Finance Minister Nirmala Sitharaman has said the fundamentals of the economy are strong, inflation is under control and bank accounts are clean. The budget for fiscal year 2020-21 focuses mainly on three issues ‘Aspirational India, India for economic growth for all and India care for all’. Presenting the budget for fiscal year 2020-21 on Saturday, the finance minister said our goal is to increase people’s income and purchasing power.
Also Read: The stock market started to climb with the budget speech, this was the move of the market on 10 budgets
Nirmala Sitharaman said Krishi Vikas Yojana has been executed by the government, millions of farmers were benefited under Prime Minister Fasal Bima Yojana. The government wants to double the income of farmers. Nirmala Sitharaman made a big announcement for the farmers and said that our government is announcing a 16 point formula for the farmers, which will benefit the farmers. States will be encouraged to implement the Farm Land Lease Model Act 2016, Agricultural Production and Livestock Market Model Act 2017, Agricultural Production and Livestock Contract Agriculture, Services Promotion and Facilitation Model Act 2018
- Implementation of the law on modern agricultural land by the state governments.
- There will be a major regulation for the water system in 100 districts, so that farmers do not have any water problems.
- Farmers’ pumps will be connected to solar pumps through the PM Kusum scheme. 20 lakh farmers will be linked to the scheme. Apart from this, grid pumps of 15 lakh farmers will also be connected to solar power.
- Use of fertilizer balance, so that farmers can be informed about the use of fertilizers in the crop.
- NABARD takes over the existing warehouse, cold store in the country and is developed in a new way. More warehouses, cold stores will be built in the country. The PPP model is used for this. Farmers who have barren land will be helped to set up solar power units and sell excess power to the solar grid
- Dhanya Laxmi Yojana for women farmers, where women will be mainly involved in seed-related programs.
- Krishi Udan Yojana will be started. This scheme will be started on the international, national route.
- The track will also be used for perishable arrangements, including milk, meat and fish.
- According to the farmers, the focus will be on one district, one product.
- Online market is increased by organic farming.
- Kisan Credit Card Scheme will be extended until 2021.
- There will be a government scheme to double milk production.
- Grassland is added under MNREGA.
- Fish farming will be promoted through blue economy. Fish processing will be promoted.
- The aid given to the farmers will be increased under the Dane Dayal Yojana.
Kisan train proposal for transporting perishable products
The government has proposed Kisan Rail to transport perishable agricultural products such as fruits and vegetables. This will provide a facility to transport these products in refrigerated containers. It is proposed to run special Kisan trains under Public-Private Partnership (PPP). Finance Minister Nirmala Sitharaman presented the budget for fiscal year 2020-21 and proposed several measures for the benefit of farmers. He said the railways will make Kisan Rail in the PPP model to build a national cold supply chain for perishable goods. This will allow faster transportation of such products.
He said the government is also proposing a refrigerated van to transport perishable goods via selected express mail and freight trains. Such temperature-controlled vans are needed to transport perishable fruits, vegetables, dairy products, fish, meat, etc. over long distances.