New Delhi: Union Finance Minister Nirmala Sitharaman today presented the details of the third phase of the economic package of 20 lakh crores. Union Finance Minister Nirmala Sitharaman said that India is the third largest grain producer. Finance Minister Nirmala Sitharaman has announced a help of Rs 1 lakh crore for strengthening the agriculture sector. The Finance Minister said that the government is engaged in doubling the income of farmers. This will also help in increasing the price and increase the income of farmers. In the last 2 months, to support farmers, purchase of 74300 crores was done on MSP. Rs 18700 crore transferred to PM Kisan accounts. 6400 crore crop insurance scheme claimed.
Allocates Rs 10,000 crores for Micro Food Enterprises
Finance Minister, Nirmala Sitharaman today announced Rs 10,000 crores for Micro Food Enterprises, under the third tranche of her economic package.
The scheme will be launched to help almost 2 lakh micro food enterprises to undertake technical upgradation and to meet good food standards.
Existing Micro Food Enterprises, farmer producer organisations, self help groups and cooperatives can gain from the same. The expected outcome would include better health and safety standards, improved income and integration with retail sector.
Animal husbandry Infrastructure development fund launched
Finance Minister, Nirmala Sitharaman today announced a Rs 15,000 Crore Animal Husbandry Infrastructure Development Fund to support private investment in Dairy Processing, value addition and cattle feed.
The aim of the fund is to attract investment in dairy processing, value addition, and cattle feed infrastructure in the country. This announcement came as a part of the third tranche of the economic package announced by the Finance Minister, Nirmala Sitharaman.
Incentives under the scheme would be given to those establishing plants for export of niche products. The fund is likely to benefit areas in the country which have high milk production, but lack funds and the technical expertise.
Rs 4,000 crores for Herbal Cultivation
To promote Herbal Cultivation in India, the Finance Minister, Nirmala Sitharaman today announced a sum of Rs 4000 crores.
The move aims to cover 10 lakh hectare under herbal cultivation in 2 years and also the corridor of medicinal plants to come up across banks of Ganga.
The move is expected to lead to Rs 5,000 crores in income for farmers. The National Medicinal Plants Board will bring 800 hectares area by developing a corridor on the banks of the Ganga
