Agriculture is expected to grow at 4.1% in the current
For the financial year 2017-18, the target for
agricultural credit to farmers has been fixed at a
record level of Rs. 10 lakh crore with 60 days interest
Government will support NABARD which will be done
in 3 years at an estimated cost of Rs. 1,900 crores,
with financial participation from State Governments.
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. The Budget provision for this
scheme has been increased from Rs. 5,500 crores to
Rs. 13,240 crores to settle the arrears claims.
Government will set up new mini labs in Krishi Vigyan
Kendras (KVKs) and ensure 100% coverage of all 648
KVKs in the country. 1000 mini labs will be set up by
qualified local entrepreneurs. Government will also
provide credit linked subsidy to these entrepreneurs.
A Long Term Irrigation Fund has already been set up
in NABARD. the total corpus of this Fund to Rs. 40,000
Micro Irrigation Fund will be set up in NABARD to
achieve the goal, ‘per drop more crop’ which will have
an initial corpus of Rs. 5,000 crores.
The coverage of National Agricultural Market (e-
NAM) will be expanded from the current 250 markets
to 585 APMCs (Agriculture Produce Market
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.
the Budget proposals under our
overarching agenda: “Transform,
Energise and Clean India”. Our
emphasis will now be on
implementing all these proposals for
the benefit of the farmers, the poor
and the underprivileged sections of