Thursday, 10 July 2014

Budget Highlights 2014 - Agriculture Sector

Rs 1000 Crore provided for the scheme "Pradhan Mantri Krishi Sinchayee Yojna"

Two institutions on the pattern of Indian Agricultural Research Institute, Pusa, will be established in Assam and Jharkhand. 

Agricultural Universities are proposed to be set up in Andhra Pradesh and Rajasthan, besides two horticulture universities in Telangana and Haryana.

To prevent soil deterioration, 100 mobile soil testing laboratories will be set up.

Government will initiate a scheme to provide to every farmer a soil health card in a mission mode. The Finance Minister proposed to set aside a sum of Rs 100 core for this purpose

Technology driven second Green Revolution with focus on higher productivity and include “Protein revolution” as an area of major focus.

A target of Rs 8 lakh crore has been set for agriculture credit during 2014-15.

The Finance Minister proposed to allocate an amount of Rs 50,000 crore for Short Term Cooperative Rural Credit (STCRC) Fund during 2014-15.  

The Finance Minister proposed to supplement NABARD’s Producers’ Organization Development Fund for Producer’s development and upliftment called ‘PRODUCE’ with a sum of Rs 200 crore which will be utilized for building 2,000 producers organizations across the country over the next two years. 

The Government intends to finance 5 lakh joint farming groups “Bhoomi Heen Kisan” through NABARD. 

Kisan TV dedicated to interests of agriculture and allied sector will be launched in the current financial year at a sum of Rs. 100 crore.

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