New Delhi| Seeking to double farmers' income by 2022, Finance Minister Arun Jaitley on Wednesday allocated Rs 58,663 crore to agriculture and allied sector for 2017-18 and increased the farm credit target to Rs 10 lakh crore in the fiscal.
Of the allocation, which is around 10 per cent higher than Rs 52,821 crore (revised estimates) in the last fiscal, the allocation for the Agriculture and Farmers' Welfare Ministry was increased by around six per cent as it got Rs 51,026 crore as opposed to Rs 48,072 crore (RE) in 2016-17.
Presenting the budget, Jaitley said that agriculture was expected to grow at 4.1 per cent in the current fiscal due to better monsoon and the total area sown under Kharif and Rabi crops are higher than the previous year.
He said coverage of National Agricultural Market (e-NAM) will be expanded from the current 250 markets to 585 APMCs (Agriculture Produce Market Committees), while assistance up to a ceiling of Rs 75 lakhs will be provided to every e-NAM market to set up cleaning, grading and packaging facilities.
Urging states to de-notify perishables from APMC as it would give opportunity to farmers to sell their produce and get better prices, he said that there was a proposal to integrate farmers who grow fruits and vegetables with agro processing units for better price realisation and reduction of post-harvest losses.
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