sector-agriculture

1. 5

2. WHAT IS UNION BUDGET?
 The Union Budget is the annual report of
India as a country.
 It contains the government of India's
revenue and expenditure for the end of a
particular fiscal year.

3. THE SECTORS TO WHICH FUNDS
ARE ALLOCATED IN BUDGET
 Total expenditure of Budget 2017-18 estimated at
Rs 21.47 lakh crore.
 MNREGA: 48,000 crore
 PM Awas Yojna (rural): Rs 23,000 crore
 Agricultural credit: Rs 10 lakh crore
 Irrigiation fund corpus: Rs 5,000 crore
 NABARD Dairy fund corpus Rs 8000 crore, initial
amount at Rs 2000 crore

4. CONTD..
 National rural livlihood mission: 4,500 crore
 Panchayati Raj Allocation: 1,87,223 crore
 Industrial Skill Training: Rs 2,200 cr
 Skill Acquisition and Knowledge Awareness: 4000
crore
 Women and children welfare across ministries:
1,84,632 crore
 Schedule caste welfare allocation 52,393 crore

5. CONTD..
 Schedule Tribe: to 31,920 crore
 Safety fund (railway) 1 lakh crore
 Capital and development expenditure on railways:
1,31,000 crore
 National Highway allocation: 64,000 crore
 Rail, road, shipping allocation 2,41,387 crore
 total infra allocation 39,6135 crore
 Pradhan Mantri Mudra yojana 2.44 lakh crore
 Bank capitalization, bank stocks up: Rs 10,000
crore
 Defence exp (excluding pensions) Rs 2,74 lakh
crore

7. INTRODUCTION TO AGRICULTURE
SECTOR
 Agriculture plays a vital role in India’s economy.
 Over 58 per cent of the rural households depend
on agriculture.
 Agriculture, along with fisheries and forestry, is one
of the largest contributors to the Gross Domestic
Product (GDP).
 Agriculture sector is expected to grow at 4.1%
during the current fiscal year on good monsoon

8.  Agricultural export constitutes 10% of the countries
exports and it is the forth largest exported
commodity.
 Data from World Bank shows that around 60.3 per
cent of India's land area is agricultural land.
 In fact India has the second largest agricultural land
in the world.
 So agriculture sector is treated as back bone of
Indian economy

10. WHAT DID THE BUDGET DO FOR
AGRICULTURE?
 The total allocation for the rural, agriculture and
allied sectors in 2017-18 is Rs 1,87,223 crore,
which is 24% higher than the previous year.
 The target for agricultural credit in 2017-18 has
been fixed at a record level of Rs 10 lakh crores.
 The coverage of Fasal Bima Yojana will be
increased from 30% of cropped area in 2016-17 to
40% in 2017-18 and 50% in 2018-19. For 2017-18,
provided a sum of Rs 9,000 crore

11.  Government will set up new mini labs in Krishi
Vigyan Kendras (KVKs) and ensure 100%
coverage of all 648 KVKs in the country.
 Addition of Rs 20,000 crore to the corpus of Long
Term Irrigation Fund.

12.  A dedicated Micro Irrigation Fund to be set up in
NABARD to achieve the goal, 'per drop more crop'.
The Fund will have an initial corpus of Rs 5,000
crore.
 The coverage of National Agricultural Market (e-
NAM) will be expanded from the current 250
markets to 585 APMCs.

13.  A Dairy Processing and Infrastructure Development
Fund would be set up in NABARD with a corpus of
Rs 8,000 crores over 3 years. Initially, the fund will
start with a corpus of Rs 2,000 crores.
 Short term crop loan will be provided up to 3 lacks
at an interest of 7% p.a
 Additional incentive of 3% is provided to farmers for
prompt repayment of loans

14. HOW THE AGRICULTURE SECTOR WILL
BENEFIT
 Credit of 10 lakh crores
 Issuance of soil health cards
 Taken steps to increase farmers to get better price
to their products in markets
 DE notifying perishables from APMC’s and helps
farmers to get better price for their products

15.  Growing fruits and vegetables with agro processing
units for better price realization and reduction of
post harvest loss
 Modern law of contract farming will be prepared
and circulated among states for adoption

16. CONCLUSION
 The budget 2017-18 pitched for more
reforms in agriculture marketing and
increased funds for insurance and irrigation
schemes, but did not spell out how farm
incomes will double in five years