Budget 2019: Govt promises big investment in agri and allied sectors; 10,000 FPO's, new scheme to overhaul fishery industry announced

Aiming to double farmers' income by 2022, the government during the Union Budget 2019 on Friday said it will invest in a big way in developing infrastructure in both agriculture and allied farm sector, and encourage private entrepreneurs in food processing.

Press Trust of India July 05, 2019 18:26:44 IST
Budget 2019: Govt promises big investment in agri and allied sectors; 10,000 FPO's, new scheme to overhaul fishery industry announced
  • Aiming to double farmers' income by 2022, the government said it will invest in a big way in developing infrastructure in both agriculture and allied farm sector

  • Presenting the Budget for the 2019-20 fiscal, Nirmala Sitharaman said the government keeps 'gaon, garib, aur kisan' at the centre of everything that it does

  • Both 'ease of doing business' and 'easy of living' should apply to farmers too

New Delhi: Aiming to double farmers' income by 2022, the government on Friday said it will invest in a big way in developing infrastructure in both agriculture and allied farm sector, and encourage private entrepreneurs in food processing.

Budget 2019 Govt promises big investment in agri and allied sectors 10000 FPOs new scheme to overhaul fishery industry announced

Nirmala Sithraman presenting the budget. PTI

Presenting the Budget for the 2019-20 fiscal, Finance Minister Nirmala Sitharaman said the government keeps "gaon, garib, aur kisan" at the centre of everything that it does. Both 'ease of doing business' and 'easy of living' should apply to farmers too.

"We will invest widely in agricultural infrastructure. We will support private entrepreneurships in driving value addition to farmers' produce from the field and for those from allied activities, like bamboo and timber from the hedges and for generating renewable energy," she said.

Stating that 'annadata' can also be 'urjadata', the minister said that dairying through cooperatives should also be encouraged by creating infrastructure for cattle feed manufacturing, milk procurement, processing and marketing.

To harness the potential in the fishery sector, the government proposed a Pradhan Mantri Matsya Sampada Yojana (PMMSY) to establish a robust fisheries management framework and check gaps in the value chain.

"Fishing and fishermen communities are closely aligned with farming and are crucial to rural India. ...This (PMMSY) will address critical gaps in the value chain, including infrastructure, modernisation, traceability, production, productivity, post-harvest management, and quality control," she added.

While appreciating the farmers for making India self-sufficient in production of pulses, the Finance Minister said, "I am sure they will repeat such a success even in the production of oilseeds. Our import bill shall be reduced by their seva."

She also proposed setting up of 10,000 new Farmer Producer Organisations (FPOs) to ensure economies of scale for farmers over the next five years.

To ensure fair price to farmers, the minister said that the centre will work with state governments to allow farmers to benefit from electronic National Agriculture Market (e-NAM) which was launched in 2016.

"The Agriculture Produce Marketing Cooperatives (APMC) Act should not hamper farmers from getting a fair price for their produce," she said.

The minister also emphasised the need to replicate Zero Budget Farming, an innovative model, across the country saying farmers are already being trained in few states in this regard.

"Steps such as this can help in doubling our farmers' income in time for our 75th year of independence," she added.

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