Union Minister of Agriculture & Farmers’ Welfare, Rural Development and Panchayati Raj, Narendra Singh Tomar has thanked Prime Minister Narendra Modi and Union Finance Minister for their thrust on agri sector in this budget.
The budget has given priority to the farmers and the rural population, says Tomar. He said the first budget of the new decade paves the way for laying a network of Infrastructure leading to overall development and help achieve the target of $5 trillion economy by 2024-25.
A 16 point plan has been unveiled reiterating the promise to double farmers’ income by the year 2022. The budget has provisioned Rs. 1.60 lakh crore for Agriculture and Farmers’ Welfare and Rs. 1.23 lakh crore towards Rural Development Ministry, he added.
The scope of NABARD’s refinance scheme will be expanded. Budget has provisioned Rs. 15 lakh crore for Agriculture Credit. More allocation has been made for Interest Subsidy so that no farmer faces any difficulty, Tomar underlined.