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Here is how farmers will benefit from Budget 2018
470 Agriculture produce market committee will be linked to E-NAM
New Delhi: Finance Minsiter Arun Jaitley on Thursday presented his government’s last Union Budget in the parliament. The budget has special provisions for the farmers and farm sector and a huge amount of money has been allotted for the same.
Here is how farmers benefit from the BUDGET 2018:
- As per FM Jaitley, the government would aim to double farmer income by 2022
- Will give farmer 1.5times of their expenses
- 470 Agriculture produce market committee will be linked to E-NAM (National Agriculture Market)
- Organic farming will increase in farms with land over 1,500 hectares
- Rs 200 crore to link cottage industry with organic farming
- Allocate Rs 500 crore for operation green for potatoes, tomatoes and onions wjich are consumed throughout the year
- Fsihery and aqua culture fund will be created and will be allocated Rs10,000 crore each
- 42 mega food parks will be created
- For loan in farm sector Rs 11 lakh crore have been allotted
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