Sitharaman’s Mega COVID-19 Relief Package Commits To Revive Farm Sector By Supporting Local Chains


In the third spherical of press briefings, Finance Minister detailed eight distinctive steps backed by fiscal assist to construct native manufacturers, cold-chain and warehousing infrastructure and promote animal husbandry and fisheries within the nation.


New Delhi: Union Finance Minister Nirmala Sitharaman on Friday got here out with a slew of fiscal measures together with regulatory reforms to revive the agriculture and allied sectors beneath the mega Rs 20 lakh crore financial bundle for the ‘Self-reliant India Movement’ introduced by Prime Minister Narendra Modi not too long ago.The minister detailed eight distinctive steps backed by fiscal assist to construct native manufacturers, cold-chain and warehousing infrastructure and promote animal husbandry and fisheries within the nation.

Not simply fiscal measures, regulatory reforms may even be carried out, Sitharaman mentioned.

She identified that amendments to the Essential Commodities Act shall be made and a authorized route could be taken to free the farmers to promote their produce in any market that gives remunerative costs, somewhat than proscribing such gross sales solely to the licensee within the APMCs.

At current, beneath the APMC Act, farmers are required to promote their produce solely in designated mandis at costs which might be typically regulated, and plenty of occasions decrease than the prevailing market worth. This restricts the farmers’ earnings and curbs their skill to take their produce for additional processing or exports.

Detailing the measures, Sitharaman introduced that Rs 1 lakh crore could be spent to create warehouses and cold-chains for the agriculture sector.

Besides, she introduced a Rs 20,000 crore scheme for fishermen by the Pradhan Mantri Matsya Sampada Yojana (PMMSY) for built-in, sustainable and inclusive growth of marine and inland fisheries.

Composition-wise, the scheme will embody Rs 11,000 crore for promotion of actions in marine, inland fisheries and aquaculture, whereas the remaining Rs 9,000 crore shall be spent for creating infrastructure comparable to fishing harbours, cold-chain and markets.

Sitharaman additionally introduced the launch of a National Animal Disease Control Programme for Foot and Mouth Disease (FMD) and Brucellosis’ with a complete outlay of Rs 13,343 crore.

The minister additional introduced an Animal Husbandry Infrastructure Development Fund value Rs 15,000 crore to encourage the institution of processing crops for export of area of interest merchandise.

Besides, a Rs 10,000 crore cluster-based manufacturing scheme for dietary merchandise was additionally introduced by the minister.

Watch | Rs 500 crore allotted for disrupted provide chains as a result of lockdown: FM

She mentioned that the scheme is in keeping with the Prime Minister’s name for ‘Vocal for Local’ with international outreach. It is predicted to assist 2 lakh MFEs attain FSSAI gold requirements, construct manufacturers and enhance advertising and marketing.

Further, Operation Greens scheme whereby subsidy is supplied on transportation and storage of tomato, onion and potato shall be prolonged to all fruits and vegetable produce within the nation.

Terming the choice as “TOP to TOTAL”, Sitharaman mentioned that the federal government will shell out Rs 500 crore for the scheme.

Promotion of natural cultivation additionally acquired a lift with an outlay Rs 4,000 crore. This is predicted so as to add 10,00,000 hectares beneath cultivation of those crops within the subsequent two years.

Additionally, a Rs 500 crore beekeeping initiative has been instituted. This is predicted to extend the revenue for two lakh beekeepers and supply high quality honey to the customers.

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