Several Initiatives Taken By The Government To Overcome The Challenges
AGRICULTURE AND FOOD SECTOR
- Government to establish two more Agricultural Research Institute of excellence in Assam and Jharkhand with an initial sum of Rs. 100 crore.
- An amount of ` 100 crores set aside for “Agri-tech Infrastructure Fund”.
- Rs. 200 crore provided to open Agriculture Universities in Andhra Pradesh and Rajasthan and Horticulture Universities in Telangana and Haryana.
- A scheme to provide every farmer a soil health card in a Mission mode will be launched. Rs. 100 crore has been provided for this purpose and additional Rs. 56 crores to set up 100 Mobile Soil Testing Laboratories across the country.
- To meet the vagaries of climate change a “National Adaptation Fund” with an initial sum an amount of Rs. 100 crore will be set up.
- A sustainable growth of 4% in Agriculture will be achieved.
- Technology driven second green revolution with focus on higher productivity and including “Protein revolution” will be area of major focus.
- To mitigate the risk of Price volatility in the agriculture produce, a sum of Rs. 500 crore is provided for establishing a “Price Stabilization Fund”.
- Central Government to work closely with the State Governments to re-orient their respective APMC Acts.
- Sum of Rs. 50 crores provided for the development of indigenous cattle breeds and an equal amount for starting a blue revolution in inland fisheries.
- Transformation plan to invigorate the warehousing sector and significantly improve post-harvest lending to farmers.
- To provide institutional finance to landless farmers, it is proposed to provide finance to 5 lakh joint farming groups of “Bhoomi Heen Kisan” through NABARD .
- A target of Rs. 8 lakh crore has been set for agriculture credit during 2014-15.
- Corpus of Rural Infrastructure Development Fund (RIDF) raised by an additional Rs. 5000 crores from the target given in the Interim Budget to Rs. 25000 crores .
- Allocation of Rs. 5,000 crore provided for the Warehouse Infrastructure Fund.
- “Long Term Rural Credit Fund” to set up for the purpose of providing refinance support to Cooperative Banks and Regional Rural Banks with an initial corpus of Rs. 5,000 crore.
- Amount of Rs. 50,000 crore allocated for Short Term Cooperative Rural Credit .
- Sum of Rs. 200 crore for NABARD’s Producers Development and Upliftment Corpus (PRODUCE) for building 2,000 producers organizations over the next two years.
- Restructuring FCI, reducing transportation and distribution losses and efficacy of PDS to be taken up on priority.
- Government committed to provide wheat and rice at reasonable prices to the weaker sections of the society.
- Government when required will undertake open market sales to keep prices under control.