Agri Budget Doubled To Help Double Farm Income By 2022, PM Modi Says

Prime Minister Narendra Modi today said his government has doubled the budget for agriculture to Rs 2.1 lakh crore during the first four years in office to achieve its objective of doubling farm income by 2022.

Interacting with farmers from over 600 districts via video conferencing, Modi said the four cornerstones of the government policy for raising farm income are cutting input cost, fair price for the crop, preventing the produce from rotting and creating alternate sources of income.

He said the budget for the agriculture sector has been doubled to Rs 2.1 lakh crore during first four years of his government compared to the previous five years of the UPA regime.

The budget for the current financial year has taken steps to provide farmers with a price equivalent to 150 percent of their cost of production, he said.

Modi said that the country is not just witnessing record foodgrain production but milk, fruit and vegetable output too are at all-time highs. In the previous financial year, 280 million tonnes of foodgrains were produced as compared to an average of 250 MT between 2010 and 2014. Pulses production has increased 10.5 percent.

“Our effort is to provide farmers assistance at all stage of agriculture – at the time of sowing, after sowing and at the time of harvesting,” he said, adding that the policy interventions are being planned to help farmers right from seeds to markets.

First, soil health cards are being provided to help farmers better understand soil nutrient status of his or her holding and advice them on the dosage of fertilisers.

After that, loans are being made available to farmers to help them procure good quality seeds, he said, adding neem coating of urea has ensured that black-marketing of the crop nutrient is stopped and farmers get it without any problem.

Online platform e-NAM has started to eliminate middlemen and ensures that the farmers get the right price for their crops.