Farmers have now yet another reason for rejoicing. The union Budget presented for this fiscal year has given more priority to the issues related to farmers as well as others who belong to the agricultural sector.
Some of these agricultural reforms put forward by the union finance minister are:-
Interest subvention scheme for agriculture loans to continue
60% population depended on agriculture
Continual increase in planned allocation
Targeted credit flow is about Rs 325,000 crore
Loans up to 3 lakh will be available for the farmers at 7% per annum
Those who pay their loans in time will be eligible loans at 6% in future
Task force will be set up to look into farmer suicides in Maharashtra
Rajiv Gandhi Krishi Vikas Yojana funding increased by 30%
Fertilizer subsidy to go to farmers directly which will be based on nutrients
Additional allocation of Rs 1,000 crore for accelerated irrigation project
Central assistance for storm-water drainage project increased to Rs 500 crore from Rs 200 crore provided by the interim Budget
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