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Tranche III: What Are The 11 Measures Announced By FM For Agricultural Sector

Mumbai: The third tranche of ‘Atmanirbar Bharat’ special economic package was unveiled by the Finance Minister Nirmala Sitharaman on Friday. It mainly focuses on agriculture and allied activities.

“I will be announcing 11 measures today, of which 8 of them relate to strengthening infrastructure, capacities and building better logistics, while the rest 3 will pertain to governance and administrative reforms,” said Sitharaman.

The 11 measures announced by FM Nirmala Sitharaman today are:

  1. Rs 1 lakh crore Agri- Infrastructure fund for farmer-producer organizations for strengthening the farm gate infrastructure.
  2. Rs 10000 crore for micro food enterprises. This scheme will be cluster-based and is said to benefit two lakh enterprises.
  3. Rs 13000 crore for 100 percent vaccination of cattle to treat food and mouth disease.
  4. Rs 500 crore scheme for infrastructure development related to integrated beekeeping development centres. It will increase the income of 2 lakh beekeepers.
  5. Rs 4000 crore allocated for the promotion of herbal cultivation. 10,00,000 hectares will be covered in the next 2 years.
  6. Animal Husbandry Infrastructure Development Fund of Rs 15,000 crores will be set up.
  7. Rs 20000 crore Pradhan Mantri Matsya Sampada Yojana will be launched for the development of marine and inland fisheries. Around 55 lakh people are expected to get employment from this program.
  8. Rs 500 crore allocated for the extension of Operation Greens from Tomatoes, Onions, and Potatoes (TOP) to all fruits and vegetables (TOTAL)
  9. Amendment to the Essential Commodities Act will be made by the government to enable better price realization for farmers, agriculture products including cereals, edible oils, oilseeds, pulses, onions, and potatoes to be deregulated.
  10. A facilitative legal framework will be created to enable farmers to engage with processors, aggregators, large retailers, exporters in a fair and transparent manner.
  11. A central law will be formulated to provide adequate choices to the farmers to sell produce at an attractive price, barrier-free interstate trade, and framework for e-trading of agricultural produce.

Prime Minister Narendra Modi had announced a mega stimulus package of Rs 20 Lakh crore, approximately 10% of Indian GDP to fight against the downfall due to the COVID-19 situation. The first and second tranche of the package focused on MSMEs and small traders, migrant workers respectively.

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