the farmers get complete MSP even if the market price is lower.

Along with that a corpus of Rs. 2,000 crore will be set up. 470 APMCs (agricultural produce market committee) have already been connected to eNAM (national agriculture market) network and the remaining are expected to be connected by March, 2018. NAM is a pan-India electronic trading portal which networks the existing APMC mandis to create a unified national market for agricultural commodities, thereby providing a single window service for all APMC related information and services.

With a view to boost the food processing sector, the allocation has gone up from Rs. 700 crore to Rs. 1,400 crore whereas the government aims to promote specialized agro-processing and financial institutions.

In 1970, Operation Flood was launched by India’s National Dairy Development Board which transformed India from a milk-deficient nation to world’s largest milk producer. Jaitley announced Operation Green in his Budget speech today which will help farmers generate produce. Rs. 500 crore are allocated for the same. Corpus of Rs. 10,000 was also announced to set up a fund for fishery, aquaculture development and animal husbandry.

- Advertisement -

  Support Us  

Whether NDTV or 'The Wire', they never have to worry about funds. In name of saving democracy, they get money from various sources. We need your support to fight them. Please contribute whatever you can afford

OpIndia Staffhttps://www.opindia.com
Staff reporter at OpIndia

Related Articles

Trending now

Monsoon session of Lok Sabha concludes, becomes the most productive session in the history with productivity rate of 167%

September 20 was the most productive day of the current session 17th Lok Sabha with 234 per cent of productivity.

Rana Ayyub lies again, this time while writing an ode to the old lady protestor at Shaheen Bagh for Time’s 100 most influential people...

Rana has written that Shaheen Bagh protestor 'Bilkis' was sitting to protest against the CAA that could "block Muslims from citizenship".

Deepika Padukone, Sara Ali Khan, three others summoned by NCB in Bollywood drug probe

Deepika’s name had emerged in the drug abuse probe earlier this week after her WhatsApp conversations went viral.

BJP govt must be careful about ecosystem trying to engineer price rises

BJP government needs to watch out about what comes next. The so called “age of controls” may be over, but the mentality of that era might not be.

No coercive step against Facebook exec for ‘role’ in Delhi riots, says Delhi Assembly panel after SC sends notice

Dehi Assembly panel had sent summons to Facebook India head Atul Mohan alleging ‘deliberate inaction’ by the social media giant against alleged hate speech that ‘culminated in the Delhi riots’

Complaint filed against William Dalrymple for flouting visa norms, trying to interfere in India’s internal affairs

Supreme Court advocate and author Monika Arora has stated that William Dalrymple has violated visa norms by trying to interfere in India's democratic process and trample on her freedom of expression.

Recently Popular

‘Are your breasts real? Can I touch?’ Actress Sherlyn Chopra accuses KWAN talent agency co-founder of sexual misconduct

Bollywood actress Sherlyn Chopra on Tuesday took to Twitter to call out sexual misconduct of KWAN talent agency co-founder Anirban Blah.

Nikhil Dwivedi, filmmaker and director of talent agency owned by Salman Khan, claims latter did not buy stakes in KWAN. Read details

Uniworld Big Talent (UBT) owned by Salman Khan, holds major stakes in Big Bang Media Venture, the holding company which owns KWAN.

KWAN representative told me that I need to attend Karan Johar Parties to make a comeback to movies: Suchitra Krishnamoorthi

One of the main things is that you need to be seen at Karan Johar's parties, KWAN representative had told Suchitra Krishnamoorthi

NCB summons KWAN Agency CEO. Did you know Anurag Kashyap aide and film producer Madhu Mantena co-founded KWAN as well as Phantom films

Interestingly, until now, all the big Bollywood names which have emerged in the NCB's probe have links with KWAN Agency

Mumbai Police made actress Payal Ghosh wait till 2 AM, did not file sexual assault complaint against Anurag Kashyap: Reports

The BMC declared her society a containment zone to prevent the actress from filing a complaint.

Casting director of Rhea Chakraborty’s debut film ‘Jalebi’ among 10 Bollywood personalities to have died in the past few months. Read the details here

A post containing the list of recent deaths of Bollywood celebs and the alleged reasons behind their deaths is being widely shared.

Monsoon session of Lok Sabha concludes, becomes the most productive session in the history with productivity rate of 167%

September 20 was the most productive day of the current session 17th Lok Sabha with 234 per cent of productivity.

Former Amnesty India head Aakar Patel arrested for tweets on PM Narendra Modi, BJP-RSS and Ghanchi caste; released on bail

Aakar Patel was arrested by Surat Police on a complaint filed by BJP MLA from Surat West constituency Purnesh Modi

Minister of State for Railways Suresh Angadi succumbs to Coronavirus

Minister of State for Railways Suresh Angadi passed away at the AIIMS in New Delhi, he had tested positive for Coronavirys on 11 Septemter

Properties made available for sale or rent only to Muslims appear on several real estate portals

Even in a cosmopolitan city such as Mumbai, bigoted homeowners actively discriminate between tenants.

KWAN representative told me that I need to attend Karan Johar Parties to make a comeback to movies: Suchitra Krishnamoorthi

One of the main things is that you need to be seen at Karan Johar's parties, KWAN representative had told Suchitra Krishnamoorthi

CBI carries out multiple raids along India-Bangladesh border; BSF officer and 3 others booked in illegal cattle trade case

A BSF officer along with 3 others booked by the CBI in connection with the illegal cattle trade along India-Bangladesh border

Pakistan plans to turn illegally occupied Gilgit-Baltistan into a province; the decision to benefit China and CPEC

Pakistan government have received support from all parties to convert Gilgit Baltistan into a full province of the country

Rana Ayyub lies again, this time while writing an ode to the old lady protestor at Shaheen Bagh for Time’s 100 most influential people...

Rana has written that Shaheen Bagh protestor 'Bilkis' was sitting to protest against the CAA that could "block Muslims from citizenship".

Nepali Youths protest outside the Chinese embassy in Kathmandu against Chinese construction on Nepali territory in Humla

China has reportedly constructed multiple buildings in the Humla region of Nepal and the Chinese troops are staying in them.

Kerala govt to take action against media houses alleging defamatory reports on state secretariat fire incident

Apart from filing case under CrPC, Kerala govt will also complain against media with the Press Council alleging defaming reports

Connect with us

244,181FansLike
454,956FollowersFollow
16,600SubscribersSubscribe