New Delhi: Finance Minister Nirmala Sitharaman is releasing the third tranche of the ₹20 lakh crore economic package today with a focus on agriculture, fisheries and allied activities. In the previous two parts of the package, FM’s focus was on MSMEs, NBFCs, MFIs, migrant workers, street vendors and small farmers. Prime Minister Narendra Modi has declared that the package is aimed at making India self-reliant.
He has also hinted at bringing in several reforms to revive the Indian economy hit by the nationwide spread of the contagious coronavirus disease and the prolonged lockdown.
-FM announces ₹1 lakh crore for agriculture infrastructure fund for farm-gate infa for farmers.
-Sitharaman will announce 11 measures today. 8 of them related to strengthening infrastructure, capacity, logistics while 3 of them relate to governance and administrative reforms.
-During lockdown period, demand for milk dropped by 20-25%.
-PM Kisan Fund transfer of ₹18,700 crore
-During lockdown period, the minimum support purchases of more than ₹74,300 crore happened during lockdown
-India is the largest milk producer, largest jute and pulses producer, 2nd largest in sugar cane, cotton, groundnut, fruits, vegetables and fisheries, 3rd in cereals. Indian farmer has really endured and made sure that he would give us the highest yield – Sitharaman
-The focus of the third tranche is on agriculture and allied activities including fisheries.
-FM announces ₹20,000 crore for fisheries department
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