Economic Stimulus Package – Major announcements by Hon’ble Finance Minister – Day 3
Post published:May 30, 2020
Agriculture Sector
For aggregators, FPOs, primary agriculture societies for strengthening farm gate infrastructure
For cold chains and post harvest infrastructure
Specially for private and startups
Micro Food Enterprise
Fund of Rs. 10,000 crores to be made
Cluster based approach to scheme depending on location
For locally-made Products to reach global markets (For Branding and Promotion)
Focus on women, SCs/STs and aspirational areas
Matsya Sampada Yojana
Rs 20,000 crore fund to be created
Employment generation for 55 lakh people
Doubling India's exports to reach Rs 1 lakh crores
Increase traceability
Insurance for boats
Animal Disease
100% vaccination of all cattle (nearly 53 crore animals) to eradicate foot and mouth disease
Animal Husbandry
Animal Husbandry Infrastructure Fund
Rs 15,000 crores fund to be established
For dairy infrastructure and cattle feed infrastructure
Incentivise private investments
Herbal Cultivation
Rs 4,000 crore to be allocated
Up to 10 lakh hectare to be brought under herbal cultivation
To generate Rs 5,000 crore income for farmers
800 hectares along Ganga for growing herbal and medicinal plants
Bee Keeping
Rs 500 crores for bee keeping initiatives to benefit 2 lakh keepers
Production of wax to be encouraged
Operation Green
Additional Rs 500 crores for supply chains disrupted by lockdown
Includes all perishable items
50% subsidy on transport
50% subsidy on storage
Pilot for 6 months
Will be extended once pilot is cleared
Essential Commodities Act
(1955) amended
To tackle abundance of crops
Cereals, edible oils, oil seeds, potato and onion to be deregulated
No stock limit shall apply for storage
Fair Price For Farmers
Central law to provide farmers choice to sell at attractive prices
Inter-state trade to be made barrier-free
E-trade of produce should be facilitated
Standard Mechanism for
predictable price
Legal framework to help farmers to fix their own price
Assured price return quantity for farmers prior to sowing
To increase availability on farming technology and selling opportunities
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